Embroker

Lawyers Professional Liability (LPL) Underwriter

Remote

$70,000 – $90,000Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Insurtech, Financial ServicesIndustries

Requirements

Candidates must possess a Bachelor's degree in finance, business, risk management, or a related field. A minimum of 4 years of management liability underwriting experience is required, along with a strong understanding of state and federal insurance regulations. Professional certifications such as CPCU or AU are considered a plus, as are strong interpersonal skills for building relationships with brokers, agents, and clients.

Responsibilities

The Lawyers Professional Liability (LPL) Underwriter will underwrite business outside the online quoting platform, contributing to the expansion of its appetite and portfolio optimization. This role involves refining risk appetite and market fit, shaping strategic initiatives, and managing the production underwriting for referrals of new and renewal business. Responsibilities include setting profitable terms, conditions, and pricing, analyzing insurance applications to assess risk, making underwriting decisions, developing policy pricing, and communicating with brokers, agents, and clients. The underwriter will also manage and monitor an assigned portfolio, collaborate with claims, actuarial, and insurance product teams, ensure compliance with regulations and company standards, and utilize data analysis for reporting and improving underwriting guidelines. Additionally, the role involves assisting the Insurance Product Team with projects to drive growth, scale, and profitability.

Skills

Underwriting
Risk Assessment
Portfolio Optimization
Insurance Product Development
Pricing
Commercial Insurance
Management Liability
Market Penetration

Embroker

Digital platform for business insurance solutions

About Embroker

Embroker provides a modern insurance platform that simplifies the insurance process for businesses, particularly in the tech sector. It offers tailored products like Directors & Officers (D&O) insurance and Cyber Liability insurance, with a special "Startup Package" that helps new businesses secure necessary coverage quickly and affordably. By leveraging technology, Embroker delivers instant quotes and data-driven recommendations, enhancing transparency and trust. The company's goal is to transform the business insurance landscape by offering fast, cost-effective solutions tailored to the needs of tech companies and startups.

San Francisco, CaliforniaHeadquarters
2015Year Founded
$165.8MTotal Funding
SERIES_CCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Work from Home Office Set-up Stipend
Paid Subscription for Wellable Wellness
Stock Options
401(k) Company Match
401(k) Retirement Plan
Employee Assistance Program
Pet Insurance
Long Term Disability
Flexible Spending Accounts
Sick Time
Paid Parental Leave
RRSP with Employer Match

Risks

Increased competition from digital insurance platforms may erode Embroker's market share.
Rapid technological advancements could outpace Embroker's integration capabilities.
Economic downturns might reduce insurance spending by startups and tech companies.

Differentiation

Embroker offers a unique 'Startup Package' for early-stage tech companies.
The ONE platform provides tailored insurance solutions for specific industries like consultants.
Embroker's digital-first approach ensures instant quotes and data-driven recommendations.

Upsides

Growing demand for cyber insurance boosts Embroker's market for cyber liability products.
Partnership with Everspan enhances digital integration and seamless insurance solutions.
Rebranding and website redesign improve user experience and transparency.

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