Meeting a Need

Established by leaders of Bermuda's insurance industry in 1996, BFIS is tasked with ensuring that Bermudian students are provided with opportunities to attain the education and training necessary for careers in Bermuda's insurance industry. This is being achieved through scholarships, mentoring, internships and career guidance.

The BFIS Intro-to-Insurance Summer Intern Programmes are offered annually in Bermuda, London, Chicago and Atlanta.  They are intensive, structured, 2 to 3 week programmes for 4 groups of 4 Bermudian undergraduate students who are planning careers in Bermuda's insurance industry.  Students gain an in-depth understanding of the insurance industry and the careers it can offer.   Travel, room and board are paid for by BFIS and students receive a daily stipend.


Interested students should apply online through bermudascholarships.com  and submit required documents.  Applications can be made after January 1st 2021.  BFIS Scholars should simply notify the BFIS office that they wish to participate.  All interested students should submit a short essay outlining why they want to participate and where.

APPLICATION DEADLINE = MARCH 31, 2021.

Interviews (Skype) will take place in mid-April.


BERMUDA : Monday May 17th - Friday June 4th 2021
Open to students who have completed at least one year of university. Structured 3-week programme in which 4 Bermudian students together with 2 students from Illinois State University’s Katie School of Insurance and Financial Services learn every aspect of Bermuda's insurance market.

Local programme sponsored by Allied World Assurance.

ATLANTA Programme: Monday July 5th - Friday July 16th 2021
Open to students who have completed at least 2 years of university. Structured 2-week programme in which 4 Bermudian students will be hosted by industry partners to learn all about the Atlanta insurance market and gain valuable overseas experience.

CHICAGO Programme: Monday, July 5th - Friday, July 16th 2021
Open to students who have completed at least 2 years of university. Structured 2-week programme in which 4 Bermudian students will be hosted by industry partners and Katie School alumni in Chicago to learn all about the Chicago insurance market and gain valuable overseas experience.

LONDON Programme: Monday June 28th - Friday July 9th 2021
Open to students who have completed at least 2 years of university. Structured 2-week programme in which 4 Bermudian students will be hosted by industry partners in London to learn all about the London insurance market and gain valuable overseas experience.

Overseas programmes sponsored by AXA XL.

All interns are expected to make team presentations to the BFIS Board and hosting company representatives following the internships to demonstrate what they gained from their experience.


If you have any questions click here to email BFIS.


REQUIRED DOCUMENTS:
1. ESSAY – In approximately 300 words tell us: "Why are you interested in participating in the programme, what do you hope to gain from it and which location is your first choice and why?"
2. Resume
3. Most recent transcript
4. Proof of Bermudian or PRC status
5. Head and shoulders photo

6. INSURANCE KNOWLEDGE - List any insurance courses you have taken. Students who have not taken any insurance courses will be required to take the online Insurance Essentials course (The Institutes) which requires 4-5 hours of online study.  BFIS will refund the $92 cost for chosen interns. Interns will be majoring in subjects relevant to the insurance industry. (Previous interns were studying a variety of subjects including Risk Management, Insurance, Finance,  Economics, Law, Accounting, Geography, Marketing, etc.) During these syllabus-driven programmes students will study all aspects of the industry and meet insurance professionals at all levels. By approaching their college ahead of taking the internship, students may find they can receive credits for the course.

BFIS pays travel and room and board costs for the interns traveling overseas and gives students going overseas a stipend. In the past we have found that interns’ summer employers are very supportive of them taking part in the programme.


PROGRAMME HISTORY
In 2002 BFIS was approached by the Katie School of Insurance and Risk Management at Illinois State University to organise an insurance intern schedule for two of their students to study the Bermuda insurance market.  This gave us the opportunity to include two Bermudian students in the programme.

When we started the Chicago programme in 2006, the Katie School and their alumni now working in Chicago organised the Chicago schedule for BFIS and have continued to do so each year since, for which we are very grateful.

The London programme started in 2008 and many of our donor companies here in Bermuda were instrumental in encouraging their London offices to assist BFIS.

In 2012 we launched the Atlanta programme, again helped by companies with offices there and with assistance from Georgia State University and Bermudian insurance professionals now in Atlanta.