Exploring the Tokio Marine HCC Internship Program: A Comprehensive Overview
The Tokio Marine HCC Group of Companies, a rapidly growing and dynamic organization, emphasizes investing in its people through learning and leadership programs, personal development plans, and training schemes. This commitment extends to its internship programs, which offer energetic and confident individuals a chance to join their team of professionals. This article delves into the details of the Tokio Marine HCC internship program, providing a comprehensive overview of its structure, benefits, and opportunities.
Tokio Marine HCC: An Overview
Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown their 2022 Gross Written Premium (GWP) to $5 Billion. With a workforce of 4,300 worldwide, TMHCC maintains a culture where individuals can make a significant impact. The company's vision is underpinned by six core principles that help them act with sincerity, think innovatively, and do business with confidence, inspiring confidence and accelerating progress. TMHCC believes in “second chance” employment.
Compensation and Benefits
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. For candidates working in person in Los Angeles, the reasonable pay range for a specific position is $17.74 to $24.41 per hour. The salary offered is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.
Learning and Development Opportunities
Tokio Marine HCC prioritizes the development of its employees. The Learning & Development team is dedicated to helping everyone, from new team members to senior managers, secure the skills needed to develop their careers. A wide range of training programs are available, covering everything from soft skills to leadership development, with new courses being added continuously. The company understands that its employees may be based in different countries but that they all need similar supportive benefits.
Internship Program Details: Public Risk Group
One notable internship opportunity is the Paid Internship Program with Tokio Marine HCC - Public Risk Group, a member of the Tokio Marine group of companies. This group is a market leader in providing specialized insurance products for municipal entities, covering counties, cities, townships, villages, police departments, prisons, fire departments, and more. They serve the growing insurance and risk management needs of medium and large governmental entities and provide property and casualty insurance coverages in multiple states.
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The Paid Internship Program with Tokio Marine HCC - Public Risk Group is a hybrid role located onsite in Troy, Michigan. Hours of work will be up to 35 hours per week. Attendance is required for the complete duration of the program.
Position Summary
The internship is designed for juniors or seniors in Insurance & Risk Management or a Business program who have an interest in applying their educational studies into practical work experience in insurance. The program offers a hands-on experience and an opportunity to network with other professionals in the insurance industry.
Rotational Structure
The unique 12-week rotational internship program provides exposure to four different departments:
- Claims
- Underwriting
- Risk Control
- Actuary
Additional Opportunities
In addition to gaining hands-on work experience, interns will meet other interns across other lines of business within Tokio Marine HCC. They will be grouped into teams to work on an assigned business case project, which will be presented to the executive leadership team. This provides valuable opportunities to network and develop key skills to succeed in a professional career. This experience will give you the insight and first-hand knowledge that could lead to a placement after graduation.
Requirements
To be eligible for the internship, candidates must meet the following requirements:
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- Working toward a bachelor's degree and either be a current or recent enrollee in the study of Insurance & Risk Management, or Business Administration.
- 60 hours of general college coursework with a GPA of 3.0 or greater
- Work consecutive weeks throughout the summer on a hybrid schedule (35 hours per week: 3 days in office, 2 days work from home)
- Demonstrated leadership capabilities
- Good organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
- Good written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
- Initiative and active contributor with activities
- Motivation to succeed
The Application Process
If a candidate's CV/experience is a fit, they will be contacted to arrange an initial interview. Every role is different, and the interview process will reflect this. In many cases, candidates can anticipate what sort of questions they might be asked by reviewing the requirements of the role. Also, candidates should think about what they want to learn about the position, company, and culture. It's important to understand the scope of the role and expectations and deliverables and how things operate.
To apply for the internship, candidates are encouraged to submit their application for consideration.
Stop Loss Division
TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.
Equal Opportunity Employer
The Tokio Marine HCC Group of Companies is an equal opportunity employer. However, as an insurance company, they must comply with certain Federal and state laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)), which limits their ability to employ individuals with certain types of criminal convictions. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you.
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