State FarmResearch Center

at the University of Illinois

State 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 boats

Industry 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, IL

About State Farm

Zone Structure

State Farm Research Center

State Farm Research Center2001 S. First Street

Champaign, IL

• Extend current research efforts

• Collaborate with faculty and students

• Create real-world educational opportunities

Research Center Purpose

• Property & Casualty Actuarial– Responsible for pricing of insurance

• Strategic Resources– Includes corporate research

functions

• Systems– Information

Technology

Partnering Departments

• On-Campus location in south Research Park

The Space

• 13 full-time employees

• 65 student interns – Fall ‘07

• Corporate affiliates

SFRC Staff

• 10-15 hours/week

• Flexible work hours

• Pay starts at $14/hour

• Easy campus access

Academic Semester Internships

• Full-time

• Competitive pay rates

• Broader range of experiences– innovationRED project assignment– Speaker Series– Corporate Visits– SPEAK Program– Social Activities

Summer 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 Services

Student Projects - SR

Student 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 Research

Student Projects – Systems

• Send resumes to:SFRC@statefarm.com

• Now recruiting for:– Spring and summer internships

To Apply

sfresearchcenter.com