Internship

Fall Actuarial Analyst Co-op

Confirmed live in the last 24 hours

Allstate Insurance Company

Allstate Insurance Company

10,001+ employees

Provides various insurance products and services

Financial Services

Remote in Canada

Fully remote role for candidates residing in Canada.

Category
Insurance
Finance & Banking
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Pursuing a Bachelor degree in Actuarial Science, Math, Statistics or related field AND be in strong academic standing; must be a full-time student
  • Pursuing actuarial designation
  • Can analyze data and review analysis while demonstrating strong decision-making skills
  • Computer proficiency in Microsoft Office: Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic – PowerPoint; standard knowledge in the use of data sources
  • Strong written and verbal communication skills
  • Ability to complete multiple concurrent assignments in a timely manner
Responsibilities
  • Conducts reviews of rates for assigned states and product lines, analyzing profit and loss results, past and current trends, projecting underwriting losses and reviewing competitiveness of rates
  • Completes detailed analyses, makes recommendations, and prepares rate package proposals for key business partners
  • Prepares internal and external communications, including interactions with regulatory authorities and management that will describe and support rules and rate changes
Allstate Insurance Company

Allstate Insurance Company

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Allstate provides a variety of insurance products, including auto, home, and life insurance, aimed at protecting individuals and families from financial risks. The company operates by selling insurance policies, which customers pay for through premiums. These premiums are then invested to generate returns for the company. Allstate distinguishes itself from competitors by offering a multi-channel distribution approach, allowing customers to purchase insurance through agents, online platforms, or partnerships with other financial services. The company's goal is to ensure customer satisfaction and reliability, as reflected in their slogan, "You're in Good Hands with Allstate," while also promoting diversity and engaging in corporate social responsibility initiatives.

Company Stage

IPO

Total Funding

N/A

Headquarters

Northbrook, Illinois

Founded

1931

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of telematics allows for personalized premiums and improved customer satisfaction.
  • Climate change drives demand for new insurance products covering emerging risks.
  • Growing importance of cybersecurity insurance offers a chance to tap into a rapidly expanding market.

What critics are saying

  • Texas AG lawsuit over alleged unlawful data harvesting poses legal and reputational challenges.
  • Potential financial penalties from data privacy lawsuit could affect customer trust and market position.
  • Workforce reduction plan in 2020 may lead to operational challenges and impact service quality.

What makes Allstate Insurance Company unique

  • Allstate offers a wide range of insurance products, including auto, home, and life.
  • The company uses a multi-channel distribution approach to reach diverse customer preferences.
  • Allstate is committed to inclusive diversity and corporate social responsibility initiatives.

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Benefits

Flexible Work Hours