Data Analytics Intern (Pricing Analyst with SQL) – 2024 Summer Internship Program

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Verisk’s Summer Internship Program is July 1st  – September 30th . This is a paid position and you can expect to work 40 hours/ week. Participation in the internship program requires that you are located near your assigned office as the program is a hybrid work schedule, requiring you to be in the office at least 2 days per week.

Verisk is looking for Interns to support our large team of actuaries and data analytics experts, who create innovative analytic products based on our unique database of over 21 billion records spanning more than twenty lines of insurance.

You will support Pricing Data Analytics Team members in creating a wide variety of ISO’s analytic solutions including actuarial products (for example loss costs and rating factors; analysis of trends impacting premiums and claims); analytical data management, including smart data quality analytics, data aggregations provided to US state insurance regulators and analytic research & development.

A successful candidate will possess technical and mathematical skills, to manipulate data and derive analyses. Most important, though, is a sense of inquisitiveness about data, and the ability not just to find patterns in data, but to also understand what they mean.

Verisk values diversity in skillsets and encourages candidates with various backgrounds. Our teams are segmented, with certain teams heavily relying on SQL and Excel for data analysis and management. Intern placements will be made based on their proficiency in these tools, ensuring they contribute effectively to teams that match their skill set. Highlight your proficiency in SQL and Excel in your resume to streamline the team allocation process

What will you do?

• Review the quality of data provided by insurance companies, both in transactional detail and in aggregate, and help companies to correct errors.
• Understand and support our business processes, and recommend improvements in data management, error identification, quality control, process automation, or analytic techniques.
• Create, modify and execute computer programs to extract, transform and summarize data, as input to derive analyses and reports.
• Support strategic initiatives associated to cloud computing, by helping to migrate code, data and processes, and reconciling results against existing procedures.
• Support to create clear and easy-to-understand reports. Present your analyses, ideas, progress and results to internal manager and colleagues. Support a high-performance collaborative culture. Participate in peer-review with colleagues on an ongoing basis to learn, teach, and ultimately, produce high quality results.

What will you learn?

• The useful technics and tricks how to manipulate and work with a large dataset (>1,000,000 rows).
• How to use your technical skills in practice: how to share the work, create clear codes, how to cooperate with other business partners and manage deadlines.
• Foundations of Business Intelligence & advanced data analytics tools and project management techniques around them (we provide necessary materials and dedicated support for you).
• The structure of insurance datasets & basic actuarial concepts.

Qualifications

• Enrolled in last year of Bachelor’s degree or Master’s degree or recent graduates with a major in Finance, Mathematics, Statistics, Economics, Risk Management or related discipline 
• Some experience in quantitative and qualitative data analysis, knowledge of SQL is a must. 
• Technical background should include a working knowledge of MS Office applications (especially intermediate knowledge of Excel) and an understanding of computer programming concepts.
• Fluency in English is required.
• Ability to work independently and as part of a team.

Not required but nice to have:

• Data visualization software such as Power BI, Tableau, others.
• Using VBA to automate tasks in Microsoft Office.

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you’ll have the chance to use your voice and build a rewarding career that’s as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran’s status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

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