Insurance Product Manager / Underwriter at Cover Genius

London, England, United Kingdom

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Insurtech, InsuranceIndustries

Requirements

5+ years of experience in working in insurance product development, pricing, and/or underwriting at an insurer or broker
Experience in designing and writing policy wordings and other insurance-related documentation
Ability to communicate complex ideas clearly and concisely, both verbally and in writing
Problem-solving skills and ability to advocate for customer solutions
Experience working within IDD (Insurance Distribution Directive) and Consumer Duty regulations (preferred)
Proven ability to foster and develop relationships with key external and internal stakeholders
Excellent organizational skills

Responsibilities

Day-to-day management of existing product portfolios, including reporting and improvements to underwriting, product, and policy wording
Support the solutions team in the development of new products across various business verticals and insurance product lines
Tailor products for new partners, supporting the partnerships team with customer-centric solutions
Weekly and monthly general reporting, including presenting commentary at meetings as needed

Skills

Key technologies and capabilities for this role

UnderwritingInsurance Product ManagementProduct DevelopmentPricing StrategyRegulatory ComplianceCoverage AnalysisPolicy WordingProduct Strategy

Questions & Answers

Common questions about this position

What experience is required for the Insurance Product Manager / Underwriter role?

Candidates need 5+ years of experience in insurance product development, pricing, and/or underwriting at an insurer or broker.

What key skills are needed for this position?

Required skills include experience in designing and writing policy wordings, clear communication of complex ideas, problem-solving, advocating for customer solutions, and fostering stakeholder relationships. Excellent organizational skills are also essential, with preference for experience in IDD and Consumer Duty regulations.

What is the company culture like at Cover Genius?

Cover Genius has a diverse team across 20+ countries and many language groups, committed to diverse cultural programs like “CG Gives,” which turns employees into social entrepreneurs and funds global community initiatives.

Is this role remote or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

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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