Anthony Reinhard
Class Year: 2015
Major: Actuarial Science
Hometown: Canton, OH
Internship: Progressive Insurance
Location: Mayfield Village, OH
Internship Responsibilities: I had the opportunity to complete a 12-week paid internship at
Progressive Insurance, a leading property & casualty insurance company,
located 20 minutes from downtown Cleveland. My internship was in the Pricing
department of Progressive's Special Lines business area. My department was
responsible for maintaining adequate premium rates for all of Progressive's
non-auto insurance products across the country. These products included
motorcycles (Progressive is the nation's top insurer of motorcycles), boats,
RVs, travel trailers, and snowmobiles.One of the major projects I
completed during my internship was analyzing the rate adequacy of Progressive's
snowmobile policies. Snowmobile is a small book of business that is often
treated the same as motorcycle business. My final analysis showed that our
overall rates for our snowmobile policies were likely higher than they needed
to be. In the future, my department will look to lower our snowmobile rates in
larger states in an attempt to undercut the rates of competitors.
What I Learned: I learned about the day-to-day work that is done in Special Lines
Pricing and other departments that complete actuarially-justified work. Over
the course of my internship, I connected with a variety of professionals and
complete meaningful work. I was also very impressed with the unique culture at
Progressive. Progressive has one of the world’s largest corporate art
collections that decorate each campus. It creates an environment that fosters
creativity and inclusion. I concluded my internship with a 10-minute
presentation about my summer in front of several hiring managers during my
final week. Two weeks after I left, I accepted a full-time position as an
Actuarial Analyst that will begin after I graduate.
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