Full-Time

Auto Underwriter

Towing

Confirmed live in the last 24 hours

Fairmatic

Fairmatic

51-200 employees

Data-driven auto insurance for fleet businesses

Fintech
Financial Services

Mid, Senior

Remote in USA

Category
Insurance
Finance & Banking
Requirements
  • Commercial auto underwriting experience including towing experience.
  • You’re a people person: chatting with people gives you a buzz and you love sharing your infectious energy with others.
  • You love to learn, you have healthy scepticism of the status quo and you’re obsessed with continuously finding better ways to do things.
  • You like to solve problems and get things done: you focus on finding solutions when it comes to communicating and working with others.
  • You’re hands-on: not only can you see the big picture and how things tie together but you can dive into the weeds and execute projects and assignments with little oversight.
Responsibilities
  • Underwrite individual commercial auto liability accounts for program acceptability, pricing adequacy and long-term profitability.
  • Review new and renewal business submissions and prepare quotes and binders.
  • Approve coverage forms for policy issuance.
  • Approve notices of cancellation.
  • Implement strategic underwriting objectives and risk management techniques that support profitability and growth.
  • Build strong relationships with internal broker relationship managers, external brokers and customers.
  • Maintain underwriting quality and operational enhancements to maximize efficiencies.
  • Evaluate measurement controls, identify trends, and make recommendations for process improvement that will lead to reduced loss ratios.

Fairmatic offers auto insurance solutions tailored for fleet businesses, such as construction and logistics companies, using data and artificial intelligence to enhance operations and reduce costs. Their fleet dashboard provides features like safety tips and digital incident reporting, promoting proactive risk management. Unlike traditional insurance models, Fairmatic's performance-priced insurance allows fleets to lower their premiums monthly based on their performance. The company's goal is to create a more flexible and efficient insurance experience for fleet operators.

Company Stage

Series B

Total Funding

$85.6M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

4%

1 year growth

18%

2 year growth

86%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for usage-based insurance models boosts Fairmatic's market potential.
  • Advancements in AI-driven analytics enhance accident prevention and risk assessment.
  • Partnerships with logistics platforms expand market reach and integration opportunities.

What critics are saying

  • Increased competition from similar insurtech companies may erode market share.
  • Rapid technological advancements require costly updates to remain competitive.
  • Regulatory scrutiny over AI use in insurance could impact Fairmatic's business model.

What makes Fairmatic unique

  • Fairmatic offers performance-priced auto insurance, allowing monthly premium adjustments.
  • The company uses AI and telematics data for proactive risk management.
  • Fairmatic provides a seamless claims management service to expedite fleet recovery.

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