The NAPSLO Internship Program annually awards paid summer internship to college students interested in an insurance career. This nine-week opportunity offers students experience in both the underwriting and brokerage sides of the surplus lines marketplace by working with actual risks and learning alongside leaders in the industry. You can download an internship brochure here.
- A salary of $18/hour from their host firms;
- Fully-covered housing costs;
- Paid travel to and from the host location;
- A stipend to cover incidental expenses;
- Complimentary access to the NAPSLO Surplus Lines Fundamentals course; and
- A two-day orientation covering a variety of topics to familiarize them with the industry.
Interns also compete for the chance to attend the NAPSLO Annual Convention in the fall, and for additional scholarships to study the London and Bermuda markets. A list of 2016 NAPSLO interns is available here.
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The application process for the NAPSLO Internship Program begins with the release of the upcoming year’s application each summer, followed by the application deadline on October 15. The Internship Committee reviews all applications and selects candidates for a round of interviews (either in-person or via Skype) in November. The selected class of interns should receive conditional offers in mid-November.
In order to be eligible for the program, students must generally meet the following guiding principles:
Have a GPA of 3.25 or higher and satisfy one of the following substantive requirements:
Ideally, be a college junior or senior. The most competitive candidates are those who plan to return to college for at least one more semester to complete their degree following their internship.
- Be an RMI major/minor/concentration student;
- Have taken RMI courses; or
- Have work experience in the RMI industry; and
Applications for the Internship Program are accepted and reviewed on an annual basis. The following elements must be completed online and submitted via email to firstname.lastname@example.org by October 15 in order to be eligible for the program:
PLEASE DO NOT SEND PHYSICAL COPIES OF THESE ELEMENTS. Due to the volume of applications received, physical application materials cannot be accepted. If you have any questions regarding the required elements or the due dates, please contact Justin Mohn at email@example.com.
- The online application; (Please note that the application is now closed for 2016. Please check again in August 2017 for the 2018 application.)
- Individual responses to each of the following two questions (to be limited to no more than 250 words each), provided via a Word document:
- The most successful internship applicants will demonstrate a commitment to pursuing a career in the U.S. surplus lines industry after graduation. What are your career goals and how did you first become interested in a career in surplus lines?
- What single personality trait best qualifies you for a career in the surplus lines industry?
- A copy of your current resume complying with the required specifications. Please not that this resume must either (a) be in the approved resume format or (b) contain all the critical elements of the resume example in the appropriate order. Resumes must be no longer than two pages. Resumes that do not conform to required standards will be disqualified. You can find the resume format here.
- One reference letter from a non-family member who can speak to your character as an individual specifically and personally, sent via email to firstname.lastname@example.org.
- An electronic copy of your current unofficial transcripts provided either as a Word document or PDF. JPG files will not be accepted.
NAPSLO is committed to helping successful interns find employment in the surplus lines industry. Many interns receive job offers to join their host firms or other companies they interacted with soon after completing the program. While much of this success is a result of hard work by the individual interns, the structure of the internship also helps interns network for potential employment. The hands-on work emphasis and full access to all levels of the company mean interns have a wealth of opportunities to distinguish themselves.
Additionally, NAPSLO Interns and their hosts are listed each year in the NAPSLO NEWS, sent to all members. Recent interns and their hosts are also listed on the NAPSLO website. NAPSLO member firms interested in hiring a former intern may access former Intern Resumes for review and consideration. You will be asked to provide login and password. Contact NAPSLO if you need assistance with this information.
NAPSLO Internship History
NAPSLO established the Internship Program in 1981 to interest students in the surplus lines industry, which handles unique, unusual, or hard to place risks. More than 310 students have participated in the program since its inception, and over half of the former interns are currently working in the insurance industry. Many are employed by NAPSLO member firms.
Students work five weeks for a NAPSLO member insurance carrier and four weeks with a NAPSLO member wholesale brokerage firm. Interns gain experience in all areas, including: underwriting, claims, accounting, marketing, and regulatory compliance. Much of the work is hands-on, actually dealing with risks that may receive coverage by the firms, and many interns are assigned special projects by their host firms dealing with particular lines of business or future ventures and programs. Additionally, interns are given access to many levels of leadership at the firm; many meet the Presidents or CEOs of their organization during their internship tenure.
Based on evaluations and recommendations from the host firms, selected interns are invited to attend the NAPSLO Annual Convention in the fall. The selected interns are hosted by members of the NAPSLO Career Awareness & Internship Committee and receive an all-access view of this important members-only Convention. More than 3,800 industry professionals attend this convention to conduct business, and NAPSLO interns are often courted for positions during the event.
While attending the Convention, one intern is selected for the J.H. Blades Scholarship to visit London and study the Lloyd’s and one is selected for the Bermuda Scholarship, which provides a perspective on the Bermuda market. NAPSLO provides travel, lodging, and stipend funds for these overseas scholarships. For more information about the NAPSLO Internship Program, contact Justin Mohn, email@example.com.
A list of past NAPSLO Interns is available here.