Summer Internship – Hylant Global Captive Solutions

Description

About Hylant

Hylant is a leading insurance brokerage and risk management firm with a strong reputation for being a Best Place to Work in Insurance for 15 consecutive years. They are committed to creating a fun, dynamic, and supportive environment where employees can grow and thrive.

Internship Program Overview

The Hylant Summer Internship Program offers a unique opportunity for talented college students to gain practical experience, build vital skills, and network within the insurance industry. The program provides a comprehensive experience with:

• Meaningful work experience: Interns will participate in projects that directly impact Hylant’s business.
• Professional development: Summer-long courses designed to enhance soft skills and discover potential.
• Networking opportunities: Interns will have the chance to connect with colleagues at all levels, including executive leadership.
• Brand building: Interns can expand their reach in the insurance industry and build their personal brand.
• Industry exposure: A six-week “Intro to Insurance” course provides foundational knowledge of the industry.
• Scholarship opportunity: Eligible interns can apply for a $5,000 scholarship.
• Team collaboration & mentorship: Interns will work with a team and receive guidance from Hylant leaders.
• Summer Capstone Project: This project involves researching and acting as a consultant to Hylant’s executive leadership, proposing real business solutions.
• Award-winning culture: Experience a professional environment with a fun and dynamic atmosphere.
• Client interaction: Many internships offer the chance to meet clients, carriers, and vendors.
• Office visits: Interns will visit multiple Hylant offices to expand their network and experience the company culture.

Hylant Global Captive Solutions Internship

This specific internship will support the Hylant Global Captive Solutions team, focusing on either Captive Consulting or Captive Management.

Captive Management:

• Conduct research on changes in the captive insurance industry, including regulations, trends, and best practices.
• Assist in analyzing market data related to captive formations and operations.
• Help prepare and analyze financial statements for captive insurance entities.
• Assist in budgeting and forecasting processes to project future financial performance.
• Support compliance in ensuring captives adhere to local and international insurance regulations.
• Assist in preparing documentation and reports required for regulatory submissions.
• Help with reviewing policy documents and ensuring accuracy.
• Assist in maintaining records of coverage, limits, and deductibles.
• Review claims submissions and supporting documentation and help track claims statuses.
• Shadow and participate in client meetings and conference calls to discuss captive insurance needs and solutions.
• Help prepare board books and materials for client presentations.
• Other duties as assigned.

Captive Consulting:

• Conduct research on the captive insurance landscape, including industry trends, regulatory changes, and competitor analysis.
• Assist in gathering information from clients to understand their insurance needs, risk management strategies, and business objectives.
• Help evaluate the feasibility of forming a captive based on client profiles and requirements.
• Support the preparation of financial models to project the costs, savings, and potential benefits of forming a captive.
• Assist in analyzing clients’ current insurance costs and risk exposures.
• Help prepare feasibility studies that outline the rationale for establishing a captive, including financial projections and risk assessments.
• Assist in drafting reports summarizing findings and recommendations for clients.
• Assist in the design of insurance policies that captives will underwrite, including coverage options, limits, and deductibles.
• Support the development of underwriting guidelines and risk assessment criteria.
• Other duties as assigned.