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Full-Time

Insurance Specialist

Posted on 8/23/2024

Fairmatic

Fairmatic

51-200 employees

Data-driven auto insurance for fleet businesses

Fintech
Financial Services

Entry, Junior

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Communications
Requirements
  • You love having fun at work and you are confident, humble, and passionate!
  • You are kind and compassionate with a desire to help others solve problems
  • You have a strong intellectual curiosity. That means you not only enjoy finding a problem but creating the solution!
  • You learn fast and embrace change with a “can do” attitude
  • You are proactive, with an intense focus on efficiency and process improvement
  • You possess excellent administrative, organizational and coordination skills, as well as an attention to detail and the ability to work to tight deadlines
  • You are familiar with Microsoft Office (Excel, Word, PPT etc) and have great oral and written communication skills (in English)
Responsibilities
  • MVR reporting with state jurisdictions
  • Follow up on non driving duty forms to ensure complete understanding of risk profile
  • Prepare policy administration files to ensure they meet regulatory and compliance guidelines
  • Process endorsements and related policy changes in a timely manner
  • Support data entry, reporting, ad hoc tasks and projects across the team
  • Send Loss Runs to our partners
  • Send Policy Packages to our Claims TAP

Fairmatic offers auto insurance solutions tailored for fleet businesses, such as construction and logistics companies. By using data and artificial intelligence, Fairmatic helps fleets save money and improve operations through features like a fleet dashboard with safety tips and digital incident reporting. Unlike traditional insurance models, Fairmatic's performance-priced insurance allows fleets to lower their premiums monthly based on their performance. The company also provides efficient claims management and a broker experience that simplifies the insurance process.

Company Stage

Series B

Total Funding

$91M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

2%

1 year growth

34%

2 year growth

95%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $46 million Series B funding round indicates strong investor confidence and provides resources for further AI innovation.
  • The appointment of experienced industry leaders like Jim Hinchley and Boaz Ram strengthens Fairmatic's executive team, potentially driving strategic growth.
  • Fairmatic's backing by leading insurers with high AM Best ratings offers clients confidence and peace of mind.

What critics are saying

  • The insurtech market is highly competitive, requiring continuous innovation to maintain a competitive edge.
  • Dependence on AI and data analytics means that any technological failures or inaccuracies could significantly impact service quality and client trust.

What makes Fairmatic unique

  • Fairmatic's performance-priced auto insurance model allows fleets to lower their premiums monthly, unlike traditional fixed-premium models.
  • The use of AI and data analytics for proactive risk management and driver safety sets Fairmatic apart from conventional fleet insurance providers.
  • Fairmatic's seamless claims management service aims to expedite the process, reducing downtime for fleet operations.
INACTIVE