State Farm Research Center at the University of IllinoisState Farm Insurance CompaniesSlide 3Slide 4Slide 5Slide 6Slide 7Slide 8Slide 9Slide 10Slide 11Slide 12Slide 13Student Projects - SRStudent Projects - ActuarialStudent Projects – SystemsSlide 17State FarmResearch Centerat the University of IllinoisState Farm Insurance Companies•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 boatsIndustry Ranking•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•Headquartered in Bloomington, ILAbout State FarmZone StructureState Farm Research CenterState Farm Research Center2001 S. First StreetChampaign, IL•Extend current research efforts•Collaborate with faculty and students•Create real-world educational opportunitiesResearch Center Purpose•Property & Casualty Actuarial–Responsible for pricing of insurance•Strategic Resources–Includes corporate research functions•Systems–Information TechnologyPartnering Departments•On-Campus location in south Research ParkThe Space•13 full-time employees•65 student interns – Fall ‘07•Corporate affiliatesSFRC Staf•10-15 hours/week•Flexible work hours•Pay starts at $14/hour•Easy campus accessAcademic Semester Internships•Full-time•Competitive pay rates•Broader range of experiences–innovationRED project assignment–Speaker Series–Corporate Visits–SPEAK Program–Social ActivitiesSummer Semester Internships•Actuarial Science•Statistics•Finance•Computer Science•Business•Economics•Speech Comm•etc.Student Backgrounds•Consumer Research–Trends, Issues–Focus Groups•Competitor Research•Statistical Studies–Sales Forecasting–Text Mining•Dangerous Intersections•Partnering with other departments–Marketing–Ad ServicesStudent Projects - SRStudent Projects - Actuarial•Ratemaking using GLM•Auto Competitive Analysis Tool•Prototype Household Predictive Model•Testing new modeling techniques•Dynamic Financial Analysis•Auto Territory Reviews•Reports on New Technologies–Web Server–RFID•Network Capacity Models•Model-Based Testing•Security ResearchStudent Projects – Systems•Send resumes to:[email protected]•Now recruiting for:–Spring and summer internshipsTo
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