Insurance Compliance Specialist at Cover Genius

Amsterdam, North Holland, Netherlands

Cover Genius Logo
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurtech, InsuranceIndustries

Requirements

  • 3+ years experience in a compliance role within the insurance industry or regulator
  • A Bachelor or Master degree in a relevant field
  • Good knowledge and understanding of Dutch and EU insurance law (Wft, IDD) and local EU law
  • Ability to communicate in a clear, concise manner both verbally and in writing, and the ability to build relationships with key stakeholders
  • Experience with identification, assessment, and frameworks for compliance risks
  • Ability to adapt quickly to a scale-up pace environment and culture
  • Aptitude for learning and implementing and maintaining compliance frameworks

Responsibilities

  • Establish and maintain overview of local regulatory changes in the EEA and assist in implementation of required changes
  • Support the global compliance team with compliance requests including due diligence questionnaires, management of the Incident reporting process, delivery of the Compliance Monitoring Plan and regulatory filings
  • Facilitate responses to periodic and ad hoc regulatory requests
  • Support periodic reviews to proactively identify compliance gaps and assist with implementation of corrective action
  • Assist with the establishment and maintenance of the Compliance processes and procedures including coordinating timely communications with internal and external stakeholders
  • Assist in establishing and maintaining the overview of overarching and local legislation in the EMEA region, including the UK
  • Be involved in the compliance aspects of the customer journey and assist in the ongoing compliance monitoring of Partners’ websites
  • Play an important role in the annual due diligence program on Partners
  • Handle regular ad-hoc requests from colleagues across the organisation
  • Support the regional compliance director in maintaining the company’s compliance programs and ensure that the insurance business has adequate controls, procedures, and processes in place to comply with all laws, regulations, and codes applicable to the sale of insurance and related products
  • Engage in regular cross-functional collaboration to ensure adherence to the Company’s risk appetite and guidelines to drive scalable processes which limit risk exposure

Skills

Insurance Compliance
Regulatory Compliance
EMEA Regulations
UK Legislation
Due Diligence
Compliance Monitoring
Compliance Frameworks
Customer Journey Compliance

Cover Genius

Embedded insurance solutions for digital platforms

About Cover Genius

Cover Genius specializes in providing embedded insurance solutions for digital platforms around the world. The company collaborates with major digital companies like Booking Holdings and Ryanair, and its services are available on popular e-commerce sites such as Amazon and eBay. Cover Genius simplifies the integration of insurance products into the purchasing process through a single API, making it easier for its partners to offer insurance at the point of sale. This approach allows customers to access tailored insurance options, including travel protection and extended warranties, without any hassle. Unlike many competitors, Cover Genius focuses on embedding insurance directly into the user experience, which enhances customer satisfaction and streamlines the buying process. The goal of Cover Genius is to provide comprehensive and customized insurance solutions that not only meet the needs of end-users but also support the growth of its partners' businesses.

New York City, New YorkHeadquarters
2013Year Founded
$235.4MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees

Benefits

Flexible working conditions
Employee stock options
Ongoing learning
Paid parental leave
Wellness initiatives
#WFH when you want
Peer bonuses and founder awards program
International working opportunities
GC Gives giveback program, led by the team

Risks

Competition from Smartpay and Chubb in Asia may hinder expansion efforts.
AutoRek and J.P. Morgan Payments partnership could offer competitive advantages to rivals.
Nezasa and Globespan's personalized travel experiences may reduce demand for travel protection.

Differentiation

Cover Genius offers seamless integration through a single API for global platforms.
The company partners with major digital companies like Booking Holdings and Amazon.
Cover Genius provides tailored insurance products, enhancing customer satisfaction and partner growth.

Upsides

Increased demand for embedded insurance in e-commerce boosts Cover Genius's integration opportunities.
Partnership with Adyen enhances payment experiences, leading to higher conversion rates.
$80M Series E funding indicates strong investor confidence and growth potential.

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