At a Glance
- Tasks: Support strategy development for innovative insurance tech products and validate growth opportunities.
- Company: Join UnderwriteMe, a dynamic InsurTech company transforming the life insurance industry.
- Benefits: Paid internship (£25/hour), flexible hours, and a supportive team environment.
- Other info: Enjoy a healthy work-life balance with social activities and community involvement.
- Why this job: Gain hands-on experience in a cutting-edge tech company while making insurance more accessible.
- Qualifications: Currently studying for an MBA with a keen interest in tech start-ups and InsurTech.
The predicted salary is between 25 - 25 £ per hour.
UnderwriteMe is an InsurTech company and subsidiary of Pacific Life Re (PL Re), dedicated to transforming the life insurance industry through innovative data and technology products. Our mission is to make insurance more accessible by enabling the future of underwriting and the future of distribution for our clients. The Protection Platform (PP) is our digital distribution platform that connects advisers and insurers (B2B2C), helping to streamline the protection sales process and make protection easier to buy and sell. The Decision Platform (DP) is our B2B Enterprise Software product that aims to help insurers optimise their underwriting and claims process and realise that future of underwriting & claims. Both play an equally crucial role in achieving the mission.
We are seeking a Business / Product Strategy Intern to support our strategy development within the Protection Platform. As you build context on the company, this may also lead to involvement on the Decision Platform.
Role & Responsibilities
- You will work alongside the Head of Strategy, the CPO, and the Product Leadership on both PP and DP.
- During your internship, you will be focusing on validating growth and expansion opportunities for the PP in the UK and beyond.
- As part of this role, you will be building an understanding of:
- Market sizing & dynamics
- Competitive landscape & our right-to-win
- Proposition assessment and development
- Long-term opportunities & moonshots
- Critical path to launching new offerings and markets
Skills & Experience
- 3-5+ years’ work experience from a consulting and strategy background
- Experience working across Product and Tech
- Currently Studying for an MBA
- Someone with a keen interest in tech start-ups / scale-ups and preferably the InsurTech sector
This is a paid internship position (£25 per hour); you will be provided a defined scope for your first project and will be expected to define and scope out future projects with support of the teams. We are open to part-time interns (2-3 days a week to fit around studying).
About UnderwriteMe: UnderwriteMe is an Insurtech software business and subsidiary of Pacific Life Re (PL Re), a global life and pensions reinsurance firm. We have a vision to help everyone purchase protection insurance by using data and disruptive technology to transform our partners and markets in order to make their underwriting processes as quick and efficient as possible.
Working for UnderwriteMe
Joining UnderwriteMe means being part of a technology company that is committed to bringing a fresh and dynamic approach to insurance. You’d be working with a team of highly technical experts made up of people with backgrounds in software, fintech, and insurance. Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.
Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and wellbeing initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events, and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
- 25 days of annual leave with option to buy/sell more days
- Adoption and fertility leave
- Generous enhanced parental leave
- Comprehensive private insurance coverage for employee and dependents
- Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary
- Optical benefits
- 15% combined employee/employer contributions
- Subsidized gym membership
- Access to Employee Assistance Program
- Cycle to Work and Electric Car Salary Sacrifice Scheme
- Time off for volunteering
- Charitable matching of employee donations
You Can Be Who You Are
We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential. As part of our commitment to accessibility for all, UnderwriteMe will, upon the request of the applicant, provide accommodation during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs, and we will consult with you to ensure suitable accommodation is provided.
Product Strategy Intern in London employer: UnderwriteMe
At Pacific Life Re, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to thrive. As a Senior AI Engineer, you will have access to cutting-edge technology and the opportunity for professional growth within a supportive environment that values creativity and regulatory compliance. Located in a dynamic sector, we offer competitive benefits and a commitment to your career development, making us an excellent employer for those seeking meaningful and rewarding work in AI solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Product Strategy Intern in London
✨Hit Up Local Job Fairs
Insurance internships are often showcased at local career fairs, so pop down to a few and chat with recruiters from companies like UnderwriteMe. It’s a great way to get your face out there and show off your enthusiasm for the industry – plus, you can ask questions that show you’ve done your homework!
✨Leverage Your Uni’s Career Services
Your university’s career services can be a goldmine for finding insurance internships. They often have partnerships with companies and can give you access to exclusive opportunities – so be sure to check in and get help polishing your application for roles at places like UnderwriteMe.
✨Connect with Alumni in the Industry
Look for alumni from your university who are working in insurance. Reach out for a chat on LinkedIn – they can give you insider tips about landing spots like internships at UnderwriteMe. Plus, they might even know of openings before they’re posted!
✨Show Off Your Skills Online
Create a professional online presence showcasing your skills and interests in insurance. Whether it’s writing articles on LinkedIn or sharing insights on industry trends, being visible can attract attention from hiring managers at companies like UnderwriteMe. Don’t hesitate to apply through our website!
We think you need these skills to ace Product Strategy Intern in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analysing data is key! Make sure to sprinkle examples of your analytical and problem-solving skills throughout your CV and cover letter. This could be from your studies or any relevant projects where you've had to assess risk, assess financial data, or use statistics.
Show Enthusiasm for Learning:As an intern, it's super important to show your eagerness to learn. Use your cover letter to express why you're passionate about the insurance field and what you hope to gain from the internship at UnderwriteMe. We're looking for those who want to dive in and make the most of this opportunity!
Include Relevant Coursework and Projects:Don't be shy about mentioning specific courses or projects that relate to insurance! If you've taken modules in risk assessment, finance, or related topics, make sure they're highlighted in your application. This not only shows your background but helps us connect the dots about your fit for the role.
Tailor Your Documents to UnderwriteMe:Every company has its unique vibe and values! Take a little time to tailor your CV and cover letter specifically for UnderwriteMe. Look into their culture, their services, and mention why you think you’d be a great fit. It shows you care and that you’ve done your homework—huge plus points!
How to prepare for a job interview at UnderwriteMe
✨Get a Grip on Insurance Basics
Before heading into the interview with UnderwriteMe, brush up on fundamental insurance concepts. Understand the different types of insurance products, like life, health, and property insurance, as well as basic terms like underwriting and premiums. This will show your genuine interest in the field and help you articulate your thoughts better.
✨Prepare for Scenario-Based Questions
In insurance internships, interviewers love to liven things up with scenario-based questions. Think about how you’d handle common situations—like a client asking about policy options or presenting a claim. Practising these scenarios will help us feel confident and ready to showcase our problem-solving skills during the interview!
✨Highlight Your Analytical Skills
Insurance relies a lot on data and analysis. Make sure to mention any relevant coursework or projects that involved data interpretation, risk assessment, or financial analysis. We want to show that we can combine our analytical skills with a fresh perspective to contribute to the team at UnderwriteMe.
✨Show Enthusiasm for Learning
As an intern, your motivation and willingness to learn can be just as impactful as your current knowledge. Be ready to discuss what excites you about the insurance industry and how this internship at UnderwriteMe fits into your career goals. Let’s convey that we’re eager to soak up as much knowledge as we can during our time there!
