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Full-Time

Actuarial Analyst

Confirmed live in the last 24 hours

AKKO

AKKO

11-50 employees

Offers insurance plans for electronic devices

Financial Services
Consumer Goods

Compensation Overview

$80k - $110kAnnually

Mid

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Python
Data Science
R
SQL
Data Analysis
Requirements
  • Minimum of 4 years of experience working in actuarial analysis, data science, or pricing and underwriting, within the insurance industry, preferably within a startup environment
  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Data Science, Finance, Accounting, or a related field.
  • Proficiency in statistical modeling techniques (e.g., regression analysis, hypothesis testing) and understanding of financial exposure and risk metrics.
  • Experience with tools such as Python, R, SQL, or other statistical software as well as data modeling/analysis tools like Looker, PowerBI. Advanced knowledge of Excel.
  • Strong analytical mindset, with a passion for diving into numbers and making data-driven decisions.
  • Familiarity with actuarial processes (pricing, reserving, risk assessment).
  • Strong organizational and project management skills.
  • Demonstrated ability to lead initiatives, build out processes or functions from scratch, especially in a startup or fast-paced environment while working cross functionally.
  • Excellent organizational and time management skills.
  • Ability to adapt to a fast-paced, dynamic startup environment and contribute to a positive and collaborative culture.
  • Proactive and solution-forward, bias for action.
Responsibilities
  • Analyze and interpret insurance risks, with a strong focus on the statistical relationships that affect risk outcomes. Provide insights into device protection risks, pricing strategies, and trends in insurtech.
  • Develop and maintain statistical models to analyze financial exposure, risk, and performance of insurance products. Use advanced data science techniques, such as predictive modeling, machine learning, and hypothesis testing to uncover trends and inform decision-making.
  • Collaborate cross-functionally with teams such as Product, Engineering, and Finance to build out actuarial functions and initiatives.
  • Work alongside data analysts to ensure our actuarial models are aligned with the company’s long term goals for data and machine learning. Create solutions to improve our systems and processes.
  • Ensure that all actuarial work complies with insurance regulations and industry standards, adapting to changes in the insurtech landscape.
  • Coordinate with underwriting partners around data organization and alignment.
  • Prepare and present reports and analysis to senior management, underwriters, and other stakeholders.

AKKO offers protection plans for personal electronic devices like laptops, tablets, and smartphones. Their plans cover theft, damage, and loss, allowing customers to select from various coverage levels. When a claim is made, AKKO provides quick cash replacements through PayPal, Zelle, or Check, or offers refurbished devices in good condition. The company operates on a subscription model, charging monthly or annual fees for its services. AKKO stands out from competitors by offering higher coverage limits and faster claim processing than typical renters' or homeowners' insurance policies. The goal of AKKO is to provide affordable and reliable insurance solutions for consumers to protect their valuable gadgets.

Company Stage

Series A

Total Funding

$14.8M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

10%

1 year growth

13%

2 year growth

148%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Upsie and partnerships with THE FIX and Capital One Business Deals could lead to rapid market expansion and increased customer base.
  • AKKO's specialized focus on device protection and extended warranties positions it well to capitalize on the growing demand for tech insurance.

What critics are saying

  • The integration of acquired companies like Upsie may present operational challenges and potential cultural clashes.
  • The niche focus on device protection and extended warranties could limit AKKO's market potential compared to broader insurtech companies.

What makes AKKO unique

  • AKKO's strategic acquisitions, such as Upsie, and partnerships with brands like THE FIX and Capital One Business Deals, enhance its service offerings and market reach.
  • AKKO's focus on device protection and extended warranties sets it apart in the insurtech space, where many competitors may focus on broader insurance categories.

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