The Connection Magazine AIM MUTUAL Spring 2019 | Page 28

INTERNSHIPS IN PREMIUM AUDIT
WHO KNEW PREMIUM AUDIT WAS A THING?
THE VALUE OF INTERNSHIPS IN
WORKERS’ COMPENSATION
BY: MARK MILLETT, A.I.M. MUTUAL, ERICA CHIN, BABSON COLLEGE STUDENT INTERN,
& SILVIA HUANG, BABSON COLLEGE STUDENT INTERN
THERE HAS been a lot of talk about
the aging workforce in the workers’
compensation industry in particular and
the insurance industry in general. The
Bureau of Labor Statistics predicts that
almost half of today’s insurance workers
will retire in the next 15 years. We know
that we need to attract, train, and retain
a new generation of talent to fill this
overwhelming gap that is coming.
Intern programs have been around in
some shape or form since the 11th century,
starting with agricultural apprenticeships.
The term “intern” referred to medical
students in the 1920s, while internships
started popping up at colleges in the ’60s.
Today, students often complete several
internships before graduating.
At A.I.M. Mutual, we decided to tap into
this resource for several reasons. First,
it allows us to introduce insurance as a
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great industry to work in. Many students
are not thinking about an insurance career
when they enter college. An internship
showcases
the
benefits:
helping
people in a real time of need, flexibility
and work-life balance, development
opportunities, working with great people,
and employment in a stable industry.
Internships give us the opportunity to
evaluate a person’s knowledge, skills,
and abilities on an introductory basis.
We are able to find out if the student is
a fit for the company, and the student is
able to find out if the company is a fit for
them. The bottom line is that internship
programs are a great way to recruit talent
as baby boomers retire.