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Next Insurance

Online insurance platform for small businesses

Lead Actuary

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeWaltham, MA, USA

About the Job

Requirements

  • At least 6 years of actuarial experience, including an actuarial credential.
  • Accountability and pride in producing work that instills confidence in leadership.
  • Ability to communicate and collaborate effectively with cross-functional partners.
  • A self-driven mindset and willingness to embrace challenges and unexplored possibilities.
  • Intellectual curiosity to investigate and solve complex business problems.
  • A proactive mindset to identify business needs and drive solutions.
  • Expertise with some or all of Tableau, SQL, Python, Microsoft Office, Google Suite, and Akur8.

Responsibilities

  • Serve as the subject matter expert at Next on pricing the target product offerings.
  • Build and enhance actuarial methodologies for loss ratio forecasting, insurance analytics, and profit and loss management.
  • Partner with Insurance Product Managers to drive future product developments.
  • Build go-to-market predictive models in Akur8, perform impact analyses, and support product filings.
  • Perform competitor and market research.
  • Partner with data science and data engineering teams to enable future-proof data architecture.
  • Deliver actuarially sound recommendations to senior management.
  • Provide ad hoc support to business partners, including reinsurance, finance, distribution, claims, and growth teams.

Desired Qualifications

  • Property and casualty insurance and product management experience.

About the Company

Next Insurance

Online insurance platform for small businesses

Next Insurance provides digital insurance for small businesses, sole proprietors, and self-employed professionals. It offers a range of coverages, including general liability, professional liability, workers' compensation, commercial auto, and business owner's policies, all through an online platform and mobile app. Users can get quotes, buy policies, and manage coverage in minutes. The company uses artificial intelligence and machine learning to tailor policies to specific industries, aiming to deliver more accurate and affordable coverage. By removing traditional insurance agents, Next Insurance streamlines the purchasing process and lowers overhead costs, passing savings to customers. Its target market spans contractors, retailers, fitness instructors, consultants, and other small businesses. The goal is to make it easy and cost-effective for small businesses to obtain the insurance they need through a digital, direct-to-consumer experience.

Company size
201-500
Company stage
Acquired
Total funding
$1.1B
Headquarters
Palo Alto, CA
Founded
2015

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