Junior Underwriter at Cover Genius

Amsterdam, North Holland, Netherlands

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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

Key technologies and capabilities for this role

UnderwritingInsurance ProductsProduct DevelopmentPricingRegulatory ComplianceCoverage AnalysisRisk ManagementPortfolio Management

Questions & Answers

Common questions about this position

What salary is offered for the Junior Underwriter position?

This information is not specified in the job description.

Is the Junior Underwriter role remote or office-based?

This information is not specified in the job description.

What skills and experience are required for the Junior Underwriter role?

Ideal candidates have 1+ years in insurance product development, pricing, and/or underwriting; experience designing and writing policy wordings; ability to communicate complex ideas clearly; problem-solving skills; and experience with IDD and Consumer Duty regulations (preferred).

What is the company culture like at Cover Genius?

Cover Genius has a diverse team across 20+ countries committed to diverse cultural programs like 'CG Gives' that fund global community initiatives. Their people are described as Bold, Authentic, Purposeful, and Inspired, and not Perfect, Traditional, Complacent, or Cautious.

What makes a strong candidate for the Junior Underwriter position?

Strong candidates will have insurance experience, skills in product development and policy wording, clear communication, problem-solving, regulatory knowledge, relationship-building, and excellent organizational skills to independently manage tasks.

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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