P&C Insurance Apprenticeship

Description

Through an apprenticeship experience with Korhorn Financial Group (KFG), students will learn directly from industry professionals while gaining hands-on exposure to the finance and insurance industries. Participants will receive guidance and mentorship from KFG team members, department leaders, and subject matter experts who will provide training on the fundamentals of personal finance, banking, investments, and insurance.

Throughout the program, students will engage in a combination of structured learning, job shadowing, and practical work experiences designed to enhance their understanding of how financial and insurance organizations serve clients and manage risk. Students will have opportunities to observe business operations, assist with departmental projects, and develop professional workplace skills in a collaborative environment.

By connecting classroom concepts with real-world application, students will strengthen their financial literacy, build confidence in a professional setting, explore potential career paths, and gain valuable insight into the skills and knowledge required for success in the finance and insurance industries.

Students are responsible for providing their own transportation to and from the internship site.

By the conclusion of the apprenticeship, students will:

1. Gain a foundational understanding of the finance and insurance industries.
2. Explore career opportunities within financial services, insurance, business, and related fields.
3. Develop professional workplace skills, including communication, teamwork, time management, and accountability.
4. Build confidence working in a professional office environment.
5. Strengthen problem-solving, critical thinking, and organizational skills.
6. Increase their understanding of personal financial management and risk protection concepts.
7. Develop professional relationships with mentors and industry professionals.
8. Apply classroom knowledge to real-world business situations and experiences.
9. Gain insight into the education, skills, and career pathways available within the financial services and insurance industries.
10. Build a foundation for future educational and career decision-making.

Responsibilities

1. Participate in structured training sessions covering the fundamentals of personal finance, banking, investments, and Property & Casualty insurance.
2. Shadow team members and department leaders to gain insight into various roles, responsibilities, and career paths within the financial services and insurance industries.
3. Assist with projects and assignments that support client service, insurance operations, and business administration under the guidance of KFG mentors.
4. Observe and learn key business processes, including policy administration, risk management, customer service, and financial planning activities.
5. Conduct basic internal research and compile information to support department initiatives and projects.
6. Includes reviewing client data, researching various coverage options, and verifying best coverage options for the client based on their specific risks.
7. Assist with data review, document preparation, and reporting activities while maintaining confidentiality and attention to detail.
8. Participate in team meetings, training workshops, and professional development opportunities.
9. Collaborate with team members on assigned projects while developing communication, problem-solving, and organizational skills.
10. Complete reflection activities and learning assignments designed to reinforce classroom concepts and workplace experiences.
11. Demonstrate professionalism, accountability, and a willingness to learn in a business environment.
12. Study various insurance curriculum through the Certified Insurance Services Representative Certificate, Ivy Tech Community College, and Kaplan Financial Education.

Qualifications

1. Current high school junior or senior in good academic standing
2. Interest in finance, insurance, business, accounting, risk management, or related fields
3. Strong attention to detail and accuracy
4. Demonstrated ability to maintain confidentiality and handle sensitive information professionally
5. Effective verbal and written communication skills
6. Basic computer proficiency, including Microsoft Office applications such as Outlook, Excel, and Word
7. Strong organizational and time management skills
8. Ability to work independently and collaborate with a team
9. Dependable, professional, and eager to learn
10. Previous involvement in school activities, volunteer work, athletics, clubs, or part-time employment is a plus, but not required

Learning Objectives

1. Identify the steps in the risk management process
2. Report an understanding of the history of the insurance industry to include: how it started, its evolution, and where it stands today.
3. Discuss the insurance industry regulating agencies that currently exist.
4. Describe the occupations available and requirements for employment in the insurance industry and its varied occupations.
5. List the types of insurance coverage.
6. Compare and contrast the type of medical insurance available including medical (including short term medical), vision, and dental.
7. Discuss the types of life insurance and purchase decisions.
8. Differentiate between property and casualty insurance and types.
9. Describe the uses of commercial insurance.
10. Compare marketing responsibilities at the corporate, regional and agent levels.
11. Use examples to discuss the process of selling by agents.
12. Describe and explain the four essential elements of any enforceable contract.
13. Identify the basic parts of an insurance contract.
14. Define and explain the elements of negligence.
15. Describe application and underwriting process.
16. Demonstrate mastery of personal automobile coverages and limits.
17. Demonstrate mastery of Homeowners coverages and limits.
18. Demonstrate competence in AI Insurance tools.
19. Demonstrate mastery of KFG CRM best practices.
20. Demonstrate mastery of KFG AMS best practices.

Contact Information