Actuarial Intern Chicago P&C Summer 2026
Actuarial Intern Chicago P&C Summer 2026
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Job Description
Who We Are
Independent for over 75 years Milliman delivers market-leading services and solutions to clients worldwide. Today we are helping companies take on some of the worlds most critical and complex issues including retirement funding mortgage and healthcare financing risk management and regulatory compliance data analytics and business transformation.
Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERGs) are employee-led communities that influence policy decisions develop future leaders and amplify the voices of their constituents. We encourage our employees to give back to their varied professions including leadership in professional organizations. Please visit our web site ( to learn more about Millimans commitments to our people diversity and inclusion social impact and sustainability.
Millimans Chicago-based Property and Casualty practice is one of the leading experts in P&C insurance matters. We advise clients on a wide range of issues including loss reserving and ratemaking for commercial lines of insurance including medical professional liability and workers compensation. The Chicago casualty practices clients include Fortune 500 corporations healthcare institutions privately held companies public entities captive insurers and reinsurers. Our consulting work is supported by a powerful toolkit of analytics software solutions. As innovators in risk assessment Milliman embraces technology and builds renowned data-driven tools that evaluate risk for a wide variety of applications.
The Opportunity
Our practice welcomes motivated college students pursuing a bachelors or masters degree to partake in a summer actuarial internship between May and September 2026. We offer competitive pay and the opportunity to work on challenging projects with practical on-the-job experience. As a summer intern youll work alongside Milliman consultants who are leading experts in the property and casualty insurance industry including those in senior management. Youll be welcome at professional staff meetings department meetings and a variety of practice-wide and intern-specific social events.
Over 10 to 12 weeks youll gain exposure to a variety of actuarial functions including model development reserving and forecasting concluding with the opportunity to present to your Milliman colleagues. Youll also receive on-the-job mentorship from experienced actuaries and actionable feedback to grow in your career.
We believe that the actuarial skillset has important applications across both our traditional actuarial work and our work supporting new and developing markets. As such we are committed to developing a pipeline of actuarial talent and future leaders of the firm through exam support and interaction with senior colleagues.
Responsibilities will include:
- Perform data analysis using primarily Excel to assist with consulting for various property and casualty insurance work areas (Professional Liability Workers Compensation Commercial Auto Commercial General Liability and more)
- Participate in consulting activities that include loss reserving and financial projections
- Responsible for reviewing the work of peers and assisting with research projects and business development
- Coordinate with Consultants and other Analysts as a project team to deliver client reports and deliverables
- Responsible for a majority of the technical work which may include analyzing data completing actuarial calculations and developing actuarial models
Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.
What We Are Looking For
Professional Qualifications
- Pursuing a bachelors or masters degree in actuarial science economics mathematics or a related major with quantitative coursework
- Experience using MS Excel Word PowerPoint Outlook and Teams
- At least one actuarial exam passed (at time of application)
- Prior internship(s) or related work experience preferred
Personal Qualifications
- Strong communication skills both in-person and written in order to successfully collaborate with colleagues and clients
- Analytical thinking skills considering downstream impact
- Can complete project-related tasks meet deadlines and comply with quality control procedures
- Demonstrates professionalism and integrity in all functions of work
- Self-starter takes initiative and works well independently and within a team
- Ambition and excitement for professional development in the actuarial field
- Intellectual curiosity about the topics of risk Milliman and the work of our practice
- Inspired to perform well by the ability to contribute to the success of a project or organization
- Strong time management skills
Location
Candidates hired into this role will be required to work in-person in the Milliman office in Chicago IL on a weekly basis and flexible work arrangements will be considered.
Compensation
This position is expected to be full-time at 37.5 hours per week for 10 to 12 weeks beginning in May or June 2026. The pay range for this position is $23 - $41 per hour depending on a combination of factors including but not limited to education (including passed actuarial exams) relevant work experience qualifications skills certifications location etc.
Benefits
We offer competitive benefits which include the following based on plan eligibility:
- Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.
- 401(k) Plan When an employee reaches 1000 hours worked within 12 consecutive months they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
- Paid Time Off (PTO) Begins accruing on the first day of work; Interns Temporary and Seasonal Employees will earn PTO each pay period based on 1 hour for every 30 hours worked.
- Transportation Pre-tax savings for eligible transit and parking expenses.
Equal Opportunity
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.
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Required Experience:
Intern
Employment Type
Full-Time
