At a Glance
- Tasks: Manage and enhance insurance products while supporting new product development.
- Company: Join Cover Genius, a leading insurtech protecting millions globally with innovative solutions.
- Benefits: Enjoy a flexible work environment, employee stock options, and social initiatives.
- Why this job: Be part of a diverse team making a real impact in the insurance industry.
- Qualifications: 5+ years in insurance product development or underwriting; strong communication and problem-solving skills required.
- Other info: Cover Genius values diversity and inclusivity, fostering a supportive workplace culture.
The predicted salary is between 48000 - 84000 £ per year.
Cover Genius is a Series E insurtech that protects the global customers of the world’s largest digital companies including Booking Holdings, Intuit, Uber, Hopper, Ryanair, Turkish Airlines, and many others. Our partners integrate with XCover, our award-winning insurance distribution platform, to embed protection for millions of customers worldwide each year. Our diverse team across 20+ countries commits itself to diverse cultural programs, particularly “CG Gives,” which funds development initiatives in global communities.
About the role:
Cover Genius is seeking an Insurance Product Manager / Underwriter to join our insurance product team in developing and sourcing new products, and maintaining and enhancing existing products. You will be responsible for all aspects of products sourced and developed within our operations including developing and communicating product line strategies, and supporting the partnerships team in providing product solutions to meet partner demands and increase market penetration.
What will your day look like?
- Day to day management of existing product portfolios, including reporting and improvements to underwriting, product and policy wording.
- Support the solutions team in the development of new products across various business verticals and insurance product lines.
- Tailor products for new partners, supporting the partnerships team with customer-centric solutions.
- Weekly and monthly general reporting including presenting commentary at meetings as needed.
To help us level up, you'll ideally have:
- 5+ years experience in working in insurance product development, pricing and/or underwriting at an insurer or broker.
- Experience in designing and writing policy wordings and other insurance-related documentation.
- Ability to communicate complex ideas in a clear, concise manner both verbally and in writing.
- Problem solving and advocating for customer solutions.
- Experience of working within IDD and Consumer Duty regulations - preferable.
- Proven ability to foster and develop relationships with key external and internal stakeholders.
- Excellent organisational skills and the ability to independently take initiative on projects.
- Ability to adapt quickly to a start-up pace environment and culture.
- Produce reports and analyse performance to maximise opportunity and market share.
- A clear understanding of product design and proposition - what makes it a success or failure.
- Experience in product entry strategies, product designs and growing revenue.
Why Cover Genius?
- Flexible Work Environment - Our teams are hybrid, working from home on Wednesdays and Thursdays and attending the office on Mondays, Tuesdays, and Fridays with flexibility around start/finish times.
- Employee Stock Options - we reward our people 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.
- Social Initiatives - our CG Gives programs enable us to all become philanthropists through our peer recognition and rewards system.
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.
Insurance Product Manager / Underwriter employer: Cover Genius Pty Ltd
Contact Detail:
Cover Genius Pty Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Product Manager / Underwriter
✨Tip Number 1
Familiarise yourself with Cover Genius and their unique insurance distribution platform, XCover. Understanding how they integrate with major partners like Amazon and Uber will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the insurtech space, especially those who have experience in product management or underwriting. Engaging with industry experts can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on the latest trends in insurance product development and regulations, particularly around IDD and Consumer Duty. This knowledge will not only prepare you for discussions but also show your commitment to the field.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully managed product portfolios or developed new products in previous roles. Highlighting your problem-solving skills and ability to adapt will resonate well with the team at Cover Genius.
We think you need these skills to ace Insurance Product Manager / Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Insurance Product Manager / Underwriter position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 5+ years of experience in insurance product development, pricing, or underwriting. Provide specific examples of your achievements in these areas to demonstrate your expertise.
Showcase Communication Skills: Since the role requires clear communication of complex ideas, include examples in your application that showcase your ability to convey information effectively, both verbally and in writing. This could be through previous presentations or reports you've created.
Tailor Your Application: Make sure your CV and cover letter are tailored to Cover Genius. Mention their values such as being bold, authentic, and purposeful, and explain how your personal values align with theirs. This will show that you are a good cultural fit for the company.
How to prepare for a job interview at Cover Genius Pty Ltd
✨Know Your Products
Familiarise yourself with Cover Genius' product offerings and the insurance market. Be prepared to discuss how your experience aligns with their product lines and how you can contribute to developing and enhancing them.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've tackled complex problems in previous roles, especially in product development or underwriting. Highlight your ability to advocate for customer-centric solutions and how you've successfully navigated regulatory challenges.
✨Showcase Communication Skills
Practice articulating complex ideas clearly and concisely. You may be asked to explain your thought process on product design or policy wording, so ensure you can communicate effectively both verbally and in writing.
✨Emphasise Relationship Building
Be ready to discuss your experience in fostering relationships with stakeholders. Cover Genius values collaboration, so share examples of how you've successfully worked with internal teams and external partners to achieve common goals.