Full-Time

Corporate Actuary

Posted on 9/9/2024

Hagerty

Hagerty

11-50 employees

Specialized insurance for classic cars

Automotive & Transportation
Consumer Goods

Senior, Expert

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • FCAS designation
  • Familiarity with public company requirements, including Sarbanes Oxley and key regulations, if applicable.
Responsibilities
  • Regulatory Compliance
  • Regulatory Approvals
  • Audit Coordination
  • Board and Committee Reporting
  • Financial Reporting
  • Markel Correspondence
  • Budgeting and Annual Plan
  • Communication across all key Hagerty groups
  • Financial reporting
  • Quarterly Reserve Analysis
  • Monthly AvE Analysis
  • Annual Reserve Opinion
  • Reinsurance Placement
  • Reserving and Reinsurance Committees
  • Reinsurance intermediary point of contact
  • Reinsurance Analysis
  • Reinsurance Allocation
  • Concentration Management
  • Capital Modeling
  • BCAR, BSCR
  • Stress and Scenario Testing
  • Regulatory Reporting
  • Board Reporting
  • Rating Agencies
  • Pricing Analysis
  • Product Analysis
  • Market Analysis
  • Underwriting Partner Coordination
  • Risk Retention Strategy
  • Ad hoc analysis
  • Business Forecasting and Planning
  • Mergers and Acquisitions
  • New Market Analysis
  • Strategic Business Opportunities
  • Ad hoc analysis
  • Partner with business leaders to identify analytical opportunities.
  • Lead distribution and product analyst teams in the dissection of key business questions, creation of solutions, and business delivery.
  • Create a culture of data literacy through training business users.
  • Monitor industry trends and identify and implement best practices regarding insurance reporting and analytics.
  • Work in conjunction with the VP of Data Product Engineering and Marketing Technology and the Senior Manager of Insurance Data to create and maintain the business data warehouse.
  • Work in conjunction with the VP of Data Product Engineering and Marketing Technology to create enterprise-wide analytics best practices.

Hagerty specializes in services for classic and collector car enthusiasts, offering tailored insurance policies that consider the unique value and usage of vintage vehicles. Their insurance is designed specifically for classic car owners, providing better coverage and competitive rates compared to standard auto insurance. In addition to insurance, Hagerty has a membership program that includes benefits like roadside assistance, exclusive event access, and discounts on automotive products. The company also fosters a strong community through content creation, such as articles and virtual car shows, which helps engage car lovers and attract new clients. By focusing on the classic car segment, Hagerty distinguishes itself from competitors in the broader automotive market, aiming to serve a dedicated clientele that views their vehicles as investments and pieces of history.

Company Stage

IPO

Total Funding

$684.8M

Headquarters

Traverse City, Michigan

Founded

1983

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in electric classic cars creates a new niche for Hagerty.
  • The rise of online car auctions expands Hagerty's digital marketplace opportunities.
  • Growing car restoration trends among youth expand Hagerty's potential customer base.

What critics are saying

  • Increased competition in the digital marketplace threatens Hagerty's market share.
  • Luxury event focus could alienate customers not aligned with high-end markets.
  • Reliance on events and community engagement is vulnerable to economic downturns.

What makes Hagerty unique

  • Hagerty specializes in insurance for classic and collector cars, unlike standard insurers.
  • The company offers a vibrant online community for car enthusiasts and collectors.
  • Hagerty's valuation tools are tailored to the unique needs of vintage vehicle owners.

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