Full-Time

Insurance Analyst

Confirmed live in the last 24 hours

Fairmatic

Fairmatic

51-200 employees

Data-driven auto insurance for fleet businesses

Fintech
Financial Services

Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
SQL
Business Analytics
Data Analysis
Requirements
  • Bachelor’s degree in Business, Finance, Economics, or a related field.
  • 3-5 years of total experience business analytics, insurance or similar experience at a tech company.
  • Strong data analysis skills, with proficiency in tools such as Excel, SQL, and data visualization software.
  • Excellent project management skills, with the ability to manage multiple projects simultaneously.
  • Strong attention to detail, particularly in data management, analytics and auditing.
  • Excellent communication and interpersonal skills, with the ability to work collaboratively across teams.
  • Ability to navigate and excel in fast-paced, ambiguous environments with minimal guidance.
Responsibilities
  • Ensure proper tracking of key metrics with regards to loss performance and portfolio mix.
  • Routine analysis of trends relating to common insurance statistics including frequency, severity and loss ratio.
  • Support strategic initiatives/projects based on data and trend (internal and external) analysis and ongoing internal strategy.
  • Manage ongoing feedback loops between internal users of business analytics tools and work with the engineering org to advance views in a user-friendly format.
  • Work cross-functionally and support ongoing auditing processes to ensure integrity and consistency of data.

Fairmatic offers auto insurance solutions tailored for businesses that manage vehicle fleets, such as construction and logistics companies. By utilizing data and artificial intelligence, Fairmatic helps these fleets save money and improve operations through features like a fleet dashboard with safety tips and digital incident reporting. A standout aspect of Fairmatic's service is its performance-priced insurance, which allows fleets to lower their premiums monthly based on their performance. The company aims to provide flexible, cost-effective, and efficient insurance solutions while ensuring reliable coverage through partnerships with leading insurers.

Company Stage

Series B

Total Funding

$85.6M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

6%

1 year growth

20%

2 year growth

96%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $46 million Series B funding round indicates strong investor confidence and provides resources for further AI innovation.
  • The appointment of experienced industry leaders like Jim Hinchley and Boaz Ram strengthens Fairmatic's executive team, potentially driving strategic growth.
  • Fairmatic's backing by leading insurers with high AM Best ratings offers clients confidence and peace of mind.

What critics are saying

  • The insurtech market is highly competitive, requiring continuous innovation to maintain a competitive edge.
  • Dependence on AI and data analytics means that any technological failures or inaccuracies could significantly impact service quality and client trust.

What makes Fairmatic unique

  • Fairmatic's performance-priced auto insurance model allows fleets to lower their premiums monthly, unlike traditional fixed-premium models.
  • The use of AI and data analytics for proactive risk management and driver safety sets Fairmatic apart from conventional fleet insurance providers.
  • Fairmatic's seamless claims management service aims to expedite the process, reducing downtime for fleet operations.

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