Honeycomb Insurance

Underwriting Team Lead, California

United States

Honeycomb Insurance Logo
$60,000 – $90,000Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, UnderwritingIndustries

Requirements

Candidates should possess at least 5 years of underwriting or insurance experience, with management or mentorship experience strongly preferred, and a Bachelor’s degree or equivalent education/experience. Prior experience in retail agency relationships is desirable, along with a passion for obtaining, developing, retaining, and employing knowledge, and the ability to share knowledge effectively.

Responsibilities

The Underwriting Team Lead will participate in and assist in the development of next-generation risk assessment, utilizing data, AI, and curiosity to move away from binary underwriting. They will oversee ongoing education, mentorship, and professional development for direct reports, lead training sessions and weekly team meetings, analyze and approve policy changes, maintain familiarity with state insurance regulations and ISO rules, communicate effectively with team members and partners, create technical training material, monitor team portfolio composition, support marketing and HR efforts, and complete special projects and assignments. Additionally, the role requires some travel as deemed necessary, up to 25%.

Skills

Risk Assessment
Data Analysis
AI
ISO Rules
State Insurance Regulations
Training Material Development
Portfolio Management
Communication
Mentorship
Leadership

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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