Underwriting Trainee, Financial Institutions

Sompo International•New York, NY

1d•Onsite

About The Position

Sompo has a unique opportunity for a 2026 Financial Institutions Underwriting Trainee in our New York, NY office(s). Our Trainee Program is an 18-month program beginning in July 2026 designed to equip you with the essential business and technical skills needed to build a successful career in insurance. As an Underwriting Trainee you will work alongside the most experienced underwriters in the industry to gain in-depth knowledge of our business units and underwriting philosophy through on-the-job learning, workplace mentoring. Our Trainees work directly on their products’ accounts, building relationships and identifying customers’ needs. This rigorous curriculum also includes training in negotiation, risk analysis and relationship management. Sompo’s Trainee Program serves as a launchpad for career advancement, empowering you to acquire the knowledge and skills essential for success in your respective field.

Requirements

Graduating Seniors, and recent college graduates with previous internship experience working in insurance, financial services, marketing or sales
Bachelor’s degree
Graduation date between May 2025 and May 2026
Genuine interest in developing a career in the insurance industry
Ability to articulate ideas clearly through written and verbal communication
Solution-oriented mindset and data analytical skills
Ability to work independently and collaborate with others
Adaptability to new challenges and ability to thrive in a fast-paced environment
Demonstrates integrity and reliability in fulfilling roles and responsibilities
Detail-oriented, organized, and tech-savvy (Microsoft Excel, Word, PowerPoint)
Local to the desired office location or able to arrange housing and transportation in the area to support an in-office working arrangement while in the Trainee Program
Eligible candidates must be at least 18 years old and authorized to work in the United States without restriction

Responsibilities

Assisting Underwriters in exposure analysis and operational analysis of insureds
Compiling a competitor analysis from a publicly available database
Working with Underwriting Assistants in developing renewal lists
Contacting brokers for submissions
Accompanying underwriters during internal meetings and occasional external marketing calls

Benefits

Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
Pharmacy benefits with mail order options
Dental benefits including orthodontia benefits for adults and children
Vision benefits
Health Care & Dependent Care Flexible Spending Accounts
Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
Company-paid Disability benefits with very competitive salary continuation payments
401(k) Retirement Savings Plan with competitive employer contributions
Competitive paid-time-off programs, including company-paid holidays
Competitive Parental Leave Benefits & Adoption Assistance program
Employee Assistance Program
Tax-Free Commuter Benefit
Tuition Reimbursement & Professional Qualification benefits