Broking Intern

Job Description

About the Company:

This job description is for an internship within the Corporate Risk & Broking Construction team at WTW (Willis Towers Watson), a global professional services company. WTW helps clients in the construction industry navigate complex challenges through innovative insurance and risk management strategies. They partner with large contractors, developers, and owners to protect their large construction projects.

Job Description:

This internship offers hands-on experience supporting the full lifecycle of commercial construction insurance placements. The Broking Intern will work with client service and broking teams, contributing to various key areas and directly impacting the delivery of services to clients.

Key Responsibilities Include:

• Client Servicing Support: Coordinating client communications, managing deliverables through the renewal process, and assisting with policy checking, ensuring accuracy and completeness.

• Records Management System (RMS): Entering and updating policy and client information, conducting naming convention clean-up, and performing post-bind audit reviews.

• Broking Platform Support: Setting up new and renewal opportunities in internal broking systems and maintaining client-specific data.

• Data Analytics & Reporting:
• Learning to use WTW’s Core Analytics models.
• Pulling and cleaning loss run data from carriers/Third-Party Administrators (TPAs).
• Creating loss ratio workbooks, scatter plots, exposure, premium, and retention history workbooks.
• Generating Mod Snapshot reports and Construction Global Line of Business (GLOB) benchmarking Excel files.
• Preparing ad hoc and monthly reporting requests.

• Builders Risk Support: Assisting in the preparation of Master Builders Risk (MBR) and Project Builders Risk (PBR) quotes, and reviewing client-submitted project logs for accuracy and timeliness.

• Shadowing Opportunities: Participating in client renewal meetings, internal broking strategy sessions, and carrier negotiations.