Description Insurance Underwriter Location: US - Remote (preference for Pacific time-zone) At Fairmatic we’re on a mission to make roads safer, one fleet at a time. We think about insurance, risk and underwriting in an unconventional way. Auto insurance has alway been unfair: safe and unsafe drivers that look alike pay the same. Because of this, safe drivers end up subsidizing risky ones. It doesn’t make sense. We’re using data and AI to introduce a personalized option that incentivizes safe driving with savings. Our predictive risk models have been trained with nearly 200 billion miles of driving data and tested with hundreds of thousands of paying drivers with industry-leading underwriting results. And we’re just getting started. Our leadership team includes serial entrepreneurs, insurance industry savants and start-up veterans. We’ve raised $42M from leading VCs as well as insurtech, fintech and technology industry angel investors. At Fairmatic we do our best work while living our best lives, regardless of where we are. We have thriving teams across the globe and we are constantly looking for talented folks to welcome into the family. We are a curious, adaptable and diverse bunch of technologists and problem solvers who are obsessed about creating positive impact in the world. In our work together, we strive for close collaboration, humbleness and constant learning. We’re seeking an experienced insurance underwriting professional who is willing to think outside the box with a whole new approach to policy underwriting. This position is for an individual who has demonstrated a thorough understanding of the knowledge behind commercial auto underwriting. This individual supports collaborative business relationships, elicits client understanding and insight to advise and make recommendations. A day in the life: Underwrite individual commercial auto liability accounts for program acceptability, pricing adequacy and long term profitability. Reviews new and renewal business submissions and prepares quotes and binders Approves coverage forms for policy issuance Approves notices of cancellation Implement strategic underwriting objectives and risk management techniques that support profitability and growth Build strong relationships with internal broker relationship managers, external brokers and customers Maintain underwriting quality and operational enhancements to maximize efficiencies Evaluate measurement controls, identify trends, and make recommendations for process improvement that will lead to reduced loss ratios Provide ad hoc insurance product support for regulatory filings, compliance, and underwriting related audits Exemplify and foster Fairmatic’s humble, collaborative and impact-obsessed culture
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