15 Actuary Internships for College Students
- Stephen Turban
- 3 hours ago
- 11 min read
Have you ever wondered what actuarial work really looks like beyond classroom problem sets? For students interested in actuarial sciences, a field defined by analytical depth, modeling, and risk evaluation, internships are an important way to understand what actuarial work looks like in practice. Internships help you work with real data, observe how pricing and risk decisions are made, and see how actuaries collaborate with analysts, underwriters, and business leaders. Just as importantly, actuarial internships help you network with actuaries, analysts, and senior leaders across insurance, consulting, and financial services. These experiences help you improve your resume and signal readiness for both future internships and early-career roles.
To help with your search, we have 15 actuary internships for college students.
If you are looking for online paid internships, check out our blog here.
Location: Remote! You can work from anywhere in the world
Cost: Varies depending on program type
Program Dates: Multiple cohorts throughout the year, including Spring, Summer, Fall, and Winter
Application Deadline: Varies by cohort. Spring (January), Summer (May), Fall (September), and Winter (November)
Eligibility: Students who can work for 10-20 hours/week for 8-12 weeks. Open to undergraduates and gap year students!
Ladder University Internship Program is a selective, virtual internship program where you work with startups and nonprofits from around the world! The startups range across a variety of industries. As part of their internship, each student will work on a real-world project that is of genuine need to the startup they are working with, and present their work at the end of their internship. Interns work closely with their manager at the startup. Apply now!
Location: Allianz US Life, Minneapolis, MN
Stipend: Paid internship
Program Dates: May–August (12-week internship)
Application Deadline: Typically opens in early fall; deadlines vary, usually October–December
Eligibility: Undergraduate students majoring in actuarial science, statistics, mathematics, finance, or related fields; familiarity with actuarial concepts and progress toward SOA/CAS exams preferred
The Allianz Life Actuarial Internship for college students places you on actuarial teams where you work on pricing models, valuation tasks, experience studies, or risk analysis projects under the guidance of professional actuaries. You will be paired with an intern manager who provides one-on-one mentorship and regular feedback throughout the program. You gain hands-on experience working with tools commonly used in the field, such as Excel, R, SAS, or actuarial modeling platforms, while contributing to ongoing corporate projects. You’ll also collaborate with finance, data science, and risk management teams, giving you a broader view of how actuarial decisions shape insurance products. Along the way, you may provide presentations, join skill-building sessions, and participate in networking events with actuarial leaders.
Location: Lincoln Financial Group, Radnor, PA (hybrid program)
Stipend: Paid internship; housing assistance available for eligible students
Program Dates: June 1–August 7
Application Deadline: September–December (annual active recruiting period)
Eligibility: Rising juniors or seniors majoring in actuarial science, mathematics, statistics, economics, computer science, or related quantitative fields; GPA 3.0+; one or more SOA exams preferred; must be authorized to work in the U.S.
The Actuarial Internship Development Program at Lincoln Financial places interns on actuarial teams working across financial reporting, valuation, pricing, product development, and asset/liability management. You gain experience with real insurance product data and actuarial modeling tasks while learning how actuarial concepts influence business strategy. The program includes one-on-one coaching and structured mentorship, along with weekly technical workshops and speaker sessions led by actuarial professionals. You will also participate in community service activities, networking events, and an in-person Development Summit at the Radnor headquarters. The internship culminates in opportunities to share your project work and insights with peers and leaders, giving you valuable early professional exposure in the field.
Location: Massachusetts Mutual Life Insurance Company, Springfield, MA (with additional offices in Boston, MA)
Stipend: Paid internship (stipend/salary provided)
Program Dates: June–August (exact dates vary by year)
Application Deadline: Rolling; main recruiting period generally in the fall
Eligibility: Undergraduate students majoring in actuarial science, statistics, mathematics, economics, computer science, or related fields; progress on SOA/CAS exams preferred
The MassMutual Actuary Internship for college students places you on actuarial teams working on valuation, pricing, modeling, and financial analytics projects related to life insurance and retirement products. You gain exposure to senior actuarial leaders and receive guidance from full-time actuaries through structured mentorship and professional development sessions. The work typically involves using actuarial modeling tools, statistical software, and Excel-based analysis to support ongoing corporate initiatives. You collaborate with teams across finance, risk, and product development, giving you a broad understanding of how actuarial functions within a major insurer. Many interns also participate in projects with a defined deliverable and have opportunities to present their findings to actuarial managers.
Location: Everest Group, United States (various U.S. office locations)
Stipend: Paid internship
Program Dates: June–August (exact dates vary by location and year)
Application Deadline: Rolling; primary recruitment occurs in the fall
Eligibility: Undergraduate students majoring in actuarial science, mathematics, statistics, economics, data science, or related quantitative fields; strong analytical and programming skills recommended
The Everest Actuarial and Risk Management Internships give you an introduction to core actuarial functions across both reinsurance and insurance. Depending on your placement, you may work with pricing teams, catastrophe modeling units, enterprise risk management, or reserving groups. Your daily work often includes cleaning and organizing data, building or refining actuarial models, and supporting analytics used in underwriting and risk evaluation. You’ll collaborate closely with actuaries and modelers who guide you through technical tasks and explain how your work influences business decisions. Many interns contribute to ongoing modeling or pricing projects with clearly defined deliverables, and you’ll often have the chance to present your insights to team managers.
Location: Liberty Mutual Insurance, Boston, MA (with additional locations including Seattle, WA; Chicago, IL; Plano, TX)
Stipend: Paid internship
Program Dates: June–August (10–12 weeks; varies by location)
Application Deadline: Rolling; most recruiting occurs in early fall
Eligibility: Undergraduate students majoring in actuarial science, mathematics, statistics, economics, data science, or related quantitative fields; progress toward SOA/CAS exams preferred; strong programming and analytical skills recommended
The Liberty Mutual Actuarial Internship Program gives college students experience across pricing, reserving, modeling, and analytics in both personal and commercial insurance. As an intern, you’ll be paired with mentors from Liberty’s actuarial team for guidance and support. You’ll work on real actuarial projects such as developing pricing simulations, building catastrophe reserving models and contributing to profitability analytics, using tools such as Excel, VBA, SQL, or SAS. Many assignments have a measurable impact, including forecasting losses, analyzing exposure data, or creating pricing templates for emerging markets such as the sharing economy. The program ends with a presentation of your completed work directly to managers or senior leaders.
Location: Aon, multiple U.S. locations including Chicago, IL; Columbus, OH; Denver, CO; Bloomington, MN; Los Angeles, CA; Seattle, WA; Phoenix, AZ
Stipend: Paid internship ($25.00–$39.50/hour)
Program Dates: 10-week summer internship (exact dates vary by location)
Application Deadline: Recruiting begins in late summer; applications accepted until filled
Eligibility: Rising college seniors with a minimum 3.0 GPA; pursuing a degree in actuarial science, mathematics, statistics, or related quantitative fields; passing at least one SOA or CAS exam preferred; U.S. work authorization required
Aon’s Actuarial Internship Program gives you the option to choose among four distinct actuarial tracks: Retirement Consulting, Health & Benefits Consulting, Risk Consulting, and Reinsurance Actuarial Consulting. Depending on your selected path, you might work on pension valuations, health plan cost modeling, loss forecasting for P&C clients, or dynamic risk modeling for reinsurance transactions. Your day-to-day work typically involves data analysis, building financial projections, reviewing actuarial assumptions, and preparing client-ready reports or benchmarking studies using Excel and other analytical tools. The 10-week program includes weekly leadership spotlights, one-on-one mentorship, and structured development planning to strengthen your communication, technical, and analytical skills. Outstanding performers may be considered for Aon’s full-time Launch Program, an early-career development track that deepens actuarial training.
Location: Humana, Louisville, KY
Stipend: Paid internship; housing provided when on-site
Program Dates: 12-week summer internship (exact dates vary)
Application Deadline: Applications accepted in the fall before the summer internship
Eligibility: Undergraduate students pursuing actuarial science, mathematics, statistics, economics, or related fields; additional requirements vary by posting
Humana’s Actuarial Internship places you within one of 30+ actuarial departments involved in product development, pricing analysis, reserving, financial reporting, and other core actuarial functions. You’ll gain experience with both traditional actuarial work and non-traditional areas such as predictive analytics or cross-functional healthcare modeling. The program includes mentorship from actuarial teams and opportunities to observe how actuarial insights shape operational and financial decisions across Humana. You’ll also participate in professional development activities and have access to housing when the internship is conducted onsite.
Location: Lewis & Ellis, Plano, TX (remote or on-site options available)
Stipend: Paid internship ($20–$25/hour)
Program Dates: May 18–early August (includes 3-week training period)
Application Deadline: February 28
Eligibility: Undergraduate students or recent graduates; minimum GPA of 2.5; no actuarial exams required; U.S. work authorization and residency conditions apply
The Lewis & Ellis Actuarial Internship Program begins with a structured three-week training module that introduces you to insurance statistics, data handling workflows, and the firm’s actuarial processes. On completion of training, you’ll work on a primary actuarial project that is often tied to a government contract, allowing you to apply quantitative and analytical techniques to real deliverables with measurable business impact. Your work may include data analysis, model-related tasks, documentation, and collaboration with full-time actuaries, who’ll give you technical guidance and ongoing feedback. The program also allows interns to take on additional projects if the primary assignment is completed early.
Location: Florida Blue, Jacksonville, FL (on-site)
Stipend: Paid internship ($25–$34/hour); student housing provided
Program Dates: 12-week summer internship (exact dates vary)
Application Deadline: Typically accepts applications through the fall and winter
Eligibility: Full-time undergraduate students not graduating before fall; minimum 3.0 GPA; basic proficiency in Microsoft Excel; programming experience (SAS, SQL, VBA) preferred
The Florida Blue Actuarial Internship gives you experience in actuarial work across pricing, forecasting, research, and health plan analytics. As an intern, you’ll collect, validate, analyze, and report data to support different business units and ongoing product evaluations. You’ll work under the supervision of a dedicated manager, participate in seminars with actuarial teams, and contribute to real projects used in active analyses throughout the company. Your daily tasks will combine technical work, such as spreadsheet analysis and data modeling, with communication-oriented responsibilities such as preparing findings for team discussions. You will also present a final project to the entire actuarial department, giving you experience with professional actuarial communication.
Location: QBE North America, Sun Prairie, WI
Stipend: Paid internship; $18–$27/hour
Program Dates: June 1–August 7
Application Deadline: Rolling (typically September–March)
Eligibility: Full-time undergraduate student in Actuarial Science; must return to school after the internship; at least one SOA/CAS exam preferred; U.S. work authorization required.
QBE North America offers an actuarial internship where you work alongside pricing and financial reporting teams to support core actuarial functions such as reserving, reinsurance, modeling, and business planning. You’ll gain experience extracting and analyzing datasets, performing reconciliation checks, and applying actuarial concepts to real insurance challenges across property and casualty lines. The role also gives you hands-on experience with tools such as Python, R, SAS, and SQL, helping to strengthen your programming and analytical skills. This hybrid internship provides a structured environment to deepen your technical capability while contributing to real business analysis. The interns communicate their findings to both technical and non-technical staff regularly and deliver a final presentation to the broader actuarial and data science department.
Location: Remote (U.S.)
Stipend: Paid internship; $30/hour
Program Dates: June–August (12 weeks)
Application Deadline: December 21
Eligibility: Undergraduate or master’s student in a quantitative field; minimum 3.0 GPA; one CAS/SOA exam preferred; must be eligible to work in the U.S.; must be graduating between December –September .
This fully remote internship places selected college students in Mercury Insurance’s Products Organization, where you’ll work on pricing, product analytics, and complex insurance problem-solving across multiple business units. Over 12 weeks, you’ll collaborate with mentors, participate in Agile stand-ups, and develop a minimum viable product that you later present to the senior leadership. The work centers on quantitative analysis, programming skills in Python/R/SQL, and applying actuarial reasoning to real-world P&C insurance challenges. You also attend virtual lunch-and-learns with executives, team networking sessions, and cross-functional meetings that help you understand the broader business context behind your project work.
Location: Chicago, IL (Combined Insurance – a Chubb company; in-office 4 days/week)
Stipend: Paid internship; $18–$24/hour
Program Dates: June 1–early August (10-week, full-time schedule)
Application Deadline: Rolling; applications are reviewed on a rolling basis until positions are filled
Eligibility: Current undergraduate or graduate student (December or May graduates preferred) with a strong academic record (minimum 3.5 GPA), at least one actuarial exam completed (preferred), proficiency in Microsoft Office (especially Excel and Access), and ideally some exposure to SQL or actuarial software. Candidates must be local to the Chicagoland area and able to work on-site four days per week.
This 10-week internship program places college students on actuarial projects supporting supplemental accident, disability, health, and life insurance products, with work spanning pricing, assumption setting, experience analysis, reserving, modeling, and state filings. You’ll work with reserve calculations, learn to validate and interpret actuarial software output, and use tools such as Excel and Access to prepare analyses for management, auditors, and regulators. The role focuses on building problem-solving, analytical, and communication skills as you translate quantitative work into clear business insights. You’ll also collaborate with experienced actuaries and senior actuarial students, giving you a firsthand look at how an actuarial team operates inside a large carrier. By the end of the program, you’ll build a solid foundation in applied life and health actuarial work while exploring whether a long-term actuarial career in insurance is the right fit for you.
Location: Naperville, IL
Stipend: Paid internship (full-time, summer role)
Program Dates: Summer (roughly June–August; exact dates vary by year)
Application Deadline: Applications are reviewed on a rolling basis until filled
Eligibility: Rising sophomore, junior, graduating senior, or graduate student majoring in actuarial science or a related quantitative field; must be authorized to work in the U.S. with no current or future need for visa sponsorship.
The P&C actuarial internship at IAT has you supporting the actuarial team by preparing reports for month-end operations reviews, learning how rate development works, and contributing to special projects that tie directly into pricing and portfolio performance. You’ll get firsthand experience of how actuaries work with underwriting and finance, and how operational data flows into reserving, pricing, and performance monitoring. The role places a strong emphasis on analytical thinking, careful data handling, and clear communication of results to both technical and business audiences. If you’re exploring a long-term career path in property and casualty actuarial work, this internship gives you a solid early look at how an in-house actuarial team supports decision-making in a specialty insurer.
Location: Rolling Meadows, IL (interns placed across Gallagher offices nationwide)
Stipend: Paid internship
Program Dates: June 8–August 7
Application Deadline: Applications reviewed on a rolling basis
Eligibility: Rising sophomores and juniors with an expected graduation date between December and June; preferred majors include Risk Management & Insurance, Finance, Actuarial Science, Statistics, Economics, or Mathematics; preferred to be on the SOA exam track; must have unrestricted authorization to work in the U.S.
This actuarial consulting internship at Gallagher gives you a structured, 10-week “learning by doing” experience across the firm’s insurance, benefits, risk management, and reinsurance businesses. You’ll shadow actuarial consultants, sit in on client meetings, and contribute to project-based work such as financial monitoring reports, contribution strategies, and client-facing exhibits. Weekly training sessions and a national intern orientation help you build technical and professional skills alongside peers from offices across the country. You’ll also participate in regional and national case competitions, which sharpen your analytical skills and expose you to real brokerage and risk problems. Throughout the summer, you’re supported by local managers and teams, with a clear pathway to explore full-time analyst roles if you perform well.
One other option—the Lumiere Research Scholar Program
If you’re interested in pursuing independent research, consider applying to one of the Lumiere Research Scholar Programs, selective online high school programs for students founded with researchers at Harvard and Oxford. Last year, we had over 4,000 students apply for 500 spots in the program! You can find the application form here, check out students’ reviews of the program here and here.
Also check out the Lumiere Research Inclusion Foundation, a non-profit research program for talented, low-income students. Last year, we had 150 students on full need-based financial aid!
Stephen is one of the founders of Lumiere and a Harvard College graduate. He founded Lumiere as a PhD student at Harvard Business School. Lumiere is a selective research program where students work 1-1 with a research mentor to develop an independent research paper.
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