Technical Underwriter, Insurance Innovation

United States

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$90,000 – $120,000Compensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance Technology, Life InsuranceIndustries

Requirements

Candidates must possess over 5 years of experience in production life insurance underwriting and at least 1 year of experience with underwriting rules engines. Proficiency in data analysis, experience with MIB codes and procedures, and an understanding of the legal/compliance framework for life insurance underwriting are essential. Preferred qualifications include AALU, ALMI, or CLU certifications, experience evaluating rescissions and contestable claims, conducting underwriting audits, and performing User Acceptance Testing (UAT). The ideal candidate is a self-starter, adaptable, and thrives in an independent work environment.

Responsibilities

The Technical Underwriter will enhance, monitor, and support the underwriting logic and data within the instant decision underwriting platform. Responsibilities include conducting audits to assess platform performance and review decisions, monitoring underwriting metrics to identify improvement opportunities, and executing underwriting strategy in accordance with established guidelines. The role also involves administrative tasks such as auditing underwriting data vendors, processing reinstatements/reconsiderations, and conducting initial rescission reviews.

Skills

Underwriting logic

Data analysis

Underwriting rules engines

MIB codes

Risk management

Auditing

Life insurance underwriting

Bestow

Digital platform for life insurance solutions

About Bestow

Bestow offers a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. Their technology streamlines the application process using advanced underwriting methods, allowing customers to receive instant decisions on their coverage. Bestow's software manages the entire insurance lifecycle, which helps reduce costs and enables the rapid launch of new insurance products. Additionally, the company utilizes data solutions to enhance customer data for better marketing strategies and audience targeting. Unlike traditional insurance providers, Bestow emphasizes a user-friendly experience and affordability, with coverage starting at $11 per month. Their goal is to provide accessible life insurance while maintaining high customer satisfaction, as evidenced by their excellent ratings and A+ Better Business Bureau score.

Dallas, TexasHeadquarters

2017Year Founded

$133.8MTotal Funding

SERIES_CCompany Stage

Data & Analytics, FintechIndustries

201-500Employees

Benefits

Competitive salary

Equity

Annual bonus based on company and individual performance

Flexible PTO plan

Medical, dental, & vision insurance

Paid parental leave

Annual lifestyle spending account

Flexible work-from-home policy

Learning & development opportunities

Risks

Departure of key compliance officer may affect regulatory risk management.

Pending Sammons acquisition could alter Bestow's strategic direction.

Recent layoffs and low website traffic indicate potential customer engagement challenges.

Differentiation

Bestow offers a digital platform simplifying life insurance purchase processes.

The company uses advanced underwriting technology for quick insurance application decisions.

Bestow's data-driven approach optimizes marketing and audience segmentation.

Upsides

Growing demand for digital insurance solutions boosts Bestow's market potential.

Partnership with Transamerica enhances Bestow's market reach and credibility.

InsurTech investments provide growth opportunities for Bestow's technology-driven solutions.

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