Junior Underwriter at Cover Genius

Amsterdam, North Holland, Netherlands

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

Requirements

  • 1+ years 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 in a clear, concise manner both verbally and in writing
  • Problem solving and advocating for customer solutions
  • Experience of working within IDD and Consumer Duty regulations - preferable
  • Proven ability to foster and develop relationships with key external and internal stakeholders
  • Excellent organisational skills and the ability to independently take initiative on projects
  • Ability to adapt quickly to a start-up pace environment and culture
  • Produce reports and analyse performance to maximise opportunity and market share
  • A clear understanding of product design and proposition - what makes it a success or failure

Responsibilities

  • Day to day management 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

Underwriting
Insurance Products
Product Development
Pricing
Regulatory Compliance
Coverage Analysis
Risk Management
Portfolio Management

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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