Full-Time

Underwriter

Commercial Auto

Confirmed live in the last 24 hours

Fairmatic

Fairmatic

51-200 employees

Data-driven auto insurance for fleet businesses

No salary listed

Senior, Expert

Remote in USA

Candidates must be based in the United States.

Category
Insurance
Finance & Banking
Required Skills
Risk Management
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 businesses that operate fleets of vehicles, such as construction and logistics companies. By utilizing data and artificial intelligence, Fairmatic helps these businesses save money and improve safety through features like a fleet dashboard with safety tips and digital incident reporting. Unlike traditional insurance, Fairmatic allows fleets to reduce their premiums monthly based on performance. The company's goal is to provide flexible and efficient insurance solutions that meet the specific needs of fleet operators.

Company Size

51-200

Company Stage

Series B

Total Funding

$88M

Headquarters

San Francisco, California

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Fairmatic raised $46 million to enhance AI innovation in auto insurance.
  • Growing demand for usage-based insurance models benefits Fairmatic's business model.
  • Partnerships with logistics platforms enhance data collection and insurance offerings.

What critics are saying

  • Increased competition from similar AI-driven insurtech companies.
  • Rapid technological advancements require costly updates to Fairmatic's platform.
  • Potential regulatory scrutiny on AI-driven models could increase operational costs.

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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Benefits

Unlimited Paid Time Off

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Professional Development Budget

Wellness Program

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

4%
Onfleet
Aug 28th, 2024
label Onfleet News Reduce Your Insurance Rate with Our New Onfleet - Fairmatic Integration 2 min read

Onfleet Inc. has partnered up with the vehicle insurance company, Fairmatic, to improve your understanding of your drivers' performance with a free driver analytic dashboard that can reduce your insurance rates based on that information.

Coverage
Feb 9th, 2024
Fairmatic Appoints Jim Hinchley As President Of Insurance

Commercial auto insurance startup. Fairmatic <i class="fa fa-info-circle company-popover" data-content="h3Fairmatic/h3. div

Insurance Insider
Feb 6th, 2024
Fairmatic brings on Hinchley as president of insurance

Fairmatic, a commercial auto InsurTech, has hired Jim Hinchley as president of insurance.

Calcalist
Nov 19th, 2023
Appointment Fairmatic appoints Boaz Ram as Vice President of Product

Fairmatic, an insurtech startup that offers data-driven fleet insurance, has announced that it has appointed Boaz Ram as Vice President of Product.

Fairmatic
Mar 17th, 2023
Fairmatic Raises $46M to Drive AI Innovation in Commercial Auto Insurance

AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million.