Full-Time

Insurance Product/Underwriter

Associate Director

Confirmed live in the last 24 hours

Cover Genius

Cover Genius

501-1,000 employees

Embedded insurance solutions for digital platforms

Fintech
Financial Services

Senior, Expert

London, UK

Hybrid position based in London.

Category
Insurance
Finance & Banking
Required Skills
Product Design
Data Analysis
Requirements
  • minimum of 7 years experience in the insurance market at a broker, insurer or MGA with a focus in developing innovative product propositions / underwriting
  • At least 2 years of experience with regard to controlled and sound business practice, administrative and managerial skills, and general and specific professional knowledge in the MGA field
  • Track record in developing innovative product propositions that disrupt markets and maximise revenue
  • Experience in influencing insurers through data and compelling presentations to adopt product innovations
  • Ability to communicate complex ideas in a clear, concise manner both verbally and in writing
  • Problem solving and advocating for customer solutions
  • Experience working in producing business in multiple markets around the world is an advantage
  • Demonstrate experience in product entry strategies, product designs and growing revenue
  • Being analytical and comfortable manipulating data to identify product optimisation opportunities
Responsibilities
  • Working with the Global Solutions team to lead the development of new and innovative product propositions across all verticals that maximise revenue
  • Leading product development discussions with insurer partners and influencing them to support new products
  • Undertaking detailed product reviews to identity growth initiatives with distribution partners
  • Developing Product Governance Framework to ensure products are regularly reviewed against key commercial and compliance KPIs and updating senior team on performance and recommendations
  • First line of compliance defense with product reviews, claims feedback loop and fair value assessments
  • Manage team in the region and ensure timely delivery of priorities
  • Drive an innovative and disruptive culture within the business and with our partners while ensuring the highest standards of conduct are maintained

Cover Genius specializes in providing embedded insurance solutions for digital platforms around the world. The company collaborates with major digital companies and is integrated into popular e-commerce sites like Amazon and eBay. Its main product is a single API that allows partners to easily incorporate insurance offerings into their purchasing processes, creating a smooth experience for users. Unlike many competitors, Cover Genius focuses on embedding insurance directly into the buying journey, which helps to simplify the process for both businesses and customers. The goal of Cover Genius is to deliver tailored insurance products, such as travel protection and shipping insurance, that not only meet the needs of their diverse clients but also enhance customer satisfaction and support the growth of their partners' businesses.

Company Stage

Series E

Total Funding

$235.4M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

9%

2 year growth

32%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $80M Series E funding round will accelerate growth and technological advancements, providing more opportunities for employees.
  • Achieving 107% YOY revenue growth despite a tech funding slowdown indicates strong market demand and financial health.
  • Partnerships with companies like Priceline and Adyen enhance Cover Genius' market reach and operational efficiency.

What critics are saying

  • The insurtech market is highly competitive, requiring continuous innovation to maintain a competitive edge.
  • Dependence on partnerships for market penetration could pose risks if any major partner withdraws or underperforms.

What makes Cover Genius unique

  • Cover Genius specializes in embedded protection solutions, setting it apart from traditional insurance providers.
  • Their global distribution platform, XCover, offers instant claims processing and payments, enhancing customer experience and partner satisfaction.
  • Strategic partnerships with major brands like Uber, Ryanair, and eBay highlight their ability to integrate seamlessly into various industries.

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Benefits

Flexible working conditions

Employee stock options

Ongoing learning

Paid parental leave

Wellness initiatives

#WFH when you want

Peer bonuses and founder awards program

International working opportunities

GC Gives giveback program, led by the team