The Business Insurance Underwriting Professional Development Program internship helps prepare you for a career with Travelers and, specifically, for an Underwriting Professional Development Program (UPDP) position upon graduation from college.
Qualified students will have an excellent opportunity to gain firsthand experience, receive valuable on-the-job training and learn more about the insurance industry.
Interns are expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop your knowledge and help you understand and train for a future UPDP position.
What is the UPDP?
The UPDP is designed to develop insurance coverage knowledge, underwriting and sales skills through a structured program that combines classroom training and experiential learning with individualized coaching and mentoring.
This is a yearlong multi-faceted program that gives participants the business and technical skills they need to understand the core of our business and to launch their careers as successful Travelers underwriters.
What is an underwriter?
Insurance is the contractual transfer of financial risk from one party to another. Underwriters are the heart of the insurance process, using finely tuned analytical skills to evaluate the acceptability of business and institutional risk.
However, underwriters are more than just analysts – they are the relationship builders with our agents and clients. They are responsible for managing a profitable portfolio of business through our distributing agents and brokers. An underwriting career combines a dynamic blend of analytical and selling skills – it’s stimulating, exciting and a great career for the right individual.
The UPDP intern position is a very important first step to this excellent career opportunity.
Because being an underwriter is a complex, dynamic and exciting position, we welcome interns who have various majors, backgrounds and experiences. We are most interested in college students who are serious about entering the insurance industry and excited about the prospect of eventually becoming an underwriter. Additional requirements include:
Desired personal qualities include: being resourceful and hard working; a commitment to complete the program; and a goal-oriented individual who is motivated to succeed
Positions are available in various offices across the United States beginning in late May or early June for 10- to 12-week assignments.
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