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Senior Underwriting Manager

Cover Genius

Cover Genius

London, UK
Posted on Saturday, June 15, 2024
The Company
Cover Genius is a Series E insurtech that protects the global customers of the world’s largest digital companies including Booking Holdings, owner of Priceline, Kayak and Booking.com, Intuit, Uber, Hopper, Ryanair, Turkish Airlines, Descartes ShipRush, Zip and SeatGeek. We’re also available at Amazon, Flipkart, eBay, Wayfair and SE Asia’s largest company, Shopee. Our partners integrate with XCover, our award-winning insurance distribution platform, to embed protection for millions of customers worldwide each year.
Our team and products have been recognized with dozens of awards including by the Financial Times which ranked Cover Genius as the #1 fastest-growing company in APAC in 2020. Our diverse team across 20+ countries and many language groups commit itself to diverse cultural programs, in particular “CG Gives” which makes social entrepreneurs out of us all and funds development initiatives in global communities.
Our People are
Bold, Authentic, Purposeful and Inspired
Our People are not
Perfect, Traditional, Complacent or Cautious
About the Role
As a Senior Executive on our Insurance Team, you will own the strategy, underwriting guidelines, pricing and product development for all products created in-house through our own capacity facilities.
To drive success in this role, you will have deep experience in underwriting, insurance product development and portfolio management. As the Senior Underwriting Manager you will build the strategy for how we underwrite our own insurance products in Europe, own the guidelines and framework for evaluating new products, and serve as the DRI responsible for bringing those products to market to timelines.
Reporting into the VP, Insurance you will have regular collaboration with the insurance, partner services, risk and finance teams will be key in ensuring the build out of a healthy portfolio of in-house products is achieved.

What will your day look like? You will...

  • Definition and successful execution of KPIs within the product management, actuarial and data teams
  • P&L management of the product portfolio of in house products
  • Develop knowledge and keep up to date with industry and domicile developments, including regulations. This includes captive regulations, tax and accounting legislation, and insurance market changes which may affect captives and their formation
  • Develop and maintain underwriting guidelines for a suite of products in the portfolio
  • Assist in the development of our reinsurance strategy, focusing on capital efficiency
  • Development and execution of product management, underwriting and actuarial processes to deliver products as efficiently as possible
  • Working with senior business development members, define and successfully execute product roadmaps, ensuring they are reviewed regularly for all partners
  • Weekly and monthly general reporting including presenting commentary at meetings as needed
  • Support Cover Genius MGA and Partnerships teams for product and pricing proposals and financial modeling
  • Manage the strategic product roadmap and execute on the plan by running a solid project plan with the various internal teams and external reinsurance teams

What you will bring;

  • 8+ years of experience as a senior underwriting manager with P&L responsibility over a product line or group of clients
  • 5+ years of experience in the Captive Insurance space (European, Malta, Cayman etc)
  • Track record of successful reinsurance and retrocession placements
  • In-depth understanding of the insurance industry, including pricing, analytics and close interactions with actuarial teams
  • Client facing experience with senior management to negotiate contracts or to strategise on how to grow the business and/or to drive profitability
  • Excellent report writing skills, experience preparing reports and presentations for Senior management / Committee or Board review
  • Track record in developing insurance products and ongoing product/portfolio management
Cover Genius not only cares about being the best in our industry, we care about our team. We’re a business that understands life can be fluid and so we flex to ensure we provide the environment to suit that. What does that mean?
• Flexible Work Environment - we are outcome focussed and understand that for our people to perform at their best flexibility is critical.
• Employee Stock Options - we want our people to share in our success, we reward them with ownership for their contribution in creating a world-class company.
• Work with like-minded people who are passionate about both the work we're doing and giving back. Our CG Gives programs enables us to all become philanthropists through our peer recognition and rewards system.
• Social Initiatives - pictures speak a thousand words!
Sound interesting? If you think you have the best composition of the above, send us your resume and let's chat!
* Cover Genius promotes diversity and inclusivity. We don't tolerate discrimination, demeaning treatment of anyone, or harassment due to race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.