Product Management Development Program (PMDP) Intern

Hartford, Connecticut

Company Information
Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary
As a Product Management Development Program intern, you will play an integral role in the Product Management organization of Travelers Personal Insurance or Select Small Commercial. Our Product Management area is the fastest growing section of Travelers and provides interns with the opportunity to participate in a wide variety of fast-paced projects and training.

Primary Job Duties & Responsibilities
PMDP internships are designed to be challenging and developmental. Interns are given the opportunity to work on a wide variety of projects during the course of the summer. Some examples of these projects include:
  • A group capstone project, which is a summer long project that culminates with a final presentation to senior management and other members of our Personal Insurance and Select Small Commercial businesses
  • Quantifying the impact of pricing and underwriting decisions
  • Analyzing the marketplace first-hand through competitor and industry data
  • Participating in the negotiation of pricing decisions with various distribution channels, including conversations with sales/agencies in the field
  • Researching and analyzing industry trends, competitor activity and regulatory changes
  • Developing and implementing underwriting guidelines and product coverage enhancements
  • Collaborating with Finance, Actuarial, Field Sales, Research and Development, Risk Management, Claim, and other areas of the Product Management Organization
Participating in introductions of new products and enhancements to multi-state territories

Education, Work Experience & Knowledge
Travelers is a business leader in providing products and services to a variety of clients. Consistently meeting customer needs gives us the edge in the insurance and financial industry. To maintain that edge, we seek persons with the following qualifications:
  • A cumulative GPA of 3.2 or greater is preferred
  • Demonstrated leadership skills
  • Involvement in extracurricular activities is preferred
  • Experience with Microsoft Excel, PowerPoint, Office and Access is a plus
  • Work availability from early-June through August (10-12 weeks)
  • Ideal candidates will have the ability to deal with concepts and complexity comfortably, and exhibit the ability to drill down on information and draw conclusions
  • Legally eligible to work in the United States on a permanent full-time basis
  • Suggested majors
  • Finance
  • Economics
  • Actuarial Science
  • Mathematics/Statistics
  • Risk Management and Insurance
  • Engineering
Other Business Related Majors

Licensing or Certificates
Job Specific & Technical Skills & Competencies

Equal Employment Opportunity Statement
Travelers is an equal opportunity employer.
To apply for this position please CLICK HERE

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.