Actuarial Intern (Summer 2021)

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Our telematics data has opened the door to new ways of pricing auto insurance: new data everywhere, new analytical approaches, and the massive computational power to finally put the two together. Through this, our actuarial team has shifted away from leaning solely on traditional approaches and instead focusing on leveraging more creative techniques and technologies to develop modern, autonomous solutions.

 

We're looking for Actuarial Interns who are eager to get their feet wet in the world of insurance; you won't be standing on the sidelines, but will be doing real work on the frontlines of modern pricing and reserving techniques. You'll be hands-on with real world problems, working alongside our actuaries to rapidly experiment with and develop analyses, tooling, and filings. Our interns will also get exposure to non-traditional actuarial roles within the company that are unique to Root.

Responsibilities:

  • Roll-out and develop/automate reporting processes to improve our understanding of the business, pricing changes, and policyholder attributes
  • Use statistical models to develop actionable insights
  • Evaluate and analyze market data to enhance internal decision making
  • Learn the insurance business--product, claims, and finance

Qualifications:

  • Graduation expected within 12 months of start date
  • Strong, demonstrable knowledge of statistical analysis
  • Demonstrable experience with R and SQL
  • Functional Excel skills (creating formulas, visualizations, sorting & filtering, pivot tables)

Join us.

At Root, we judge people based on the merit of their work, not who they are. Very few (if any!) people will fit every description; so if you are passionate about what this role entails, and are excited by solving real problems, we encourage you to apply; we want to learn about you, and what you can add to our team!

 

Who we are. Root Insurance is the nation’s first licensed insurance carrier powered entirely by mobile. We were founded on the belief that the services you need for everyday life should serve you better. That’s why we base insurance coverages on you, not your demographic. It’s the way insurance should be. And it’s all conveniently in an app.

 

What draws people to Root. We’re a venture-backed technology company. Our early success is in large part due to our unwavering standards in hiring. We recognize that our product is only as good as the people building and promoting it. We look for individuals who find solutions by going through the cycle of ideation to implementation with curiosity, rigor, and a highly analytical lens. Ask anyone who works here and you’ll hear similar reasons for why they joined:

Autonomy. For assertive self-starters, the opportunities to contribute are limitless.

Impact. By challenging the way it’s always been done, we solve problems that have a big impact on our business.

Collaboration. We encourage rich discussion and civil debate at every turn.

People. We are inspired by the collection of crazy-smart people around us

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Location

IL

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