Broker at QuoteWell

Austin, Texas, United States

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$60,000 – $80,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Skills

Key technologies and capabilities for this role

SalesProducerCommunication (Written)Communication (In-Person)NegotiationClient Relationship ManagementAgent Relationship ManagementRisk AssessmentQuotingBinding PoliciesConfirmation

Questions & Answers

Common questions about this position

What is the compensation for the Broker position?

The position offers competitive salaries plus equity in the company.

Is this a remote, hybrid, or in-office role?

This is a hybrid position.

What skills are required for the Broker role?

Required skills include sufficient experience at a wholesale brokerage, necessary licenses for appropriate lines of business, strong sales/producer abilities, excellent communication skills, and being organized and detail-oriented.

What is the company culture like at QuoteWell?

The culture is driven by a focus on impact, a shared growth mindset, empowered individuals, and integrity.

What makes a strong candidate for this Broker position?

Strong candidates have experience in construction, environmental, or energy risks, a history of being scrappy, the ability to handle high-volume deals quickly, and willingness to travel as needed.

QuoteWell

Streamlines commercial insurance submission process

About QuoteWell

Quotewell streamlines the commercial insurance submission process for independent agents by providing a platform that simplifies and automates tasks. The platform combines various questions into a single form application, allowing for quick and secure data transfers to multiple insurance carriers. This integration helps agents focus on more important activities, like expanding their business, rather than getting bogged down by paperwork. Quotewell differentiates itself from competitors by collaborating with local independent agencies to tailor its solutions to their specific workflows. The company operates on a subscription-based model, generating revenue through fees paid by agents and brokers who use the platform, with the goal of increasing efficiency and productivity in the commercial insurance market.

Austin, TexasHeadquarters

2021Year Founded

$14.6MTotal Funding

SERIES_ACompany Stage

Enterprise Software, FintechIndustries

11-50Employees

Benefits

Competitive salaries + equity in the company

Medical, dental, & vision

FSA and HSA options

Unlimited vacation policy

Paid membership to One Medical

Company-sponsored 401K plan (Roth & Traditional)

Paid parental leave

Family forming benefits & reimbursements through Carrot

Risks

Competition from other insurtech startups could erode QuoteWell's market share.

Dependence on third-party providers like Herald poses potential partnership risks.

Regulatory scrutiny on AI-driven platforms may lead to compliance challenges.

Differentiation

QuoteWell integrates multiple carrier options into a single interface for agents.

The platform offers real-time quoting and binding through its partnership with Herald.

QuoteWell's AI-backed technology enhances submission and marketing processes for brokers.

Upsides

Increased adoption of AI tools enhances QuoteWell's insurance submission efficiency.

The rise of API-based solutions aligns with QuoteWell's real-time quoting capabilities.

Growing demand for digital-first solutions benefits QuoteWell's comprehensive platform.

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