Innovation Management Internship - Summer 2024

Posted 2 Days Ago
Be an Early Applicant
Peoria, IL
Internship
Insurance
The Role
The Innovation Management Internship provides hands-on experience in analyzing industry trends, collaborating on product development, preparing presentations, and supporting innovation projects within the company, all while developing professional skills and networking with experienced professionals.
Summary Generated by Built In

About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. At RLI, we're always looking to hire and develop tomorrow's leaders. Our goal is to attract, develop and retain the best talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly and have an opportunity to excel. Our unique internship program is a paid, hands-on learning experience that allows students to gain practical industry knowledge, network with RLI professionals in their field of interest, develop and refine skills, and build confidence in their abilities. 

RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Our insurance subsidiaries are rated A+ “Superior” by AM Best company and A “Strong” by Standard & Poor’s. Check out our strong financial track record here.

Position PurposeUnder frequent supervision, gain a broad understanding of the RLI business through a real-world experience and on-the-job training.Principal Duties & Responsibilities

  • Assist in brainstorming and developing new ideas for products, services, and processes that align with the company’s vision and goals.
  • Conduct research and analysis on industry trends, competitor innovations, and emerging technologies to support the innovation team in identifying new opportunities.
  • Help with pilot programs for new concepts, products, or services.
  • Collaborate with teams to implement innovative solutions.
  • Contribute to the preparation of presentations and reports on innovation projects for internal stakeholders.
  • Support the innovation team in tracking key metrics and evaluating the success of implemented solutions.
  • Complete project- based assignments for other groups within in the Innovation Department such as Forms Design and Development, Policy Development, and Filing and Statistics
  • Work closely with experienced professionals, colleagues, and fellow interns to gain knowledge and develop team-building skills.
  • Attend planned education and social activities in order to gain an understanding of the RLI business as well as network.

Education & ExperienceRequires a high school diploma and college coursework with 0-2 years of experience in a related field or position.Knowledge, Skills, & Competencies

  • Ability to analyze and resolve basic issues.
  • Ability to clearly and effectively communicate with others.

Who We're Looking ForYoung professionals at RLI are some of the best and brightest in the industry. Our internships have been nationally recognized as a top 50 internship within the Insurance industry and was the highest rated company for providing high quality assignments. When recruiting the next generation of RLI employees, we look for candidates who have:

  • Critical thinking/analytic skills
  • Strong communication skills
  • Ability to work independently
  • Integrity and reliability
  • Technical accuracy

Internship Pay RatesWhen participating in an internship at RLI, salary is determined by the group that is being supported as well as relevant educational factors.

  • General Internship: $20/hour
  • IT & Underwriting: $22/hour
  • Legal: $25/hour
  • Actuarial: $22-$28/hour*

*Dependent on number of completed actuarial exams.
Our Application Process

  • For those who get through the initial review, someone from our recruiting team will reach out for an initial phone call.
  • Qualified candidates will receive an invitation for first-round interviews with the team (could be in-person or virtual depending on circumstances).
  • Some internships may require a second-round interview in a similar format to the initial interview.
  • If an offer is received and accepted, the final step is completing a brief background check consisting of criminal check, education verification, and reference.
  • Typical intern hours are dependent on the time of year that an individual is working for RLI. 10-15 hours/week during the school year and 30+ hours/week during the summer.

Diversity & InclusionRLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.

The Company
HQ: Peoria, IL
1,129 Employees
Hybrid Workplace
Year Founded: 1965

What We Do

RLI is a U.S.-based specialty insurer that serves niche property, casualty and surety markets. We provide peace of mind to the customers we serve by safeguarding their assets and helping them manage risk. We hire smart, ethical people, make them owners of the business and give them the freedom to succeed. These are the principles that drive our success, and they’re the reasons we have been successful for more than 50 years.

We believe in a different way of doing business and RLI is not what you’d expect from a typical insurance company. Our creative and collaborative workplace is cultivated by employee owners empowered to make good decisions for customers and the business.

We have a reputation for niche expertise, superior service and an entrepreneurial culture. In the industry and among our peers, we’re known for:

The best and brightest people in the industry who build strong relationships and provide outstanding service.

An underwriting focus so we perform well in all market cycles.

Our empowered, creative ownership culture.

A customized approach to developing insurance products to meet very specific needs.

Proven financial strength.

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