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Old 11-19-2018, 04:01 PM
westernlocation westernlocation is offline
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Default Choosing an internship

Which internship would you take of these and why? Mercer, Swiss Re, Allstate, State farm and CNA. I am undecided between P&C, Life and health, or consulting vs insurance. Thanks!
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Old 11-19-2018, 04:06 PM
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If all the factors that matter to you are equal,

Swiss Re/Mercer are probably the best if you are naturally extroverted and want to make connnetions.

Allstate/Statefarm/CNA probably have good rotational programs and the environment will be more steady (consistent 40 hour work weeks) so you can have a work life balance and get your exams done quick.

I would personally pick allstate/statefarm over CNA cause I believe CNA only does commercial insurance where as statefarm and allstate do both personal and commercial so you can get more exposure to more product lines (afaik).
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Old 11-19-2018, 04:07 PM
hjacjswo hjacjswo is offline
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I heard swiss re pays really well. So, either swiss re or CNA. CNA has the best location in my opinion, and also a good rotation program.
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Old 11-19-2018, 05:22 PM
extrovertedactuary extrovertedactuary is offline
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Quote:
Originally Posted by hostess View Post
If all the factors that matter to you are equal,

Swiss Re/Mercer are probably the best if you are naturally extroverted and want to make connnetions.

Allstate/Statefarm/CNA probably have good rotational programs and the environment will be more steady (consistent 40 hour work weeks) so you can have a work life balance and get your exams done quick.

I would personally pick allstate/statefarm over CNA cause I believe CNA only does commercial insurance where as statefarm and allstate do both personal and commercial so you can get more exposure to more product lines (afaik).
I generally agree with this analysis, but my one word of caution around your personal/commercial advice is that it seems most actuaries at Allstate work in personal, and from my experience, it is harder to change companies from a personal lines role to a commercial lines role than the other way around. So if one assumes you'll be placed in a personal lines role for Allstate, I would actually go with CNA.
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Old 11-19-2018, 05:33 PM
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Quote:
Originally Posted by westernlocation View Post
Which internship would you take of these and why? Mercer, Swiss Re, Allstate, State farm and CNA. I am undecided between P&C, Life and health, or consulting vs insurance. Thanks!
Which of those companies would you like to work for when you graduate?

If you enjoy your finance classes a lot more than your stats (related) classes, then do the Life/Health internship.

If you enjoy your stats (related) classes a lot more than your finance classes, then do the P&C internship. Commercial vs. Personal lines will be a non-issue overall since whatever company is hiring you will look at the internship experience as a "general introduction to corporate existence" more than gaining applicable industry knowledge experience.
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Old 11-19-2018, 05:57 PM
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CNA, so you can pretend your internship is actually at Facebook.
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Old 11-19-2018, 06:15 PM
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CNA, so you can pretend your internship is actually at Facebook.
elaborate? Do they insure facebook or something?
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Old 11-19-2018, 06:46 PM
hjacjswo hjacjswo is offline
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Can you really say Allstate and Statefarm do commercial??
I'm sure they do BOP and some small market commercial stuff. But, those are not the same as types of commercial work you will do at CNA.
So, don't expect to be able to do both Personal and Commercial if you choose Allstate or Statefarm. It will just be really personal lines.
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Old 11-19-2018, 07:06 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Wait until you have offers.
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Old 11-19-2018, 07:33 PM
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Wait until you have offers.
i assumed he had offers at those companies
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