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Actuarial Summer Intern
Company : Nautilus Insurance Company
Location : Urbandale, IA
Job Type : Intern
Date Posted : 11 January 2026
Company Details
Rated Best Places to Work 2024 by Business Insurance, Continental Western Group is a regional property casualty insurance company offering commercial products and services through independent agents in the Midwest. CWG provides unique value through the service provided by our experienced group of employees and independent agents. Since 1886 - Strong, Local and Trusted.
As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions. W. R. Berkley Corporation, and all member insurance companies, are rated A+ (Superior) by A.M. Best Company, and carry Standard & Poor’s Financial Rating of A+ (Strong).
This role will be based in our Urbandale, IA office 4 days a week on site and one day remote.
#LI-hybrid, #LI-LD1
The Company is an equal employment opportunity employer.
Responsibilities
As an Actuarial Intern with Continental Western Group (CWG), you will be immersed in a variety of insurance business fields, test your skills, enhance your business knowledge, network and be offered assignments/projects in specific areas of study. The program was developed to provide you with a valuable, rewarding experience and help connect the knowledge from academics with the reality of today’s insurance careers.
What you can expect
The CWG internship and development program seeks high potential students that demonstrate creativity, curiosity, innovativeness, entrepreneurial spirit and appropriate risk taking. The program provides access to the company’s senior leaders while also introducing a broad overview of insurance operations in claims, marketing, underwriting, analytics and the independent agency system.
Learn the Fundamentals
The first phase of the CWG internship includes an introduction to CWG and the W. R. Berkley Corporation including the historical path of our 100-year-old company. General training about CWG’s product, distribution channel and company-specific business processes will lay the groundwork for an intern’s comprehensive learning experience. Technical training necessary to perform analysis and complete program projects will follow the general training. Sessions focused on developing innovation, creativity, risk taking, and entrepreneurial drive will be held regularly for all program interns.
Make an Impact
Each intern may be assigned to a business area within CWG such as Claims, Underwriting, Actuarial, Marketing or Finance. After completing the general rotational training, interns will manage project responsibilities specific to the Actuarial department.
Create Connection
The CWG internship program will include social activities aimed at building strong networking relationships with fellow interns and CWG staff. Activities may include CWG key management sessions, team building, and volunteer/community service opportunities.
At CWG, we’re dedicated to making your time with us unique and rewarding! Competitive pay, exposure to the complete business operation, meaningful responsibility, fun activities, and full-time employment opportunities!
Qualifications
What you need to have:
- Must be a registered undergraduate junior or senior student pursuing a major in business, math, risk management, actuarial science, or related studies.
- Participation in extracurricular and leadership activities.
- Commitment to the duration of the 10-12 week internship program.
- Unrestricted authorization to work in the United States.
- Must be available to work onsite at the Urbandale, IA Campus.
We will be reviewing applications after the holiday season.
Please note, internships are planned for employment start dates in Summer 2026.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.Sponsorship Details
Sponsorship not Offered for this RoleRelated Jobs
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Frequently asked questions
Urbandale's insurance sector, including companies like Nautilus Insurance Company, is growing steadily, creating moderate demand for actuarial summer interns. Given the regional focus and specialized skill set required, candidates with strong analytical backgrounds and local availability tend to stand out in this competitive market.
While formal actuarial certifications like SOA exams enhance candidacy, many Midwest employers, including Nautilus, value progress toward exams and relevant coursework in actuarial science or mathematics. Supplementary skills in risk management and data analytics also improve internship prospects in this region.
Interns typically engage in data analysis, risk assessment, and support for underwriting teams. They might assist with actuarial modeling projects and gain exposure to claims analytics. This hands-on experience bridges academic theory with daily insurance operations within a supportive, hybrid work environment.
Strong quantitative abilities, proficiency in statistical software, and problem-solving aptitude are critical. Additionally, clear communication and curiosity about insurance business processes help interns effectively contribute to multi-departmental projects and maximize learning opportunities.
Actuarial summer intern roles in Urbandale generally offer compensation ranging from $18 to $25 per hour, depending on education level and relevant experience. Nautilus Insurance Company provides competitive pay aligned with regional standards and internship responsibilities.
Nautilus encourages interns to take ownership of specific actuarial assignments after foundational training. Interns collaborate with senior actuaries and cross-functional teams, contributing to real business challenges while developing technical and professional skills in a hybrid onsite and remote setting.
Interns benefit from Nautilus's legacy as a trusted regional insurer with strong ties to the Midwest market. The exposure to diverse insurance functions, leadership access, and a culture fostering creativity and entrepreneurial thinking create a valuable internship experience.
Since the role requires onsite presence four days a week in Urbandale, applicants must be able to commute or relocate. While remote work is limited to one day weekly, the hybrid setup balances hands-on learning with flexible scheduling.
Successful interns often transition into full-time positions, advancing toward actuarial credentials and specialized roles in pricing, underwriting, or analytics. The internship's comprehensive exposure equips students to navigate various insurance career trajectories effectively.
Beyond technical training, Nautilus organizes social activities, leadership sessions, and community volunteering to foster strong professional connections. This approach enhances interns' industry insights and builds relationships crucial for long-term career success.