Product Pricing Development Program

As one of the fastest growing areas of Travelers, our Personal Insurance and Select Business Insurance Product Management organizations provide 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

The Travelers Product Pricing Development Program (PPDP) focuses on developing talented participants to lead our Product Management organization into the future. Our Personal Insurance business offers auto, homeowners and a variety of other innovative insurance products to individuals across the country.

Our Business Insurance – Select Accounts unit offers similar products to small companies throughout the United States. 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 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.
  • 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.

Training and development

The PPDP has created an in-depth and challenging training program for all participants, beginning with 12 weeks of intensive training focused on insurance basics, actuarial concepts, underwriting and technology systems. Throughout the course of the program, participants work on developing leadership, time management, communication, presentation, creative thinking, problem-solving and team-building skills.

Mentoring

We believe it is vital for participants to learn from other successful team members. In addition to our training program, the PPDP 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 our 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
  • 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.

Summer internships

Our summer internship program provides qualified students with an excellent opportunity to obtain industry knowledge and receive valuable on-the-job training. Internship opportunities are available in Hartford, Conn.

How to Apply or back to Development Programs 

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