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Job details

Underwriting Intern

Company Details

 

 

With over 35 years of proven expertise in the workers' compensation industry, Key Risk delivers innovative and responsive solutions that provide our clients the freedom to do what they do best. Offering guaranteed cost options to employers nationwide, Key Risk focuses on delivering products and services within specialized verticals to reduce workers' compensation exposures and deliver industry-leading results.

 

All products and services are distributed through appointed insurance agents and brokers. Key Risk is a member company of W. R. Berkley Corporation, whose insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong), by S&P.

 

For further information about Key Risk please visit www.KeyRisk.com

 

The Company is an equal employment opportunity employer.

Responsibilities

Key Risk’s internship program immerses you in workers’ compensation insurance business, provides you with the opportunity to showcase and hone your skills, enhances your business knowledge and professional growth, encourages networking and offers assignments/projects in specific areas of study. 

  

Key Risk seeks creative, curious, innovative and entrepreneurial candidates for its internship and development program. The selected candidates will work hand-in-hand with the company’s senior leaders across a wide range insurance operation, claims and underwriting initiatives. 

 

Key Functions will include but not be limited to:

Key Risk Experience 

The program was developed to provide interns with a valuable, rewarding experience that connects the knowledge from academics with the reality of today’s insurance careers.  Interns then receive training about Key Risk’s products, distribution channel and company-specific business processes that will lay the groundwork for an intern’s comprehensive learning experience. Technical training along with access to work special projects specific to our Underwriting and Operations departments will be key in this role; which will also include exposure to our financial operations as well. Each intern will rotate through Underwriting and Operations to experience all aspects of insurance. 

 

Additional Experience 

The Key Risk internship and development program will include social activities aimed at building strong networking relationships with fellow interns and Key Risk staff. Activities may include management sessions, team-building, and volunteer/community service opportunities.  

  

Your Experience 

So what do you want your experience to be? At Key Risk, we’re dedicated to making your time with us unique and rewarding! Competitive pay, exposure to the complete business operation, real responsibility, fun activities, and full-time employment opportunities! 

 

Qualifications

  • Registered undergraduate student pursuing a major in risk management/insurance, law, business, actuarial science or related studies.
  • Participation in extracurricular and leadership activities.
  • Commitment to the duration of the ten week internship program.
  • Unrestricted authorization to work in the United States.
  • Must be available to work onsite at the High Point, NC office. 

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
What You Should Know About Underwriting Intern, Berkley

At Key Risk, located in Homewood, we are excited to announce an opportunity for an Underwriting Intern to join our dynamic team. With over 35 years of expertise in the workers' compensation industry, we pride ourselves on delivering innovative solutions that help our clients thrive. This internship is designed to immerse you in the fascinating world of workers' compensation insurance, where you’ll enhance your business acumen while collaborating with our seasoned leaders. Throughout the ten-week program, you will be exposed to various facets of our insurance operations, claims, and underwriting initiatives. You will receive specialized training on our products, gain insights into business processes, and actively participate in meaningful projects within our Underwriting and Operations departments. We truly believe in fostering an entrepreneurial spirit, so we seek creative and curious minds ready to learn and contribute. Our internship isn’t just about work; it’s also about networking and personal growth, featuring fun activities that build lasting connections with fellow interns and Key Risk staff. Whether through management sessions or community service opportunities, your experience at Key Risk will be unique and rewarding. Join us for competitive pay, real responsibilities, and the chance to pave your path towards full-time employment opportunities in the insurance industry!

Frequently Asked Questions (FAQs) for Underwriting Intern Role at Berkley
What are the responsibilities of an Underwriting Intern at Key Risk?

As an Underwriting Intern at Key Risk, you'll play a vital role in our workers' compensation insurance business. Your responsibilities will include participating in comprehensive training sessions that delve into our products and business processes. You’ll also work closely with senior leaders and gain hands-on experience in underwriting and operations. Key functions may involve assisting with special projects, conducting research, and analyzing data related to insurance risks.

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What qualifications are required for the Underwriting Intern position at Key Risk?

To qualify for the Underwriting Intern position at Key Risk, candidates should be registered undergraduate students pursuing degrees in risk management, insurance, law, business, actuarial science, or related fields. Participation in extracurricular and leadership activities is encouraged. Additionally, candidates must have unrestricted authorization to work in the United States and be available to work onsite during the internship program.

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What can interns expect from the Underwriting Internship program at Key Risk?

Interns at Key Risk can expect a robust learning experience designed to bridge academic knowledge with practical applications in the insurance industry. The program includes rotation through various departments to provide a holistic view of operations. Moreover, interns will engage in both technical training and networking activities, ensuring a fun and enriching environment that nurtures professional growth.

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How long does the Underwriting Internship at Key Risk last?

The Underwriting Internship at Key Risk lasts for ten weeks. This duration allows interns to fully immerse themselves in the company’s operations, gain substantial experience, and develop valuable connections with peers and industry professionals.

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Is there potential for full-time employment after the Underwriting Internship at Key Risk?

Yes, Key Risk is committed to nurturing talent, and successful interns may have opportunities for full-time employment following the completion of the internship. We value the contributions of dedicated interns and often consider them for permanent positions based on their performance during the program.

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Common Interview Questions for Underwriting Intern
What attracted you to apply for the Underwriting Intern position at Key Risk?

When answering this question, highlight your interest in the insurance industry and emphasize Key Risk's commitment to innovation and client service. Mention any specific aspects of the internship program, such as the opportunity to work with senior leaders and exposure to both underwriting and operations.

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Can you explain the significance of underwriting in the insurance industry?

Underwriting is crucial in the insurance industry as it involves assessing risks and determining the appropriate coverage for policyholders. A strong answer would include the role of underwriting in ensuring financial stability for insurance companies and how it impacts insurance pricing and availability.

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Describe a team project you've worked on and what role you played.

Provide a clear and concise account of a specific team project, emphasizing your role and contributions. Explain the results and what you learned from the experience about teamwork and collaboration, which is vital for the Underwriting Intern role.

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How do you prioritize tasks and manage deadlines?

Demonstrate your organizational skills by discussing a method you use to prioritize tasks, such as a to-do list or project management tool. Include an example of how you effectively managed a deadline in the past, which would resonate with the fast-paced environment at Key Risk.

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What skills do you believe are most important for an Underwriting Intern?

Highlight skills such as analytical thinking, attention to detail, effective communication, and teamwork. Explain how these skills are essential for understanding risk assessment and collaborating with others at Key Risk.

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How do you handle receiving feedback?

Discuss your openness to constructive criticism and provide an example of how you have used feedback to improve your work. This showcases your willingness to learn and grow, which is a desirable trait in an Underwriting Intern.

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What do you know about Key Risk and its services?

Research Key Risk’s offerings, such as workers' compensation insurance, and mention its commitment to innovation. Express your enthusiasm for contributing to a company with a solid reputation in the insurance industry.

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How do you stay updated with trends in the insurance industry?

Share specific resources such as industry publications, online forums, or professional networks where you gather information. This reflects your commitment to staying informed, which is essential for an Underwriting Intern at Key Risk.

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What are your long-term career goals in the insurance field?

Discuss your aspirations and how the Underwriting Internship at Key Risk aligns with your career path. Articulate how you hope to develop your skills and gain experience that will help you achieve your professional objectives.

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Can you provide an example of a challenging situation and how you resolved it?

Share a particular challenge you faced, focusing on the steps you took to overcome it and the outcome. This demonstrates your problem-solving abilities and resilience, traits valuable for any Underwriting Intern.

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TEAM SIZE
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HQ LOCATION
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EMPLOYMENT TYPE
Internship, on-site
DATE POSTED
April 19, 2025

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