Full-Time

Actuarial Analyst

Posted on 8/8/2024

SageSure

SageSure

501-1,000 employees

Specialized insurance for high-risk coastal areas

Social Impact
Financial Services

Entry

New York, NY, USA + 1 more

More locations: Cheshire, CT, USA

Hybrid work model; in-office presence required.

Category
Insurance
Finance & Banking
Required Skills
Communications
R
Requirements
  • Bachelor’s Degree in Actuarial Science or STEM-related field
  • 0-2 years of experience in an actuarial role
  • Passage of one or more actuarial exams with the goal of attaining ACAS/FCAS
  • Solid analytical, problem-solving and reasoning skills
  • Strong communication skills with both technical and non-technical resources
  • Proficient with Microsoft Office suite
  • Strong technical skills; proficiency in R is a plus
  • Willingness to learn
  • Ability to work independently and as a team member
  • To qualify, all applicants must be authorized to work in the United States
Responsibilities
  • Assists the Product Development or Commercial team in the evaluation of rate adequacy
  • Assists with statewide and territorial rate indications
  • Conducts renewal impact analyses
  • Completes support documentation for product filings with Departments of Insurance and assists with responses to rate related inquiries
  • Assists with research projects including developing predictive models and visualizing results to support business decisions
  • Performs competitive intelligence analysis
  • Utilizing and/or creating models to assess profitability in current rating structures

SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, focusing on regions often neglected by traditional insurers. The company provides tailored insurance products that address the unique challenges of these markets, particularly those affected by natural disasters like hurricanes and floods. With a team of experienced professionals, SageSure uses advanced technology and data analytics to accurately assess risks and price its products competitively. The goal is to ensure that clients in underserved areas have access to reliable and affordable insurance solutions.

Company Stage

Debt Financing

Total Funding

$800M

Headquarters

Jersey City, New Jersey

Founded

2009

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of GeoVera expands SageSure's offerings to include earthquake insurance.
  • Increased demand for catastrophe bonds aligns with SageSure's active market participation.
  • Rising remote work trends present opportunities for new home office insurance products.

What critics are saying

  • Integration challenges from GeoVera acquisition may impact operational efficiency.
  • Increased competition in coastal insurance could affect SageSure's market share.
  • Collaboration with Markel may increase risk exposure in high-risk areas.

What makes SageSure unique

  • SageSure specializes in high-risk coastal markets, often overlooked by traditional insurers.
  • The company uses advanced technology for accurate risk assessment and competitive pricing.
  • SageSure offers over 50 insurance products through a vast network of 11,400 producers.

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Benefits

Fully stocked cafés with free snacks and beverages

Lounges with shuffleboard, billiards and board games

Access to in-office gyms

Organized and ad hoc social events

Medical (HSA, EPO, PPO)

Dental

Vision

401(k) with company match

Profit-sharing bonus program

Life insurance

Short-term and long-term disability

Up to 160 hours of paid time off per year, plus floating holidays

Paid holidays

8 hours of volunteer time off per year

Gym reimbursement

Tuition reimbursement toward education, licensing and certifications

Employee assistance program with access to free and confidential counseling

INACTIVE