Full-Time

Insurance Product Counsel

Cyber

Posted on 11/19/2024

At-Bay

At-Bay

201-500 employees

Provides insurance and cybersecurity solutions

Cybersecurity
Financial Services

Compensation Overview

$165k - $185kAnnually

Senior

New York, NY, USA

Hybrid work model with two to three designated in-office days per week.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • Demonstrated expertise in cyber and professional liability insurance, with a proven track record of developing and implementing insurance products from concept to launch.
  • Successfully managed complex insurance transactional matters and provided strategic advice to senior business partners.
  • Cultivated strong relationships within cross-functional teams, ensuring seamless collaboration and communication to achieve business objectives.
Responsibilities
  • Gain a comprehensive understanding of our current insurance products and their positioning in the market.
  • Establish relationships with key internal stakeholders across Underwriting, Claims, and Legal to facilitate effective collaboration.
  • Begin evaluating existing policies and endorsements, identifying initial opportunities for updates or enhancements based on market trends and feedback.
  • Lead the development and launch of new policy forms and coverage enhancements that address emerging risks and client needs in the cyber and professional liability landscape.
  • Implement a structured approach to managing the policy form library, ensuring timely updates and compliance with regulatory requirements.
  • Provide training and resources to underwriting staff, enhancing their understanding of policy language and improving their ability to respond to client inquiries.

At-Bay provides businesses with solutions to manage cyber risk by combining insurance and cybersecurity technology. The company offers various types of specialty insurance, including Cyber, Tech Errors and Omissions (E&O), and Miscellaneous Professional Liability (MPL). At-Bay's approach integrates these insurance products with advanced cybersecurity services, allowing clients to address their cyber risk comprehensively. Unlike many traditional insurance providers, At-Bay focuses specifically on the intersection of insurance and cybersecurity, which sets it apart from competitors. The goal of At-Bay is to help businesses effectively manage and mitigate cyber risks while fostering an inclusive workplace and expanding its global presence.

Company Stage

Series D

Total Funding

$284M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

8%

1 year growth

8%

2 year growth

28%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion of Cyber and Tech E&O coverage to larger enterprises opens new revenue streams and market opportunities.
  • Innovative solutions like At-Bay Stance™ and partnerships with industry leaders like CrowdStrike position the company as a pioneer in the InsurSec space.
  • Recent funding rounds and strategic hires, such as the appointment of Martina Trucco as CMO, indicate strong growth potential and a solid leadership team.

What critics are saying

  • The shutdown of Relay could indicate potential operational or strategic challenges within the company.
  • The rapidly evolving cyber threat landscape requires continuous innovation, which can strain resources and impact profitability.

What makes At-Bay unique

  • At-Bay uniquely integrates cybersecurity services with insurance, offering a comprehensive InsurSec solution that combines risk management and insurance coverage.
  • Their partnership with CrowdStrike enhances their cybersecurity capabilities, providing SMBs with advanced AI-driven threat detection and response.
  • At-Bay's focus on real-time risk assessments and AI-driven insights sets them apart in the cyber insurance market, enabling more accurate underwriting and proactive risk management.

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Benefits

Health, dental, & vision

20 days paid vacation

401k

Paid parental leave

Quarterly wellness days & mental health resources

Flexible working hours & remote work

Investment in learning & development

Life insurance & disability