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Published byShannon Chambers Modified over 9 years ago
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State Farm Research Center at the University of Illinois
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State Farm Insurance Companies
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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
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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
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Zone Structure
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State Farm Research Center 2001 S. First Street Champaign, IL
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Extend current research efforts Collaborate with faculty and students Create real-world educational opportunities Research Center Purpose
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Property & Casualty Actuarial –Responsible for pricing of insurance Strategic Resources –Includes corporate research functions Systems –Information Technology Partnering Departments
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On-Campus location in south Research Park The Space
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13 full-time employees 65 student interns – Fall ‘07 Corporate affiliates SFRC Staff
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10-15 hours/week Flexible work hours Pay starts at $14/hour Easy campus access Academic Semester Internships
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Full-time Competitive pay rates Broader range of experiences –innovationRED project assignment –Speaker Series –Corporate Visits –SPEAK Program –Social Activities Summer Semester Internships
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Actuarial Science Statistics Finance Computer Science Business Economics Speech Comm etc. Student Backgrounds
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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
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Student Projects - Actuarial Ratemaking using GLM Auto Competitive Analysis Tool Prototype Household Predictive Model Testing new modeling techniques Dynamic Financial Analysis Auto Territory Reviews
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Reports on New Technologies –Web Server –RFID Network Capacity Models Model-Based Testing Security Research Student Projects – Systems
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Send resumes to: SFRC@statefarm.com Now recruiting for: –Spring and summer internships To Apply sfresearchcenter.com
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