1. Actuarial Internships Betsy DePaolo, FCAS, MAAA Vice-President & Actuary Travelers Property Casualty

2.  Actuarial Internship Elements  Recruiting  Benefits of Internship Program

3. Actuarial Internship Elements Work Experience NetworkingMentoring Development Curriculum

4. Actuarial Internship Elements 12 Week Summer Program 11 participants in 2002 6 Seniors (class of 2003) 4 Juniors 1 Sophomore Coordinated as part of Company-wide Leadership Development Internship Program (95 total interns)

5. Work Experience Real actuarial projects - not just copying/filing/data input Study of Homeowners Brush Fire exposure in Southern California Study of Personal Auto Deductible Credit Factors Construction Market ELPF review Small Market Construction Defect analysis Personal and Commercial Rate Filings

6. Development Curriculum Weekly presentations by senior members of actuarial and finance communities: Introduction to Travelers What is “IT” Understanding Insurance Products Claim Department Reinsurance Personal Lines Commercial Lines

7. Networking Senior Management Exposure Individual meetings set up by intern coordinator Development Curriculum Social Events “Actuaries don’t work in a vacuum” - desire to integrate with other disciplines as early as possible

8. Social Events Welcome Pizza Luncheon Welcome Reception (with Sr. Mgmt) Intern Picnic Riverboat Cruise Volleyball Whirlyball Six Flags City-wide Scavenger Hunt

9. Mentoring Each participant is assigned a mentor Mentors are typically actuarial students with 2-3 years experience Mentors are called upon for all types of questions Career Advice Exam Preparation Where’s the closest mall?

10. Recruiting for Interns How do student hear about Travelers? Career Fairs Information Sessions Website

11. Recruiting for Interns Travelers “Key” Schools Bryant CollegeCornell University Howard UniversityLafayette College Notre DamePenn State SUNY Stony BrookSUNY Geneseo Temple UniversityUniv. of Connecticut Univ. of Massachusetts

12. Recruiting for Interns Interviews On Campus during full-time recruitment On-site for local candidates Phone interviews

13. What does an intern gain from the experience? Build a Foundation Introduction to: Company Corporate Culture Actuarial Profession City of Hartford

14. Build a Foundation Business Experience Actuarial Experience Exam Support Workshops: Presentation SkillsDress for Success Resume WritingBusiness Etiquette Interviewing Techniques What does an intern gain from the experience?

15. What does the company gain from the experience? Investment in the Future 12 Week Interview Assess Analytical Skills Expand Computer Skills (Excel, Access, etc) Ability to work with others Communication Skills

16. What does the company gain from the experience? Investment in the Future Real Actuarial Work Completed Management Training for Actuarial Students Committed Future Employees

17. Final Thoughts Commitment to Program Expect Ups and Downs Don’t Expect to Hire Every Intern Make Interns a Part of the Community Remember the Benefits