Development Programs
Product Pricing Development Program
Additional Information
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As the fastest growing area of Travelers, our Personal Insurance Product Management organization provides program participants with a variety of stimulating development assignments, training and growth opportunities, while constantly challenging employees to increase our impact in the marketplace.
Program Components
Travelers Product Pricing Development Program focuses on developing talented participants to lead our Product Management businesses into the future. Our Personal Insurance business offers auto, homeowners and a variety of other innovative insurance products to individuals across the country and our Business Insurance – Select Accounts offers similar products to small companies throughout the United States.
As pricing analysts, program participants work directly with upper management consisting of market analysts, market directors and product managers on each project, as well as working closely with peers throughout their time in the program.
Participants are given the opportunity to learn about different segments of the business by working on projects for more than 25 different teams across Personal Insurance and Business Insurance – Select Accounts such as:
- Catastrophe-Risk Management: Work with Catastrophe, Risk Management and state teams in developing and monitoring strategies to help mitigate and control state-specific catastrophes.
- Competitive Analysis: Work with state, regional and national teams to determine our placement in the marketplace and develop strategies to increase competitiveness.
- Product Strategy and Development: Brainstorm, research, test and implement new product opportunities, such as hybrid car and event insurance.
- Rate-Making and Analysis: Use actuarial concepts combined with market knowledge to advise on rate reviews and prepare rate filing packages for the Department of Insurance.
- Finance, Research and Development, Management Information, Underwriting, Claim and much more.
Training and Development
The Product Pricing Development Program has created an in-depth and challenging training program for all participants. The program begins with 12 weeks of intensive training focusing on insurance basics, actuarial concepts, underwriting and technology systems. During this time participants also will begin to work on professional development and leadership training.
Through one-on-one meetings between participants and managers, the participants’ skills, core competencies and development points are identified and strengthened. Throughout the course of the program, participants will work on developing time management, communication, presentation, creative thinking, problem-solving, team building and leadership skills.
Mentoring
We believe it is vital for participants to learn from other successful team members. In addition to our training program, the Product Pricing Development Program utilizes a structured mentoring program where participants are paired with peer mentors and are encouraged to meet regularly to further facilitate career development. This relationship begins even prior to the participants’ first day.
Networking
Networking is supported through speaker forums and group meetings with business leaders. Program participants are also encouraged to get involved in enterprise-wide committees. Through participation in these committees, participants can network, build leadership and technical skills, and give back to the local community.
Requirements
- An undergraduate degree, MBA or other graduate degree with a preferred GPA of 3.2 or greater
- Past experience with an internship in a corporate business environment is preferred
- Working knowledge of Microsoft Excel, Office and Access
- Competitive candidates will have a passion for learning and self-development, excellent communication skills, a fundamental understanding of how businesses work and the ability to deal with complex concepts
- An entrepreneurial spirit
- Legally eligible to work in the United States
Suggested Majors
- Actuarial Science
- Economics
- Engineering
- Finance
- Mathematics
- Risk Management and Insurance
- Statistics
Locations
Positions are available in Hartford, Conn., with potential relocation opportunities in a number of field office locations.
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