Actuarial - Internship - Summer

Actuarial & Strategy Intern – Integrated Consulting Group (ICG)

Practice: Integrated Consulting Group

ICG Overview: ICG combines actuarial expertise with strategy consulting to help insurers and asset managers solve complex challenges across finance, operations, product strategy, and M&A. Through its rotational model, ICG works across management consulting, Life, Health, and P&C practices; interns typically gain hands‑on experience in one or two of these areas during the summer.

ICG Locations: Chicago, New York

• Support consultants and actuaries in analyzing business problems using data, research, and structured problem‑solving approaches
• Conduct industry and market research to help inform client recommendations
• Assist in developing presentations, financial analyses, and other client deliverables
• Collaborate with project teams to support engagement execution and learn consulting best practices

• Designing target operating models for finance and actuarial functions
• Supporting the launch of new or “greenfield” insurance businesses
• Developing corporate strategies across product, distribution, and operations
• Driving large‑scale transformation across actuarial, finance, and technology

• Class of 2028 or 2029
• Currently pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business‑related field
• Minimum GPA of 3.5
• Interest in the CAS, SOA, or CFA track
• Strong interest in both strategy consulting and actuarial applications
• Strong analytical and problem‑solving skills, including the ability to navigate ambiguous or strategic business challenges
• Excellent written and verbal communication
• Ability to manage multiple priorities in a fast‑paced environment
• Collaborative mindset with the ability to work independently
• Technical skills (preferred):
  Excel; familiarity with R, Python, SQL, SAS, or VBA

Health Overview: Advises health plans, providers, and regulators on pricing, risk management, and value‑based care using actuarial analysis and advanced analytics.

Health Locations: Atlanta, Chicago, Milwaukee, Philadelphia, New York, San Francisco, Washington, D.C.

• Support actuarial analyses related to pricing, forecasting, and financial performance
• Work with healthcare datasets to identify trends, summarize findings, and develop insights
• Assist in preparing client‑ready presentations, exhibits, and analytical summaries
• Collaborate with consultants and actuaries to support project delivery and client service

• Medical and pharmacy claims analysis and benchmarking
• Market and regulatory impact assessments
• Medicare and commercial rate development and reviews
• Medicare advantage bid development and commercial pricing

Life Overview: Focuses on life, annuity, and long‑term care work, including pricing, valuation, and actuarial model transformation.

Life Locations: Atlanta, Boston, Charlotte, Chicago, Hartford, New York, Seattle

• Support actuarial modeling and analysis related to valuation, pricing, and financial projections
• Assist with data analysis, assumption reviews, and sensitivity testing exercises
• Research industry trends and emerging topics to support client engagements
• Prepare analyses, exhibits, and presentation materials for internal and client‑facing discussions

• Life and annuity product development, pricing, and valuation
• Assumption setting and model methodology review
• M&A due diligence and financial projections
• Model transformation, conversions, and long‑term care analytics
• Cloud implementation, software development, and data engineering projects for actuarial teams

P&C Overview: Advises insurance companies, corporations, captive insurers, healthcare systems, and regulators on risk financing, reserving, pricing, and financial forecasting through actuarial analysis and data‑driven insights.

P&C Locations: Atlanta, Charlotte, Chicago, Houston, Los Angeles, New York, San Francisco

• Support actuarial analyses related to…