[Remote] Product Actuary at Ethos Life

United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurtech, Life Insurance, Financial Services, BiotechnologyIndustries

Requirements

Candidates should be experienced actuaries with expertise in life insurance products, underwriting, and pricing. They must have experience working with varied internal and external stakeholders and be able to think differently to create value and capitalize on market opportunities. A strong understanding of actuarial principles and practices is essential, along with the ability to develop and execute appropriate pricing technology and methods.

Responsibilities

The Product Actuary will support the development and management of Ethos’ product and carrier strategy, bringing new and innovative products to market through collaboration with internal and external stakeholders. They will identify opportunities to evolve existing products or modify product placement to maximize business economics, determine insurance product pricing and features in cooperation with partner carriers, and review pricing for new products and product enhancements. The role involves monitoring the competitive landscape and sales funnel performance, developing and maintaining detailed models of Ethos profitability, and collaborating with Product Performance to establish pricing assumptions. Additionally, the Product Actuary will provide insights to the underwriting and user experience team, deliver new products and product enhancements, develop and maintain insurance product specifications, and assist in the preparation of filings for regulatory authorities.

Skills

Actuarial modeling

Product development

Underwriting

Pricing

Data analysis

Life insurance

Risk management

Predictive analytics

Ethos Life

Online life insurance with no medical exams

About Ethos Life

Ethos Life provides life insurance solutions through a fully online platform, making it easier for individuals and families to obtain coverage without the need for medical exams. The application process is streamlined, allowing potential clients to receive instant quotes and often get approved within minutes by answering specific health and lifestyle questions. This approach contrasts with traditional life insurance methods, which can be lengthy and cumbersome. Ethos Life sells term and whole life insurance policies through partner carriers and earns commissions on these sales. Additionally, the company offers complimentary estate planning tools, such as free wills, to enhance the customer experience and set itself apart from competitors. The goal of Ethos Life is to provide straightforward and affordable life insurance options while simplifying the overall process for its customers.

Austin, TexasHeadquarters

2016Year Founded

$395.4MTotal Funding

SERIES_DCompany Stage

Financial ServicesIndustries

501-1,000Employees

Risks

Departure of key executives like CFO Anan Kashyap may affect financial strategy.

Class action lawsuit under Illinois genetic privacy law could harm Ethos's reputation.

Recent layoffs may indicate financial strain, affecting employee morale and performance.

Differentiation

Ethos Life offers a fully online life insurance application process, eliminating medical exams.

The company provides complimentary estate planning tools, enhancing customer value and experience.

Ethos partners with major insurers like Legal & General America to ensure policy reliability.

Upsides

Growing demand for no-exam life insurance policies boosts Ethos's market potential.

Increased consumer interest in digital insurance solutions aligns with Ethos's tech-driven model.

Partnerships with companies like Ameritas expand Ethos's product offerings and market reach.

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