How to Write a Cover Letter for an Insurance Analyst Trainee Position
Highlight your education and strong analytical skills
As an entry-level business analyst, your cover letter should highlight previous work and educational experience. Since your job will deal largely with data and reports, you should include examples of the technical business skills you have learned and used as part of your education and in previous positions. Try to address as closely as possible the requirements stated in the job description for the best chance at gaining an interview.
What to Include
If you have a reference or referral from someone you know, you should include it early in your cover letter. Having someone, ideally someone in the insurance industry, vouch for you can make the difference in scoring an interview or not, especially at the entry level. If you know someone with a contact at your target company, reach out to that person and seek an endorsement. If you don't have any connections to an employee at your target company, include a reference from someone in the insurance industry with whom you have interned, worked or studied.
In your cover letter, go into more detail about certain aspects of the qualifications and experiences that you mention in your resume. This is your opportunity to explain how certain skills were applied during internships and previous positions. Don't just say that you understand insurance rules. Get specific and note that you how you have previously utilized your familiarity with HIPAA Compliance and Security Policies and Procedures or with Medicare rules and regulations, depending on what the job listing mentions.
You can also discuss specific projects that you worked on as a part of your coursework that you feel are relevant to the open position.
Remember that your cover letter works together with your resume to present you as a well-qualified candidate. Try to use your cover letter to enhance and provide details for the most important aspects of your resume as they relate to the job you are applying for.
Point out how your analyst internship at ABC company has already taught you many of the skills you will need as an Insurance Analyst Trainee at XYZ Company.
The following is a cover letter example for insurance analyst trainee position. You can use this cover letter as a guide, adjusting the details to fit your circumstances and the specific job to which you are applying.
Insurance Analyst Trainee Cover Letter Example
Your City, State, Zip Code
Your Cell Phone Number
City, State, Zip Code
Dear Mr./Ms. Lastname,
I would like to express my interest in an insurance analyst trainee position with XYZ Company. Throughout my job search and conversations with insurance industry personnel, I have come to respect the professionalism that characterizes your firm and its employees. I am confident that XYZ Company’s values and objectives would highly complement my own strengths and enthusiasm. I would like to be considered for your Insurance Analyst Trainee role, or a similar position that requires refined analytical and communication skills.
Evidence of my leadership and analytical skills can be seen in my responsibilities as analyst intern at ABC Company, and my commitment to academics.
My educational background in government and business, combined with my internship experiences, has been excellent preparation for an analyst career with XYZ Company.
Please review the enclosed resume and references, and consider my application for your Insurance Analyst Trainee role. I would appreciate the opportunity to meet with you in New York and explore the company environment, as well as possible job opportunities. I will call your office next week to discuss these possibilities.
I look forward to exchanging ideas with you concerning a career at XYZ Company and the positive contributions I would offer as a member of your organization.
Thank you for your consideration.
Signature (hard copy letter)
How to Send an Email Cover Letter
If you're sending a cover letter via email, the format will vary from that of a traditional written letter.
The subject line should contain your name and the job title:
Subject: Insurance Analyst Trainee Position—Firstname Lastname
Include your contact information in your email signature, and don't list the employer contact information. Start your email message with the salutation. The body of the letter will be exactly the same as in a written cover letter. Do not use abbreviations and be sure to proofread thoroughly.
If you are applying for the job by email, make sure that you follow the directions completely. Different companies will prefer that your documents be presented in different formats; some will request Word documents, others will want them in a PDF, and others may specify something else. Your application won’t make it through the screening process if you don’t follow the directions, no matter how qualified you may be, so read carefully and make sure you understand and follow those instructions.
Proofreading your investment banking cover letter
Be absolutely sure your cover letter is free of any spelling or grammatical errors. Having an error could result in an automatic ding from the bank. Investment banking requires such extraordinary attention to detail, that if your cover letter or resume contain any errors it may be an easy excuse to pass on to the next candidate. If you have time, have someone else read your cover letter as sometimes it’s hard to find your own typos.
Once you land a first round interview at the bank, be sure to check out our investment banking interview guide. This guide is based on a real template used at a bulge bracket bank to hire new analysts and associates. For additional practice, you may want to look at our equity research interview questions as well. The key to investment banking interviews is good preparation and practice.
More career resources
We hope this has been a helpful guide to writing you investment banking cover letter. Please be sure to download our free template and see our additional resources to help you land a job in IB: