[Remote] Senior Specialty Underwriter, Midwest at Honeycomb Insurance

Chicago, Illinois, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

5+ years of Habitational underwriting/insurance experience
Strong knowledge of habitational insurance products, coverages, and underwriting principles
Bachelor’s degree or equivalent education/experience preferred
Retail agency relationship preferred
Curiosity, hardworking, self-accountable, positive attitude, humble and fun
Have an opinion, share your opinion and be open to other opinions
Passion to obtain, retain and employ knowledge – as well as share knowledge
Excellent verbal and written communication skills
Strong analytical skills and attention to detail
Territory is IL, MI, OH, IN, WI, MN
Candidate should be located in the defined MidWest territory with a working understanding of the MidWest insurance landscape

Responsibilities

Next-generation risk assessment – deinvesting away from binary underwriting and revisioning risk selection utilizing mega data, AI and curiosity
Modernized underwriting using cutting edge technology to more accurately and quickly assess risk, price and bespoke coverage/terms to profitably grow and manage a book of business
Playing a pivotal role in establishing and shaping our presence in the light-nondamitted market
Quote and release new light nonadmitted business that has been either referred from underwriting algorithm or seeking changes that exceed user authority thresholds
Analyze and approve requested policy changes, ensuring compliance with underwriting guidelines and regulatory requirements
Maintain familiarity and compliance with E&S state insurance regulations and ISO rules for all states within assigned underwriting territory
Maintain open, transparent and supportive communications with team members and interdivisional partners
Monitor E&S portfolio composition via reports, audits and inspections
Support marketing functions and efforts to build and promote Honeycomb
Complete special projects and assignments
Some travel as deemed necessary <10%

Skills

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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