Sigma Chapter Intern Testimonials

Ureem James
Actuarial Science
Fall 2016

AIG
New York City, NY

Provide a General Description of the Internship. Include daily tasks completed, the company and its employees, and any other information.
Utilized R-Software to develop the first version of Loss Development Factors for 23 durations for Commercial Loss Sensitive Casualty lines by using a General Additive Model code. Assessed AIG's 12 Billion Dollar Loss Sensitive Business Profile to calculate Weighted Average Retention, Policy Limit by Excess Gross Written Premium, and Policy Count to analyze the impact of un-retained businesses by constructing pivot tables and charts that outlined the aforementioned calculations.Operated SAS to withdraw Commercial Guaranteed Cost Worker's Compensation Premium Data to develop Premium Triangles, and Premium development factors to assess the growth of premium in multiple industries. Developed Premium Triangles for Commercial Loss Sensitive Casualty Profit Lines to assess the growth of premium over 24 years, and calculate and select Age-to-Age premium development factors in order to calculate Ultimate Premium to contribute to AIG's 2016 Primary Casualty Profitability Study.

Did you have a mentor?
Yes

If so, how did he/she help you during your internship?
My mentor was usually busy with Ad-Hoq requests and other various projects. However, I really enjoyed the freedom I got to work on my projects and spend some time with them. That gave me the opportunity to independently work on my projects and 'own' the work that I do. That being said though, my mentor was always available for questions and was very helpful in helping me learn SAS and R.

Did you feel your RMI/AS classes better prepared you for the internship?
My Actuarial Science courses did not prepare me as much. The RMI courses, on the other hand, were quite helpful in learning the technical terms and insurance terms that I came across on a daily basis. Also, attending Gamma meeting was probably the most helpful, and it should be a choice on this question.

Interviewing/Hiring Process Comments:
Met with representatives from AIG at the Career Fair, and had two 30 minute interviews with Actuaries from AIG the following day.

Were you assigned any special projects? If so please describe.
I did not have one special project like you'll see many interns talk about. I was involved in a department wide project called the Profitability study in which I contributed by selecting premium development factors, analyzing AIG's $12 Billion Loss Sensitive Casualty Business, and using a GAM model to develop Loss Development Factors for Loss Sensitive Casualty lines.

What were the supplemental benefits besides the pay? (Internship Lunches, Housing, Sports Games, Happy Hours, etc.)
AIG does not offer housing to its interns in New York City. Candidates should either consider looking for housing at NYU, or getting an AirBnB.

Describe the company's internship program(atmosphere, work load, work, housing, outside work activities, etc.).
The internship program is a formal internship program. The first three days involve training with background on AIG, team-building skills, and insurance knowledge. The atmosphere is very friendly and supportive. However, be prepared to work and spend time with projects before asking questions. It is a highly admired trait. The work load wasn't too over bearing. In fact, I enjoyed having something to work on almost every other day. The internship program does provide helpful webinars that interns are welcome to attend on VBA, Predictive Modelling, Reserving, etc.

Was the internship what you expected after the interviewing/hiring process?
Yes

Were you provided time off besides the weekend?
No time off apart from the July 4th Holiday

If you had to relocate, describe the process of adapting to a new city.
Moving to a new city can be hard only if you're not willing to adapt to life in a new city. It was hard at first, but I gradually came to like New York City and it was fun. I enjoyed being able to explore Downtown and the Wall Street area.

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