Chris spent his summer working at PMA Insurance Group in Blue Bell, Pennsylvania. They are a small property/casualty insurer who deals heavily in worker’s compensation coverage. Chris’ day-to-day activities involved semi-annual profitability and reserving reporting. Since PMA wanted to write more nursing homes, he was assigned a summer-long project pricing nursing home coverage based on hourly staffing levels. He constructed a model where an underwriter can enter the number of beds in a nursing home to obtain approximate staffing levels to assist in determining the terrorism threat level. He felt that his actuarial science classes prepared him very well for the internship, particularly Dr. Baglini’s class because his intern study manual was taken from some of his textbook.
Chris particularly enjoyed some of the company’s supplemental benefits, such as a Phillies game and a staff softball game. Although he didn’t obtain this internship through the internship reception, his interviewer turned out to be his mentor for the summer. The environment was teamwork oriented, as the entire staff was always willing to help however they could so the workload was never overwhelming. Chris did not enjoy wearing a full suit each day, and found the workload to be cyclical in nature, making him very busy sometimes and bored other times. Chris would definitely recommend PMA Insurance Group to other students.