State Farm Research Center at the University of Illinois State Farm Insurance Companies Industry Ranking Ranked 31 within Fortune 500 Ranked 2 in Illinois Boeing 1 1 US Auto insurer since 1942 17 7 market share at end of 2005 Over 40 million Auto policies 1 US Home insurer since 1964 22 2 market share at end of 2005 Over 25 million Fire policies Leading insurer of pleasure boats About State Farm No 1 US insurer of cars and homes 1 out of 5 cars is insured with State Farm 76 000 employees and 17 000 agents Products include Personal Commercial Property Insurance Life and Health Insurance Bank Products Mutual Funds Zone Structure State Farm Research Center State Farm Research Center 2001 S First Street Research Center Purpose Extend current research efforts Collaborate with faculty and students Create real world educational opportunities Partnering Departments Property Casualty Actuarial Responsible for pricing of insurance Strategic Resources Includes corporate research functions Systems Information Technology The Space On Campus location in south Research Park SFRC Staf 13 full time employees 65 student interns Fall 07 Corporate affiliates Academic Semester Internships 10 15 hours week Flexible work hours Pay starts at 14 hour Easy campus access Summer Semester Internships Full time Competitive pay rates Broader range of experiences innovationRED project assignment Speaker Series Corporate Visits SPEAK Program Social Activities Student Backgrounds Actuarial Science Statistics Finance Computer Science Business Economics Speech Comm etc Student Projects SR Consumer Research Trends Issues Focus Groups Competitor Research Statistical Studies Sales Forecasting Text Mining Dangerous Intersections Partnering with other departments Marketing Ad Services Student Projects Actuarial Ratemaking using GLM Auto Competitive Analysis Tool Prototype Household Predictive Model Testing new modeling techniques Dynamic Financial Analysis Auto Territory Reviews Student Projects Systems Reports on New Technologies Web Server RFID Network Capacity Models Model Based Testing Security Research To Apply Send resumes to SFRC statefarm com Now recruiting for Spring and summer internships sfresearchcenter com
View Full Document
Unlocking...