QuoteWell

Life Sciences Broker

United States

QuoteWell Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, InsuranceIndustries

Requirements

Candidates should have sufficient experience to build a sizable book of business and possess the necessary licenses for their appropriate lines of business. Strong sales abilities and the capacity to handle high-volume deals are essential, along with excellent communication skills both in-person and written. Candidates must be organized, detail-oriented, and demonstrate a natural desire to see things through, with a history of being scrappy when it counts. Willingness and ability to travel as needed is also required.

Responsibilities

The Life Sciences Broker will drive sales and new carrier appointments to expand QuoteWell's footprint and support the evolution of wholesale operations. They will develop, maintain, and cultivate client and agent relationships, while soliciting, marketing, quoting, binding, and confirming new and existing business. The broker will negotiate the best terms and coverages available with accessible markets and partner with Product, Engineering, and Operations teams to build solutions that streamline efforts across the full policy lifecycle in the surplus lines space.

Skills

Sales
Negotiation
Communication
Relationship Management
Policy Servicing
Quoting
Marketing
Organization
Detail-Oriented
Problem-Solving

QuoteWell

Streamlines commercial insurance submission process

About QuoteWell

Quotewell streamlines the commercial insurance submission process for independent agents by providing a platform that simplifies and automates tasks. The platform combines various questions into a single form application, allowing for quick and secure data transfers to multiple insurance carriers. This integration helps agents focus on more important activities, like expanding their business, rather than getting bogged down by paperwork. Quotewell differentiates itself from competitors by collaborating with local independent agencies to tailor its solutions to their specific workflows. The company operates on a subscription-based model, generating revenue through fees paid by agents and brokers who use the platform, with the goal of increasing efficiency and productivity in the commercial insurance market.

Key Metrics

Austin, TexasHeadquarters
2021Year Founded
$14.6MTotal Funding
SERIES_ACompany Stage
Enterprise Software, FintechIndustries
11-50Employees

Benefits

Competitive salaries + equity in the company
Medical, dental, & vision
FSA and HSA options
Unlimited vacation policy
Paid membership to One Medical
Company-sponsored 401K plan (Roth & Traditional)
Paid parental leave
Family forming benefits & reimbursements through Carrot

Risks

Competition from other insurtech startups could erode QuoteWell's market share.
Dependence on third-party providers like Herald poses potential partnership risks.
Regulatory scrutiny on AI-driven platforms may lead to compliance challenges.

Differentiation

QuoteWell integrates multiple carrier options into a single interface for agents.
The platform offers real-time quoting and binding through its partnership with Herald.
QuoteWell's AI-backed technology enhances submission and marketing processes for brokers.

Upsides

Increased adoption of AI tools enhances QuoteWell's insurance submission efficiency.
The rise of API-based solutions aligns with QuoteWell's real-time quoting capabilities.
Growing demand for digital-first solutions benefits QuoteWell's comprehensive platform.

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