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Product Intern

Location: Broomfield, Colorado, United States

Company: Marsh

Job ID R_042257-en

ICAT was founded in 1998 to provide catastrophe insurance coverage to business owners throughout the United States.  At ICAT we provide property insurance protection to homeowners and businesses located in hurricane and earthquake exposed regions of the United States. Although the scope of our business activities has broadened significantly over the years, we have remained committed to our original vision of being a highly specialized and disciplined underwriter of catastrophe insurance risk.  We now protect over 65,000 homes and businesses from the risks associated from a disaster, and remain committed to providing:  Industry-leading catastrophe expertise; Market-leading technology; Exceptional customer service; and Best-in-class claims handling with in-house claims authority

The Summer Internship Program is a unique opportunity to gain valuable knowledge, skills, and work experience in the field of catastrophe underwriting. During your internship, you will be placed in one of the following areas:  Product, Claims, or Underwriting Operations. You receive both instructor – led training and work alongside some of the brightest people in the industry.  Through hands on training experience designed to expose you to the most important aspects of our business, you will work directly with a project sponsor and your supervisor on a specific project and related assignments.  If you are ready to make a significant, join us and assume ownership of a project that serves a specific business need.  

Responsibilities may include (but are not limited too):

o    Learning about insurance markets, commercial property insurance, catastrophe insurance products and forms overview (earthquake, wind, hurricane, flood, all other peril), policy lifecycle, risk modeling, systems, and overview of ICAT’s business units.

o    Participating in instructor-led training; on-line courses, and shadowing ICAT employees.

o    Attendance at account review meetings and other meetings relevant to individual projects will further enhance learning opportunities.

o    Project work will focus on business processes such as inspections, losses, and the cost of doing business.  Interns will work with the project sponsor to determine scope, resources, and develop timelines for milestones.

o    Deliver a final presentation on the project, findings, and recommendations at the conclusion of the internship.

o    Underwriting, Claims or Product tasks and assignments will be tailored to intern’s project and career interests, schedule permitting.

What we look for in Intern candidates

o    Fully matriculated student with Junior class standing, progressing towards a bachelor’s degree in RMI, Math, Statistics, or other related field

o    Minimum GPA of 3.0

o    Availability to work June 2018

o    Excellent organizational, interpersonal, verbal and written communication skills

o    Superior analytical, mathematical skills and strong work ethic

o    Ability to work in a fast paced team environment with rapidly changing priorities and demands

o    Microsoft Office proficient and a strong command of Microsoft Excel

o    Work is generally scheduled Monday through Friday with some evening, weekend and holiday hours.

ICAT is part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients.

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

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