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New York Life Insurance

New York 
New York 
10010 51 Madison Ave.

The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR. The company ranks #64 on the 2010 Fortune 100 list, making it the highest privately held insurance company on that list. The company is now one of only three life insurers to hold the highest possible rating from all four major rating agencies, and one of a few to not receive a ratings downgrade since the 2008 financial crisis. NYLI has around 17,125 employees. Revenue 2009 - $31,416 millions.


The Summer Actuarial Internship Program is an integrated program which combines relevant work experience with a series of actuarial classes and presentations. The program blends in a number of social events to make sure the interns fully enjoy their summer experience. Interns are typically placed in a pricing or financial reporting division working side by side with actuaries or senior level actuarial students. They are presented with challenging actuarial projects throughout the summer which will provide them with useful actuarial experience while allowing them to develop their problem solving and decision making skills. The summer begins with a series of training classes covering a range of topics including Excel, APL programming, and PTS computer modeling. The learning continues throughout the summer with classes in Actuarial Mathematics and weekly presentations made by New York Life actuaries. Once each month, the interns are taken out as a group for a night on the town. In addition, the interns are encouraged to join full-time actuarial students in social events ranging from softball games in Central Park to post-exam happy hours. Interns are also invited to more formal company events including the Actuaries' Cocktail Party and the Chief Actuary's Luncheon. Salaries are very competitive and depend on the number of actuarial exams passed. 

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