Full-Time

Global Head of Underwriting

Posted on 7/15/2024

Lemonade

Lemonade

1,001-5,000 employees

Digital insurance with social impact initiatives

Compensation Overview

$200k - $240k/yr

+ Equity + Benefits

Senior

No H1B Sponsorship

Remote in USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 15+ years of non-life, personal lines underwriting experience in senior management positions, leading large teams at top-tier national carriers
  • A proven history of managing exposure in profitable, large books of business, across product lines, in a fast-growth, highly competitive environment - >$1bn, non-life personal lines books - a must
  • Strong collaboration and communication skills with an ability to communicate complex technical issues and gain the support of diverse stakeholders
  • Natural team builder: Passionate and hands-on about finding the best talent and training, developing, and mentoring them with empathy and high EQ
  • Track record driving change, securing stakeholder engagement and buy-in and executing effectively and with a sense of urgency
  • Bachelor’s degree in Business, Insurance, Finance, Economics, Statistics, or related field
Responsibilities
  • Define our risk exposure appetite and strategy with group leadership and the insurance functions
  • Work with the different lines of business to design and implement the right underwriting guidelines and put the measures in place
  • Oversee book exposure while supporting and enabling fast, profitable growth
  • Lead strategic projects across business lines and work closely with Claims, Insurance Product, and Actuarial Pricing team
  • Design and build an efficient, scalable, and innovative underwriting organization and take a hands-on approach to capacity building
  • Bring cutting-edge technologies, new data sources and creative out-of-the-box thinking to underwriting control with a cost effective implementation
  • Maintain a strong, resilient, profitable, and competitive book of business across all our product lines

Lemonade offers digital insurance services that allow users to quickly sign up for coverage for various needs, including personal belongings, homes, pets, families, and cars, all through a single app. The process is designed to be fast and user-friendly. A unique aspect of Lemonade is its Giveback program, where any unused premiums are donated to a charity chosen by the policyholder, contributing to social impact. This focus on charitable giving sets Lemonade apart from traditional insurance companies, which typically do not have such initiatives. The company's goal is to transform the insurance experience by making it more accessible and socially responsible.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-driven personalized offerings enhance customer satisfaction and retention for Lemonade.
  • Partnership with ZestyAI improves underwriting precision and competitive pricing.
  • AI integration in claims processing boosts operational efficiency and customer experience.

What critics are saying

  • Increased competition from traditional insurers adopting AI could erode Lemonade's market share.
  • Regulatory scrutiny on AI-driven models may lead to stricter compliance requirements.
  • Consumer privacy concerns about AI data usage pose reputational and legal risks.

What makes Lemonade unique

  • Lemonade uses AI and behavioral economics to streamline insurance processes.
  • The company donates unused premiums to charities, enhancing its social impact.
  • Lemonade offers a digital-first platform for instant insurance coverage across multiple categories.

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Benefits

Health Insurance

401(k) Company Match

Paid Vacation

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-1%
PYMNTS
Mar 28th, 2025
Fintech Ipo Index Slips 1.3% As Huize Sinks After Earnings

FinTech IPO Index names were mostly in the red this past week, and the companies that did manage to post gains barely made it out of the low single-digit percentages. The majority of the headlines through the last several days were centered on partnerships tied to platforms, including buy now pay later, card issuing and banking initiatives. Insurance solutions firm Huize led the slide, down by nearly 16% through the past five sessions. Huize’s shares plummeted on the heels of its earnings report. The company’s investor materials revealed that gross written premiums facilitated across the company’s platform were the equivalent of $142.9 million in the fourth quarter of 2024, a decrease of 16.2% year over year. Renewal premiums accounted for 46.5% of total written premiums a decrease of 41.3% from the year ago period

Beinsure
Mar 28th, 2025
Insurtech Lemonade surpassed $1 bn in In Force Premium in 2025

Lemonade has released its Q4 and full year 2024 financial results.

Insurance Times
Mar 20th, 2025
Insurance firms built on 'an AI substrate' will thrive - Lemonade's Daniel Schreiber

That was according to Daniel Schreiber, chief executive at Insurtech firm Lemonade, who spoke during a keynote address at the Insurtech Insights Europe conference yesterday (19 March 2025).

FF News
Mar 13th, 2025
Lemonade Partners with ZestyAI to Elevate Underwriting Precision

Lemonade partners with ZestyAI to elevate underwriting precision.

PYMNTS
Feb 28th, 2025
Flywire Leads Fintech Ipo Index’S Post Earnings 6.2% Slump

The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction, as investors sent shares down by double digits in many cases, even when results topped expectations or management’s projections. The index slid by 6.2%. Flywire Leads Declining Stocks

INACTIVE