Insurance Product Development Intern

Description

Who are we?

Western National Insurance Group is a private mutual insurance company with over 120 years of experience serving customers' property-and-casualty insurance needs in the Midwestern, Northwestern, and Southwestern United States. Known as “The Relationship Company®,” we define success as a measure of the relationships we have built over time. In everything that we do, we know that delivering a friendly and helpful interaction makes for a better experience for everyone involved. That is the power of “nice.” At Western National, nice is something we work to bring to every person and organization with whom we partner and serve.

Western National Insurance is seeking a Product Development Intern to join its Product Development team as part of the Summer 2027 Internship Program. This opportunity is well suited for students who enjoy analytical problem-solving, working with data, and understanding how insurance products are designed, maintained, and improved. Students pursuing Actuarial Science, Statistics, Mathematics, Data Analytics, Economics, Finance, Business, Insurance, or a related field are encouraged to apply.

Does this interest you?

• Are you interested in applying quantitative and analytical skills to real-world insurance products and business questions?
• This role provides hands-on experience with product research, data analysis, forms, rates, rules, manuals, regulatory filings, and cross-functional insurance work.

Western National Internship Program Summary:

Western National provides a robust internship program designed for individuals aiming to acquire valuable experience in the insurance industry. Interns receive practical project experience, professional development opportunities, exposure to multiple areas of the company, relationships with employees and fellow interns, and opportunities to participate in impactful volunteer initiatives within the community.

Position Summary:

As a Product Development Intern, you will support the work that helps Western National build, maintain, and improve personal and commercial insurance products. This is a Product Development role, not an actuarial position, but it may be a strong fit for students with actuarial, statistical, mathematical, or other quantitative backgrounds.

• Assist with compiling, organizing, validating, and analyzing information used in Product Development projects.
• Review and update forms, rates, rules, manuals, reports, templates, and other product materials for accuracy and completeness.
• Identify and/or analyze straightforward trends, comparisons, and patterns and summarize findings for the Product Development team.
• Research insurance requirements, market practices, and product information; identify questions and recommend practical solutions.
• Collaborate with Product Development and partners in Actuarial, Underwriting, Claims, Compliance, Operations, Technology, and Analytics.

Requirements

What You’ll Need to Succeed:

• Currently pursuing a degree in Actuarial Science, Statistics, Mathematics, Data Analytics, Economics, Finance, Business, Insurance, or a related field preferred.
• Interest in learning how insurance products are structured, priced, documented, regulated, and administered.
• Strong analytical problem-solving skills and the ability to organize and interpret information.
• Experience with Microsoft Office products, especially Excel, Word, and related data or document tools.
• Strong attention to detail and accuracy.
• Well-developed written and verbal communication skills.
• Ability to prioritize work, meet deadlines, follow established procedures, and learn new systems.
• Ability to work onsite at our corporate office in Edina, MN.

Compensation Overview:

The base pay for this position will be $20.00 per hour.

More About Western National Insurance Group:

Western National has long been known as “The Relationship Company®” and caring for our employees is part of that relationship commitment. We value connectiveness, empowerment, and accountability, and we believe that our employees are our biggest asset.

Currently ranked as the 41st largest private company by revenue in Minnesota (Minneapolis/St. Paul Business Journal), Western National has earned accolades year-over-year as an employer of choice and garnered multiple awards for wellness in the workplace. Western National has also been named a Top Workplace by the Star Tribune for consecutive years. In addition, the Group is consistently recognized as a Ward’s 50 property-and-casualty insurance company for its outstanding financial results.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Western National provides employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Salary Description

$20/hour