Full-Time

Underwriter

Small Commercial Workers’ Compensation/Commercial Auto

Posted on 11/19/2024

Pie Insurance

Pie Insurance

201-500 employees

Provides workers' compensation insurance for small businesses

Fintech
Financial Services

Compensation Overview

$70k - $90kAnnually

+ Discretionary Bonuses

Mid

Denver, CO, USA + 1 more

More locations: United States

Hybrid work option available with partial work from Denver office.

Category
Insurance
Finance & Banking
Required Skills
Hubspot
Salesforce
Requirements
  • High School diploma or GED required. Bachelor's Degree or equivalent experience with some college coursework is preferred.
  • Minimum 3+ years of commercial underwriting experience or equivalent is required.
  • Aptitude for building and maintaining strong partner relationships through excellence in service, engagement & follow through in conjunction with our Business Development and Partner Experience teams.
  • Intermediate to advanced knowledge of workers’ compensation class codes, loss mitigation strategies, and other underwriting concepts.
  • Intermediate to advanced knowledge of commercial auto underwriting concepts including evaluation of multiple types of risks ranging from fleets of PPTs to Small Trucking.
  • Ability to sell our product while simultaneously discerning risk characteristics within the direct to business market.
  • Ability to balance the outstanding execution of processes while handling a high volume of transactions.
  • Experience with Insurity, HubSpot and Salesforce preferred.
  • Verifying businesses using various resources and databases like Google, Yelp, LinkedIn, Facebook and similar sites.
  • Willing to work in an iterative development environment with an ever changing landscape filled with possibilities and questions.
Responsibilities
  • Leverage workers’ compensation or commercial Auto insurance underwriting expertise to assess medium to complex risks in order to underwrite and bind new and renewal coverage.
  • Quickly and effectively decide each request through the use of Pie’s underwriting guidelines and known risk exposures and loss frequency and severity.
  • Achieve profitable growth through appropriate risk evaluation while building and maintaining outstanding partner customer relationships.
  • Prioritize and resolve customer inquiries for documentation or support.
  • Provides technical assistance to support teams and customers regarding policy and endorsement provisions and underwriting acceptability for designated insurance coverages.
  • Maintain strong industry knowledge on commercial insurance underwriting concepts and changes in market/account positions.
  • Develop and maintain full knowledge of all forms, coverages, ratings, and manuals for each of the specific lines of business being underwritten.
  • Participate in review and evaluation of risk portfolio, making recommendations on book management issues.
  • Take on other tasks, responsibilities and projects as needed.

Pie Insurance provides workers' compensation insurance specifically designed for small businesses. This type of insurance offers wage replacement and medical benefits to employees who are injured while working. The company utilizes data-driven technology to deliver competitive pricing and excellent coverage, making the insurance process straightforward and accessible. Small business owners can obtain insurance quotes in just three minutes, which is particularly beneficial for those who may not have the time to deal with complicated insurance procedures. Operating in 38 states and Washington, D.C., Pie Insurance aims to expand its reach while promising customers trusted, fast, and easy insurance services, with potential savings of up to 30% on their policies. The company's unique approach lies in its technology-driven model that simplifies the insurance process, setting it apart from traditional competitors.

Company Stage

Series D

Total Funding

$603.4M

Headquarters

Washington, District of Columbia

Founded

2017

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-11%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $11 million Series A funding round positions Pie Insurance for rapid expansion and growth.
  • The appointment of experienced industry leaders like Audra Foglietta as CFO strengthens the company's strategic and financial capabilities.
  • Integration with platforms like Ivans Download enhances Pie Insurance's operational efficiency and customer service.

What critics are saying

  • The recent layoff of 14% of the workforce indicates potential financial instability and challenges in the funding environment.
  • Expansion plans may face regulatory hurdles and market saturation in the highly competitive insurance sector.

What makes Pie Insurance unique

  • Pie Insurance leverages data-driven technology to offer competitive pricing and quick quotes, setting it apart from traditional insurance providers.
  • The company's focus on small businesses allows it to tailor its services specifically to the unique needs of this market segment.
  • Pie Insurance's promise of potential savings up to 30% on workers' compensation insurance is a significant competitive advantage.

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Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave