POSITION DESCRIPTION
Company:Indigo
Role:Underwriter
Location:Remote
Company Description
Healthcare providers spend roughly $20B annually on premiums for medical professional liability (“MPL”) insurance, $7B of which is spent by physicians. Primarily selling through brokers, insurance carriers today often operate at an underwriting loss and employ outdated underwriting processes. The current environment favors the entry of a new model featuring modern, data-driven underwriting with a more efficient sales model targeting the best risks.
Rubicon Founders, an entrepreneurial firm focused on building and growing transformational healthcare companies, aims to address this issue through the launch of Indigo Insurance NewCo. Backed by Oak HC/FT, this company will disrupt the malpractice insurance market by offering more accurate and cost competitive products to health systems and providers. Benefitting from significant potential cost savings as a result, providers may reallocate resources to invest more directly in patient care. This company intends to fulfill Rubicon Founder’s mission of creating enduring value by impacting people in a measurable way.
Position Description:
The Underwriter will assist in all underwriting staff/teams, processes, and methods in order to write profitable business, as well as address issues adversely affecting underwriting results (loss ratio). This role promotes and supports growth opportunities while maintaining underwriting integrity. They will be responsible for managing a variety of key stakeholders in an environment that is results-oriented, rigorous, and fast-paced. We are a remote distributed team who gathers with intention. You will thrive here if you find energy working from home and getting together to build relationships. At Indigo, you'll have the opportunity to contribute to a meaningful mission that makes a difference in the lives of healthcare providers and their patients.
Roles & Responsibilities:
- Support Underwriting Team in the production, selection, pricing, control, and servicing of insurance policies, and assists in developing and maintaining a scalable and repeatable underwriting process using Indigo’s model
- Brings a curious mindset and motivation to better understand and apply a new, data driven approach to underwriting
- Develop underwriting guidelines, policies, and procedures to select and control risk
- Analyze, evaluate, and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with other underwriting staff
- Manages and evaluates new business submissions, renewals, and policy change requests for the book of business
- Review, evaluate and report on loss activity
- Understands and complies with regulatory requirements, Patient Compensation Fund (PCF) rules and unique requirements
- Collaborates with Sales to build, strengthen, and manage relationships with agents/brokers