Honeycomb Insurance

Senior Underwriter, California

United States

$100,000 – $120,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, InsureTechIndustries

Requirements

Candidates should possess at least 4 years of underwriting or insurance experience, a Bachelor’s degree or equivalent education/experience, and a preference for experience in retail agencies. They should also demonstrate curiosity, a hardworking attitude, self-accountability, a positive outlook, humility, and a fun-loving personality, as well as a willingness to share their opinions and be open to those of others.

Responsibilities

The Senior Underwriter will quote and release new and renewal business, analyze and approve policy changes, maintain familiarity with state insurance regulations and ISO rules, communicate effectively with team members and partners, monitor portfolio composition, support marketing functions, and complete special projects and assignments, potentially involving some travel up to 20%.

Skills

Risk Assessment
AI
Data Analysis
Underwriting
Insurance Regulations
Policy Management
Regulatory Compliance
Communication

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.

Key Metrics

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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