Honeycomb Insurance

Senior Specialty Underwriter, Midwest

Midwest City, Oklahoma, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, Financial ServicesIndustries

Requirements

Candidates should possess 5+ years of habitational underwriting/insurance experience, a strong knowledge of habitational insurance products, coverages, and underwriting principles, and a Bachelor’s degree or equivalent education/experience preferred. Retail agency relationship experience is also preferred, along with curiosity, a hardworking attitude, self-accountability, a positive outlook, humility, and a fun personality. Candidates should also have an opinion, be open to other opinions, and possess a passion for obtaining, retaining, and employing knowledge, as well as sharing it. Excellent verbal and written communication skills, and strong analytical skills and attention to detail are required. The candidate must be located in the Midwest territory with a working understanding of the Midwest insurance landscape.

Responsibilities

The Senior Specialty Underwriter will play a pivotal role in establishing and shaping Honeycomb’s presence in the light-nondamitted market, quoting and releasing new light nonadmitted business, analyzing and approving requested policy changes, maintaining familiarity with E&S state insurance regulations and ISO rules, monitoring the E&S portfolio composition, supporting marketing functions, completing special projects and assignments, and potentially traveling up to 10% as needed. They will also utilize next-generation risk assessment techniques, modernized underwriting using cutting-edge technology, and engage in mentorship, training, and network expansion opportunities.

Skills

Data Analysis
AI
Risk Assessment
Underwriting
Insurance
Market Analysis
Technology Adoption

Honeycomb Insurance

Real estate insurance for property owners

About Honeycomb Insurance

Honeycomb Insurance simplifies real estate insurance for condo associations, homeowners associations (HOAs), building owners, property managers, and developers. The company provides instant quotes and cost savings of up to 40% by using advanced technology and expert advice. Unlike competitors, Honeycomb focuses on a people-centered, tech-driven approach that streamlines the insurance process. Its goal is to make real estate insurance more efficient and accessible for a diverse range of clients.

Chicago, IllinoisHeadquarters
2019Year Founded
$53.2MTotal Funding
SERIES_BCompany Stage
AI & Machine Learning, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Stock Options
401(k) Retirement Plan
Unlimited Paid Time Off
Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.
Regulatory challenges may arise as Honeycomb expands into new states.
Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.
The company uses AI to bypass traditional property inspections, enhancing efficiency.
Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.
Operating in 16 states, Honeycomb plans to triple insured assets next year.
AI-driven underwriting reduces costs and improves risk assessment accuracy.

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