Underwriting Assistant at Honeycomb Insurance

Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor’s degree preferred; equivalent work experience considered
1-3 years of insurance experience, preferably in underwriting support or operations
Strong attention to detail and organizational skills
Excellent communication skills (both verbal and written)
Ability to work independently and collaboratively in a fast-paced environment
Willingness to learn underwriting principles and pursue professional development
Must live in Chicago and be able to work hybrid 3 days a week (Tues - Thurs) out of the Chicago Board of Trade office

Responsibilities

Assist underwriters in reviewing and processing new business submissions, endorsements, and renewals
Communicate with agents and brokers to obtain missing information when needed
Monitor and prioritize incoming underwriting requests, referrals, and service tickets
Help coordinate inspections, evaluations, and third-party reports as needed
Ensure compliance with internal underwriting rules and regulatory guidelines
Contribute to continuous improvement initiatives within the underwriting operations

Skills

Key technologies and capabilities for this role

UnderwritingRisk AssessmentAdministrative SupportOperational TasksInsurance

Questions & Answers

Common questions about this position

What experience is required for the Underwriting Assistant role?

A Bachelor’s degree is preferred with equivalent work experience considered, plus 1-3 years of insurance experience, preferably in underwriting support or operations.

What are the main responsibilities of the Underwriting Assistant?

The role involves assisting underwriters with new business submissions, endorsements, and renewals; communicating with agents and brokers; monitoring requests; coordinating inspections; ensuring compliance; and contributing to process improvements.

What is the company culture like at Honeycomb Insurance?

Honeycomb fosters a culture where innovation is celebrated, employees feel deeply connected to the mission and each other, and smart people challenge you to be better every day, with recognition as one of America’s Greatest Startup Workplaces.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary for the Underwriting Assistant position?

This information is not specified in the job description.

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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