State Farm Research Center at the University of Illinois

State Farm Insurance Companies

Ranked #31 within Fortune 500 Ranked #2 in Illinois (Boeing #1) #1 US Auto insurer since 1942 – 17.7% market share at end of 2005 – Over 40 million Auto policies #1 US Home insurer since 1964 – 22.2% market share at end of 2005 – Over 25 million Fire policies – Leading insurer of pleasure boats Industry Ranking

No. 1 US insurer of cars and homes – 1 out of 5 cars is insured with State Farm 76,000 employees and 17,000 agents Products include: – Personal/Commercial Property Insurance – Life and Health Insurance – Bank Products – Mutual Funds Headquartered in Bloomington, IL About State Farm

Zone Structure

State Farm Research Center 2001 S. First Street Champaign, IL

Extend current research efforts Collaborate with faculty and students Create real-world educational opportunities Research Center Purpose

Property & Casualty Actuarial –Responsible for pricing of insurance Strategic Resources –Includes corporate research functions Systems –Information Technology Partnering Departments

On-Campus location in south Research Park The Space

13 full-time employees 65 student interns – Fall ‘07 Corporate affiliates SFRC Staff

10-15 hours/week Flexible work hours Pay starts at $14/hour Easy campus access Academic Semester Internships

Full-time Competitive pay rates Broader range of experiences –innovationRED project assignment –Speaker Series –Corporate Visits –SPEAK Program –Social Activities Summer Semester Internships

Actuarial Science Statistics Finance Computer Science Business Economics Speech Comm etc. Student Backgrounds

Consumer Research –Trends, Issues –Focus Groups Competitor Research Statistical Studies –Sales Forecasting –Text Mining Dangerous Intersections Partnering with other departments –Marketing –Ad Services Student Projects - SR

Student Projects - Actuarial Ratemaking using GLM Auto Competitive Analysis Tool Prototype Household Predictive Model Testing new modeling techniques Dynamic Financial Analysis Auto Territory Reviews

Reports on New Technologies –Web Server –RFID Network Capacity Models Model-Based Testing Security Research Student Projects – Systems

Send resumes to: Now recruiting for: –Spring and summer internships To Apply sfresearchcenter.com