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 43200 - 72000 £ 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? You will...
- Manage 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.
- Conduct 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?
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 - Our teams are hybrid. We work from home on a Wednesday and Thursday and attend the office on Monday, Tuesday and Friday with flexibility around start/finish times.
- 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.
- Social Initiatives - pictures speak a thousand words!
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.
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 discussions.
✨Tip Number 2
Highlight your experience in product development and underwriting by preparing specific examples of successful projects you've led. This will show your potential to manage existing product portfolios effectively.
✨Tip Number 3
Network with professionals in the insurtech space, especially those who have worked with or at Cover Genius. Engaging with current employees can provide insights into the company culture and expectations.
✨Tip Number 4
Stay updated on industry trends and regulations related to insurance product development. Being knowledgeable about IDD and Consumer Duty regulations will position you as a well-informed candidate.
We think you need these skills to ace Insurance Product Manager / Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance product development, pricing, and underwriting. Use specific examples that demonstrate your ability to communicate complex ideas clearly and your problem-solving skills.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the insurtech industry and how your background aligns with Cover Genius's mission. Mention your experience with policy wording and your understanding of regulations like IDD and Consumer Duty.
Showcase Your Achievements: Include quantifiable achievements in your application, such as successful product launches or improvements in market share. This will help illustrate your impact in previous roles and your potential value to Cover Genius.
Research the Company: Familiarise yourself with Cover Genius's products and partnerships. Understanding their award-winning platform and diverse team culture will allow you to tailor your application and show genuine interest in the company.
How to prepare for a job interview at Cover Genius Pty Ltd
✨Know Your Products Inside Out
As an Insurance Product Manager, you need to demonstrate a deep understanding of insurance products. Be prepared to discuss your experience with product development, pricing, and policy wording. Highlight specific examples where you've successfully managed or improved product portfolios.
✨Showcase Your Problem-Solving Skills
Cover Genius values innovative solutions. Prepare to share instances where you've tackled complex problems in product development or underwriting. Emphasise your ability to advocate for customer-centric solutions and how you've navigated regulatory challenges.
✨Communicate Clearly and Concisely
Effective communication is key in this role. Practice articulating complex ideas simply and clearly, both verbally and in writing. You might be asked to present your thoughts on product strategies, so being concise will help you make a strong impression.
✨Demonstrate Cultural Fit
Cover Genius prides itself on its diverse and inclusive culture. Be ready to discuss how your values align with their mission and how you can contribute to their social initiatives. Show enthusiasm for working in a flexible, start-up environment and your willingness to adapt.