Product Intern


WE OFFER

Empower yourself. Start building your career with a team of Insurance Experts!

American Modern is widely recognized as a leader in this “specialty market.” Through strong relationships with our agent partners, we protect classic cars, motorcycles, boats and yachts, and, in the residential sector, rental property (short-term and 12-month), vacant property, owner-occupied homes, vacation homes, and manufactured homes. American Modern employs nearly 1,200 and has been recognized several times as a “Top Workplace” by the Cincinnati Enquirer, most recently in 2022.


Why intern with AMIG?
  • Gain hands on experience over 12 week summer program
  • Network with CEO, senior leaders, experienced teammates, and other interns to develop lasting professional connections
  • Flexibility in a hybrid world
  • Opportunity to gain professional and personal development
  • Participate in community outreach
  • Potential Full-Time career opportunities after graduation.
Product’s mission is to design innovative insurance products that are profitable, competitive, and compliant through intelligent collaboration and commitment to superior quality. We strive to achieve strategic growth for our company, provide valuable partnership to our agents, and offer peace of mind to our insureds. Within Product Management, we have two primary divisions: Product Development and Regional Product Management. Our Regional Product Management staff work with other stakeholders to map out a strategic direction for our products. We also help the Regional Teams determine and execute specific growth strategies by state and product. The Product Development staff converts those strategies and tactics into product and system requirements that can be programmed and filed with state regulators to meet customer needs. With a focus on quality, accuracy and efficiency, this group ensures that our filings are complete and our programmed rates and rules are compliant.

Job Responsibilities:
  • Create and manage state regulated changes for the department
  • Work with Claims and forms creation teams on intent of coverage language
  • Analyze proposed rating structure ensuring marketing alignment and impact on retention
  • Utilize knowledge of actuarial concepts when analyzing proposed rating structures or marketing intelligence
  • Clearly support new rating and coverage initiatives to Departments of Insurance to ensure quality and compliance
  • Utilize project management skills to ensure quality delivery of new/revised products to internal partners and external market
  • Ensure internal quality and compliance through training, process improvement initiatives and peer reviews
  • Initiate change using the product development process lifecycle
  • Analyze market data such as rate structure and coverage offerings of competitors
  • Assist in innovation design of system flow, coverage creation, rating structure, form language, underwriting rules and print output
  • Document and communicate revisions to internal partners, training teams and external partners

WE EXPECT

Qualifications:
  • Obtaining a degree in Math, Finance, or Business background
  • Knowledge of Excel, MS Office Suite applications, and computer systems.
  • Knowledge of Excel, MS Office Suite applications
  • Strong analytical abilities including mathematics and statistical concepts.
  • Local candidates preferred

    At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

    We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
 

American Modern is a widely recognized, national leader in the specialty insurance business. With close to 50 years of experience in the manufactured housing insurance sector, the company delivers specialized products and services for residential property and the recreational market. One of our newest lines is pet health insurance. The company is headquartered in suburban Cincinnati, Ohio.

American Modern is licensed in all 50 states and offers insurance products through a number of property and casualty companies which serve more than 1.7 million policyholders. As part of its parent company, American Modern’s companies are rated A+ (Superior) by the A.M. Best Company an independent analyst of the insurance industry, and is also a Ward’s 50® Top Performer another well-regarded industry standard of stability and excellence.

American Modern joined Munich Re as a key part of the world reinsurance leader’s North American insurance operations in April 2008. Munich Re has approximately 47,000 employees in over 50 locations throughout the world and operates in all lines of insurance. It is among the top 100 companies on the Forbes Global 500 list.