Aon Benfield is a leading global reinsurance intermediary and capital advisor, providing clients with access to reinsurance markets, as well as expertise in risk and capital management. The company offers a comprehensive internship program that provides students and young professionals with hands-on experience and exposure to the reinsurance industry. Aon Benfield interns are given a range of responsibilities and tasks, which help them develop their skills and knowledge in the field.
Overview of Aon Benfield Internship Program
The Aon Benfield internship program is designed to provide participants with a comprehensive understanding of the reinsurance industry and the company’s operations. Interns are typically assigned to a specific team or department, such as broking, analytics, or client management, where they work alongside experienced professionals to gain practical experience and insight into the industry. The program typically lasts for several months, during which time interns are expected to contribute to various projects and tasks, while also learning about the company’s products and services.
Daily Tasks of Aon Benfield Interns
Aon Benfield interns can expect to perform a variety of tasks on a daily basis, depending on their team or department assignment. Some common daily tasks include:
- Assisting in the preparation of reports, presentations, and other materials for clients and internal stakeholders
- Conducting research and analysis on industry trends, market developments, and competitor activity
- Helping to develop and maintain databases, spreadsheets, and other tools used for data analysis and management
- Participating in meetings and conference calls with clients, brokers, and other stakeholders to gain insight into the reinsurance industry and Aon Benfield’s operations
- Assisting in the development of marketing materials, such as brochures, case studies, and website content
- Supporting the development of new business opportunities and pitches, including researching potential clients and preparing presentation materials
Interns may also be given specific projects to work on, such as analyzing data on reinsurance market trends, developing a marketing campaign for a new product or service, or creating a report on a specific topic related to the reinsurance industry. These projects provide interns with the opportunity to apply their skills and knowledge in a practical way, while also demonstrating their capabilities to their supervisors and colleagues.
| Department | Tasks and Responsibilities |
|---|---|
| Broking | Assisting in the placement of reinsurance contracts, negotiating with reinsurers, and managing client relationships |
| Analytics | Conducting data analysis and modeling, developing reports and presentations, and providing insights to clients and internal stakeholders |
| Client Management | Assisting in the development and implementation of client strategies, managing client relationships, and providing excellent customer service |
Skills and Knowledge Developed
Through their daily tasks and responsibilities, Aon Benfield interns develop a range of skills and knowledge that are essential for a career in the reinsurance industry. These include:
- Technical skills, such as data analysis, modeling, and software applications
- Business acumen, including knowledge of the reinsurance industry, market trends, and competitor activity
- Communication and interpersonal skills, including the ability to work effectively with clients, colleagues, and other stakeholders
- Problem-solving and analytical skills, including the ability to identify and mitigate risks
- Time management and organizational skills, including the ability to prioritize tasks and manage multiple projects simultaneously
Interns also have the opportunity to develop their knowledge of reinsurance products and services, including property and casualty insurance, life and health insurance, and specialty insurance. They may also learn about alternative risk transfer mechanisms, such as captives and insurance-linked securities.
What is the typical duration of an Aon Benfield internship?
+The typical duration of an Aon Benfield internship is several months, although this can vary depending on the specific program and location. Some internships may be shorter or longer, and some may be offered on a part-time or full-time basis.
What skills and qualifications are required for an Aon Benfield internship?
+Aon Benfield interns are typically required to have a strong academic record, with a degree in a relevant field such as business, economics, or finance. They should also have excellent communication and interpersonal skills, as well as the ability to work effectively in a team environment. Proficiency in Microsoft Office and other software applications is also desirable.
In summary, Aon Benfield interns play a vital role in the company’s operations, providing support to various teams and departments while developing their skills and knowledge in the reinsurance industry. Through their daily tasks and responsibilities, interns gain hands-on experience and exposure to the industry, while also developing a range of technical, business, and interpersonal skills that are essential for a successful career in reinsurance.
