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Full-Time

Software Engineer

Fullstack, Remote

Posted on 6/27/2024

PolicyMe

PolicyMe

51-200 employees

Online platform for affordable life insurance

Fintech
Financial Services

Mid

Remote in Canada

Category
Full-Stack Engineering
Software Engineering
Required Skills
Python
UI/UX Design
React.js
Web Development
Linux/Unix
Requirements
  • 2+ years of experience excluding co-op
  • BS degree in Computer Science
  • Experience with web development (HTML5/CSS3/ESNext/React/Python/Node)
  • Experience working in UNIX/Linux environments
  • Understanding of computer science fundamentals
  • Ability to prioritize and work independently in a fast-paced startup environment
  • Excellent communication, organizational, problem-solving, debugging and analytical skills
Responsibilities
  • Build new and exciting product features in our React-based web application
  • Contribute to our custom UI component library using shared npm packages
  • Design and create new APIs in Python
  • Integrating with various third-party systems (payments, id verification, contracting, etc..)
  • Contribute to group technical design discussions

PolicyMe simplifies life insurance for Canadians by offering affordable coverage options, including critical illness insurance, through an easy-to-use online platform. Customers can access straightforward advice and apply for policies digitally, which helps reduce costs and allows the company to offer lower premiums. Unlike traditional insurance providers, PolicyMe operates with a digital-first approach, minimizing overhead expenses and passing savings on to clients. The company is backed by reputable partners, enhancing its credibility and financial stability. Since its launch in 2018, PolicyMe has sold over $6 billion in coverage and assisted nearly 10,000 Canadians. Their goal is to ensure transparency and customer satisfaction, handling claims with care and using customer feedback to improve services. Additionally, PolicyMe fosters a positive work culture by organizing events for team bonding, even while working remotely.

Company Stage

Series A

Total Funding

$17.3M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

20%

1 year growth

52%

2 year growth

135%
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Simplify's Take

What believers are saying

  • PolicyMe's recent $18 million Series A funding will enable further expansion and product development, enhancing growth prospects.
  • The company's commitment to transparency and customer satisfaction fosters a trustworthy relationship with clients, potentially leading to high customer retention.
  • PolicyMe's innovative approach to life insurance and critical illness coverage positions it as a leader in the Canadian insurtech market.

What critics are saying

  • The competitive landscape of the insurtech market in Canada could pose challenges in maintaining market share.
  • Dependence on partnerships with insurance providers may limit PolicyMe's control over product offerings and pricing.

What makes PolicyMe unique

  • PolicyMe's digital-first approach significantly reduces overhead costs, allowing them to offer lower premiums compared to traditional insurers.
  • The company offers the most comprehensive critical illness coverage in Canada, covering 44 conditions, which is 10-15 more than the average Canadian insurer.
  • Backed by industry giants like Canadian Premier Life Insurance and Securian Financial, PolicyMe enjoys enhanced credibility and financial stability.

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