Full-Time

Insurance Product

Designer

Confirmed live in the last 24 hours

Cover Genius

Cover Genius

501-1,000 employees

Embedded insurance solutions for digital platforms

Fintech
Financial Services

Compensation Overview

$147k - $202kAnnually

+ Equity + Annual Bonus Plans

Senior

Remote in USA

Category
Product & UX/UI Design
UI/UX & Design
Required Skills
Product Design
Requirements
  • Ideal candidate will possess a minimum of 6 years' experience in insurance product design, having pricing or actuarial background is a plus.
  • Track record in developing insurance products
  • Experience working cross functionally to deliver large and complex projects.
  • Experience in designing and writing policy wordings and other insurance related documentation
  • Ability to communicate complex ideas in a clear, concise manner both verbally and in writing
  • Problem solving and advocating for customer solutions
  • Proven ability to foster and develop relationships with key external and internal stakeholders
  • Excellent organisational skills and the ability to independently take initiative on projects
  • Ability to adapt quickly to a start-up pace environment and culture
  • Produce reports and analyze performance to maximize opportunity and market share
  • A clear understanding of product design and proposition - what makes it a success or failure
  • Experience working in producing business in multiple markets around the world is an advantage
  • Experience in product entry strategies, product designs and growing revenue
  • Professional approach
  • Ability to work under pressure
  • Organisational and time management skills
  • Excellent attention to detail
  • Confident manner
  • Positive approach to change
Responsibilities
  • Develop insurance solutions across various business verticals, supporting regional business unit teams with customer-centric solutions.
  • Work closely with the insurance partnership team on developing product solutions for new partnerships and preparing proposals and financial modeling.
  • Ownership for the development and execution of the strategic product roadmap and working closely with other internal teams to drive better customer experience.
  • Collaborate with the regional insurance teams to get market feedback and support the regional teams in their conversations with the insurers.
  • Continuous improvement of our product benefits to improve NPS, operational costs, and loss ratios by collaborating with cross-functional teams, including customer, insurance, and analytics.
  • Create standardized insurance products, and support regional insurance teams for launching them.
  • Continuing development of depth of knowledge of specific product lines, including coverage innovations, pricing changes, and regulatory developments.

Cover Genius specializes in providing embedded insurance solutions for digital platforms around the world. The company collaborates with major digital companies and is integrated into popular e-commerce sites like Amazon and eBay. Its main product is a single API that allows partners to easily incorporate insurance offerings into their purchasing processes, creating a smooth experience for users. Unlike many competitors, Cover Genius focuses on embedding insurance directly into the buying journey, which helps to simplify the process for both businesses and customers. The goal of Cover Genius is to deliver tailored insurance products, such as travel protection and shipping insurance, that not only meet the needs of their diverse clients but also enhance customer satisfaction and support the growth of their partners' businesses.

Company Stage

Series E

Total Funding

$235.4M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

9%

2 year growth

32%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $80M Series E funding round will accelerate growth and technological advancements, providing more opportunities for employees.
  • Achieving 107% YOY revenue growth despite a tech funding slowdown indicates strong market demand and financial health.
  • Partnerships with companies like Priceline and Adyen enhance Cover Genius' market reach and operational efficiency.

What critics are saying

  • The insurtech market is highly competitive, requiring continuous innovation to maintain a competitive edge.
  • Dependence on partnerships for market penetration could pose risks if any major partner withdraws or underperforms.

What makes Cover Genius unique

  • Cover Genius specializes in embedded protection solutions, setting it apart from traditional insurance providers.
  • Their global distribution platform, XCover, offers instant claims processing and payments, enhancing customer experience and partner satisfaction.
  • Strategic partnerships with major brands like Uber, Ryanair, and eBay highlight their ability to integrate seamlessly into various industries.

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Benefits

Flexible working conditions

Employee stock options

Ongoing learning

Paid parental leave

Wellness initiatives

#WFH when you want

Peer bonuses and founder awards program

International working opportunities

GC Gives giveback program, led by the team