Senior Underwriter, MGA at Simply Business

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, InsurtechIndustries

Requirements

Bachelor's degree or at least 8 years of relevant work experience
5+ years of experience in commercial lines underwriting
Expertise in Professional Liability and Property (strong plus)
Solid understanding of core Property & Casualty lines, including BOP, Package, General Liability, and Professional Liability
Comfortable working in a data-driven environment with solid understanding of pricing models, insurance workflows, and underwriting guidelines
CPCU or similar insurance designation (considered a plus)
Strong communication skills (inferred from context)

Responsibilities

Manage the underwriting quality and profitability of the MGA book, ensuring adherence to reinsurance guidelines and regulatory requirements
Work within the Underwriting Workbench to review risk alerts and document decision-making
Actively analyze key trends across new business and renewal cycles, and the performance of various products across lines, geographic regions, and distribution channels within the book of business, collaborating closely with the underwriting, product, and analytics teams
Use internal and external data to develop product recommendations that help grow programs
Work cross-functionally with insurance product, marketing, service, and other SB teams to optimize products and processes
Influence change with internal and external partners, challenging norms, and thinking outside the traditional underwriting box
Actively collaborate with and influence external stakeholders—from reinsurers to claims administrators—to drive strategic changes that support growth and profitability of the MGA

Skills

Underwriting

Portfolio Management

Risk Assessment

Data Analysis

Product Development

Profitability Analysis

Insurance

MGA

Simply Business

Provides tailored business insurance online

About Simply Business

Simply Business provides business insurance specifically designed for small businesses and landlords in the UK. Their offerings include various types of insurance such as public liability, professional indemnity, employers' liability, and specialized coverages like tool and van insurance. Clients can easily obtain quotes and purchase policies through their online platform, which allows for quick adjustments to coverage as business needs evolve. Unlike many traditional insurance providers, Simply Business focuses on the unique requirements of small enterprises, making the insurance process straightforward and flexible. Their goal is to be a reliable partner for small business owners, helping them protect their operations with tailored insurance solutions.

London, United KingdomHeadquarters

2000Year Founded

ACQUISITIONCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Hybrid Work Options

Mental Health Support

Flexible Parental Leave

Paid Sabbatical

Life Event Leave

Professional Development Budget

Competitive Salary

Performance Bonus

401(k) Company Match

Private Medical Insurance

Health Cash Plan

Paid Vacation

Life Assurance

Flexible Benefits Scheme

Remote Work Options

Risks

Increased competition from new insurtech startups could erode market share.

New UK CEO may lead to strategic shifts misaligned with market demands.

Acquisition by Travelers may affect Simply Business's operational autonomy.

Differentiation

Simply Business offers tailored insurance for small businesses and landlords in the UK.

Their digital-first platform simplifies the insurance buying process for clients.

Partnerships with insurers expand their range of customizable insurance products.

Upsides

Growing demand for digital insurance solutions benefits Simply Business's online platform.

Partnership with Coterie Insurance expands BOP coverage nationwide.

Focus on mental health support enhances customer loyalty and brand reputation.

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