Insurance Product & Pricing Internship Program - Actuarial Track

Why Join GEICO?

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities.

 

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive on relentless innovation to exceed our customers' expectations while making a real impact on local communities nationwide.

 

Founded in 1936, GEICO is a member of the Berkshire Hathaway family of companies and one of the largest auto insurers in the United States. When you join our company, we want you to feel valued, supported, and proud to work here. That's why we offer the GEICO Pledge: Great Company, Great Culture, Great Rewards, and Great Careers.

Your Impact at GEICO

Do you love to solve problems? Do challenging analytical questions keep you up at night? Are you looking to learn more about a career focused on development, intellectual growth, with ample opportunity for upward mobility? We are looking for bright and driven future college graduates to join GEICO’s Actuarial Track of the Product & Pricing Internship Program. 

The Pricing track of the Product & Pricing Internship Program will provide hands-on experience in a challenging, interesting, and rewarding environment. Pricing is essential to GEICO’s continued success as one of the nation’s leading auto insurers. Actuarial Intern projects consist of determining rates for our various insurance products, analyzing and projecting drivers of loss trends, supporting the rollout of new insurance products, and much more! Your work will inform a wide range of critical business decisions. 

During your paid 10-week summer internship, you will have the opportunity to directly impact GEICO's growth and profitability by working alongside pricing and state management teams on various projects and analysis. From day one, your work will have an impact, forming the basis for truly transformative solutions! 

How You'll Make a Difference

 

Bustiness Impact:

• Work on actuarial projects such as rate reviews, filings, loss development and trend analysis, and ad hoc analyses which directly impact our company and customers. 

Analysis and Stakeholder Communication:

• Develop and present analysis and proposals to pricing and state management leadership and stakeholders.  

Technical Skills and Training:

• Gain valuable real-world experience using various technical applications such as Excel, R, and Power BI.

• Participate in insurance, business, pricing, actuarial, and technical trainings. 

Business Exposure and Internship Experience:

• Be introduced to GEICO’s business objectives and initiatives through active participation in internship forums and departmental meetings. 

• Participate in social and networking events.

• Meet regularly with State Product Management, Pricing Actuarial, and Senior Leaders in one-on-one mentor meetings 

• Have an opportunity to interview for a full-time position at the completion of the internship.

 

What We're Looking For

Experience & Qualifications:

• Currently pursuing a Bachelor's or Master’s degree in Math, Statistics, Actuarial Science, Economics, Business, Data/Business Analytics, or other relevant quantitative fields of study with expected graduation by May 2028.

• Cumulative GPA of 3.0 or higher (Please upload ALL transcripts as part of the application process) 

• Must live within commutable distance from our Bethesda, MD office and work a hybrid schedule, including working from the office three to four days per week.

Core Skills:

• Proven analytical, problem-solving, and decision-making abilities 

• Highly effective communication skills 

• Intermediate skills in Excel

• Basic proficiency with data analysis software such as R, SQL, Python, or Power BI

• Self-driven, motivated, and leadership potential 

• Ability to handle multiple concurrent priorities, providing accurate and timely results

• Intellectual curiosity to learn and ability to ask insightful questions

• Effective time management, attention to detail, and organizational skills

 

Annual Salary

$26.46 - $41.21

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

 

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge:

Great Company: Protecting customers through life’s twists and turns with innovation and integrity.

Great Careers: Personalized development programs, mentorship, and certification assistance.

Great Culture: Inclusive and collaborative culture rooted in shared success.

Great Rewards: Competitive pay, benefits, and flexibility to support your well-being and future.

 

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

 

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.