Underwriter I

Remote

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$58,000 – $73,000Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Insurtech, FintechIndustries

Requirements

Candidates must possess 3 to 5 years of prior underwriting experience in auto and personal lines, demonstrating proficiency in risk evaluation, selection, and retention. A license and understanding of the personal lines and auto insurance space are required, along with superior customer service, interpersonal, and communication skills. The ability to work independently in a fast-paced, ever-changing environment with limited structure and context switch seamlessly between tasks is essential. Proficiency in Google Suite or similar tools and strong business acumen for making intelligent decisions that drive profitability and customer retention are also necessary. Critical thinking and problem-solving skills are required.

Responsibilities

The Underwriter I will assess risks and determine the profitability of insurance policies, ensuring adherence to statutory and company requirements and guidelines to meet profitability and business targets. This role involves reviewing submissions, endorsements, inspections, and renewal reviews within assigned authority limits, and escalating complex cases to senior underwriters. Responsibilities include processing policy changes, providing mentorship and support to teams, following policies from new business through their lifecycle, and participating in retention task forces. The Underwriter will also collaborate on new risk evaluation methods, improve customer workflows and automation, and work with operations management on de-escalations and negative reviews. Additional tasks may include supporting operations, claims, and other cross-functional teams, as well as assisting with ad hoc projects.

Skills

Risk Evaluation

Risk Selection

Underwriting

Insurance Policy Assessment

Personal Lines Insurance

Auto Insurance

Statutory Requirements

Company Guidelines

KPI Management

Quality Assurance

Kin Insurance

Simplifies home insurance for homeowners

About Kin Insurance

Kin Insurance simplifies the home insurance experience for homeowners, especially those living in coastal areas. The company offers clear and straightforward insurance options that are easy to understand and obtain, addressing the complexities and high costs typically associated with home insurance. By providing direct-to-consumer policies, Kin eliminates the need for brokers or agents, which helps reduce costs and allows for more personalized service. This model fosters a closer relationship with clients, enhancing customer satisfaction. Kin uses technology and data to offer competitive rates and tailor coverage to meet individual homeowner needs. Their commitment to transparency and customer support is evident, with many clients saving an average of $500 when switching to Kin. The goal of Kin Insurance is to make home insurance more accessible, affordable, and customer-focused, distinguishing itself in the competitive insurance market.

Chicago, IllinoisHeadquarters

2016Year Founded

$317.1MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Medical, dental, and vision

Life & disability

Commuter benefits

401k

Education & professional development

Flexible PTO

Company provided lunch

Risks

Increased competition from insurtech companies like Lemonade and Hippo.

Potential impact of climate change on coastal areas could raise claims costs.

Regulatory challenges in new markets like Texas may complicate operations.

Differentiation

Kin Insurance offers direct-to-consumer policies, eliminating the need for brokers.

The company uses extensive property data for precise pricing and improved underwriting.

Kin focuses on coastal homeowners, providing tailored insurance solutions for high-risk areas.

Upsides

Kin's expansion into Texas taps into an underserved market with high demand.

The company achieved a $1bn valuation, securing its Unicorn status in 2023.

Kin's technology-driven model ensures competitive rates and personalized service.

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