Role overview
Mercury Ignite.
Mercury Ignite – Your launchpad to a brighter career. Our summer internship program is a 12-week paid internship designed to allow students to gain practical work experience in the Insurance field.
Job Summary
We are seeking curious, passionate, and hard-working students from quantitative academic fields to participate in our fully remote summer internship program. The program will be highly collaborative and immersive, with interns working on real business problems that can span multiple business units within the complex insurance landscape.
But it won’t be all work! Mercury executives will host virtual lunch-and-learns with a small group of interns to discuss career aspirations, interns will get to meet Mercury people leaders and team members throughout the organization, and there will be a multitude of virtual social events.
What you'll work on
Job Function
The R&D Intern supports research initiatives and pricing strategy development for Mercury’s insurance offerings within a designated business line. Responsibilities include preparing and engineering data, conducting exploratory analyses, and assisting with modeling and segmentation efforts to enhance pricing precision and product differentiation. Interns work collaboratively throughout the program and deliver a capstone presentation to leadership upon completion.
- Utilizes Python/R/SQL/SAS or other software to extract, manipulate and analyze large sets of data in order to recommend improvements in our product pricing.
- Assists in predictive modeling projects and analyzing product performance under supervision and guidance; Tests new rating models to determine.
- accuracy of prediction, loss ratio improvement and segmentation.
- Performs primary field research, including customer, distribution, competitor and insurance department under supervision and guidance.
- Prepares reports, graphs, charts and presentations based on research and analysis
- Over the course of the summer, interns will ultimately build a minimum viable product (MVP) and have a “capstone” opportunity to present those findings to the Mercury leadership team.
- Other functions may be assigned
What we're looking for
Physical Actions
Required job duties are essentially sedentary in nature, consisting of occasional walking, standing, lifting and/or carrying ten pounds maximum.