Actuarial (K)intern
Notice: Due to the current circumstances of the COVID-19 pandemic, Kin Insurance has shifted to a remote workforce. While we hope to return to the office sometime soon, our priority is to maintain safe and healthy working conditions for our staff. For that reason, we will continue to operate, interview, and hire on a remote basis until further notice.
About Kin:
Kin Insurance exists to change home insurance from what it is to what it should be. We do this by applying data science and analytics to make decisions, automation to reduce redundancies and unnecessary costs, and innovative thinking to change the way customers interact with and get value from their home insurance provider. We do this because we wholeheartedly believe that customers deserve better from their insurance.
Currently four years old, Kin began with the notion that technology could improve our industry, so we started by researching the most important part of our business: the customer. After building our platform from the ground up, we launched the Kin Intern Insurance Network, a customer-owned carrier in Florida. By applying our vision for a data-driven, technology-forward insurance company, we are able to offer customers affordable insurance in a straightforward, simplified approach. In 2020, Kin is continuing to grow in Florida while expanding into other states.
While our approach to home insurance makes us a unique business, the people and culture at Kin are what make us special. We are problem solvers, collaborators, builders, and empathizers who care about one another and have a passion for creating positive change. We each bring a diverse array of experience to Kin that fuels a passion for learning and growth that we foster as a company.
So, what’s the role?
We are looking for folks who are passionate about insurance, analytics, and getting hands on experience in the actuarial field. Kin is in growth-mode as we expand into new markets, increase our product offerings, and continue to find ways to add innovation to the insurance field.
You’ll report to our Chief Actuary and work side by side our insurance team on a variety of projects. Don’t worry, you won’t be stuck scheduling meetings or taking notes, you’ll be assigned projects as well as work on ongoing projects that may include state expansion, pricing models, and industry research.
We’ll need you to be an actuarial major who has passed at least two exams and is graduating this spring/summer and eager to gain internship experience that can result in full time employment within a few months.
A day in the life could include:
- Work with data to make predictions and process improvements
- Develop a broad understanding of the insurance process from analytics, claims, underwriting, sales, and tech
- Communicate complex ideas to a broad audience
- Understand and eventually enhance rating algorithms for pricing insurance
- Develop a plan and execute on it by following through. Turn ideas into reality
I’ve got the skills...but do I have the necessary ones?
- Majoring in actuarial science
- Have passed 2 or more exams
- Strong analytical skills and proficiency with Microsoft Excel and other similar programs
- Project management skills, you can break a project down into smaller pieces and manage deadlines well
- Passionate about making change in the insurance industry
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