Internship

Intern – Actuarial

Posted on 9/20/2024

SageSure

SageSure

501-1,000 employees

Specialized insurance for high-risk coastal areas

Social Impact
Financial Services

Cheshire, CT, USA

Category
Insurance
Finance & Banking
Required Skills
R
Requirements
  • An undergraduate education to pursue a degree in Actuarial Science or STEM-related field
  • A graduation date in Fall 2025 or Spring 2026
  • Solid analytical, problem solving, and reasoning skills
  • Proficiency in Microsoft Office Suite, particularly Excel
  • Strong Communication skills both with technical and non-technical resources
  • Ability to multitask and hungry to learn
  • Ability to work independently and as a team member
  • Authorization to work in the United States
  • Proficiency in Microsoft Office Suite
  • Prior internship experience
  • GPA of 3.0 or higher
  • Passage of one or more actuarial exam(s)
  • Strong technical skills
  • Familiarity with R is a plus
  • Knowledge of modeling packages, programming languages, and spreadsheet / database software
Responsibilities
  • Learn and use actuarial techniques in developing pricing plans
  • Assist in providing technical and analytical assessments of complex business issues related to the management of the current and future development of insurance products
  • Learn and network with employees, leaders, and other interns during an on-the-job experience
  • Potential to earn college credit
  • Modeling, research and analysis support on ad-hoc projects
  • Collaborative teamwork and/or individual Capstone project
  • Recommend solutions to industry issues
  • Fulfill tasks set out by team leaders
  • Receive coaching, mentoring and feedback from knowledgeable SageSure professionals

SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, focusing on markets often neglected by traditional insurers. The company provides tailored insurance products that address the unique challenges of these regions, particularly those prone to natural disasters. With a team of experienced professionals, SageSure uses advanced technology and data analytics to accurately assess risks and price its products competitively. The goal is to ensure that clients in underserved areas have access to reliable and affordable insurance solutions.

Company Stage

Debt Financing

Total Funding

$800M

Headquarters

Jersey City, New Jersey

Founded

2009

Growth & Insights
Headcount

6 month growth

9%

1 year growth

21%

2 year growth

57%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Ecopia AI enhances precision in underwriting and risk assessment.
  • Introduction of dwelling fire product meets demand in coastal states, expanding market share.
  • Successful $1.2 billion catastrophe bond issuance shows strong financial backing.

What critics are saying

  • Increased competition in coastal insurance markets may pressure market share and pricing.
  • Rising natural disasters could lead to higher claims and reinsurance costs.
  • Regulatory changes in coastal states may increase operational costs and complexity.

What makes SageSure unique

  • SageSure specializes in high-risk, underserved coastal property insurance markets.
  • The company uses advanced technology for precise risk assessment and competitive pricing.
  • SageSure partners with over 11,400 producers for wide distribution and expert customer service.

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Benefits

Fully stocked cafés with free snacks and beverages

Lounges with shuffleboard, billiards and board games

Access to in-office gyms

Organized and ad hoc social events

Medical (HSA, EPO, PPO)

Dental

Vision

401(k) with company match

Profit-sharing bonus program

Life insurance

Short-term and long-term disability

Up to 160 hours of paid time off per year, plus floating holidays

Paid holidays

8 hours of volunteer time off per year

Gym reimbursement

Tuition reimbursement toward education, licensing and certifications

Employee assistance program with access to free and confidential counseling

INACTIVE