Honeycomb is a deep-tech, digital insurer focusing on multi-family property insurance, a $34B market in the US alone. Our core value proposition is delivering a differentiated, long-lasting customer and partner experience. Our proprietary Artificial Intelligence technology enables us to do so while generating 4x YoY topline growth and unparalleled profit margins.
In contrast with the traditional insurance industry, which relies primarily on costly manual labor, Honeycomb already automated 60% of its underwriting processes achieving significantly better customer experience, consistency, and scalability and at the same time, delivering extremely low and highly consistent loss ratios. Honeycomb is expected to cross $100M in annual sales in Q1 2024 while maintaining its strong and highly sustainable growth.
What You’ll Do
Next-generation risk assessment – deinvesting away from binary underwriting and revisioning risk selection utilizing mega data, AI and curiosity. Modernized underwriting using cutting edge technology in addition to underwriting experience to accurately and quickly assess risk, price and bespoke coverage/terms. Responsible for profitable growth and managing a book of business. Honeycomb offers an environment of personal and career growth to achieve your best self. This is accomplished through mentorship, engaging project assignments, personalized training and exposure opportunities to expand your network and sphere of influence.The Underwriting Assistant supports the underwriting team by handling essential administrative and operational tasks throughout the underwriting process.
This role is critical in ensuring the timely, accurate, and efficient handling of new business submissions, endorsements, renewals, and related underwriting activities. The Associate of Underwriting plays a key part in maintaining service standards, managing workflows, and contributing to the overall success of the underwriting department.
Key Responsibilities:
- Assist underwriters in reviewing and processing new business submissions, endorsements, and renewals.
- Communicate with agents and brokers to obtain missing information when needed.
- Monitor and prioritize incoming underwriting requests, referrals, and service tickets.
- Help coordinate inspections, evaluations, and third-party reports as needed.
- Ensure compliance with internal underwriting rules and regulatory guidelines.
- Contribute to continuous improvement initiatives within the underwriting operations.
Qualifications:
- Bachelor’s degree preferred; equivalent work experience considered.
- 3+ years of insurance experience, preferably in underwriting support or operations.
- Strong attention to detail and organizational skills.
- Excellent communication skills (both verbal and written).
- Ability to work independently and collaboratively in a fast-paced environment.
- Willingness to learn underwriting principles and pursue professional development.
Preferred Skills:
- Familiarity with property and casualty insurance products.
- Customer service experience in a professional environment.
- Interest in pursuing insurance designations such as AINS, CPCU, or AU.
- Proficiency with Microsoft Office Suite;
Benefits
- Health Benefits
- Employee options grant
- 401K
- Flexible paid time off
- Paid national holidays
- The pay range for the role is $50,000 to $60,000. The specific offer will depend on an applicant’s skills and relevant experience.
