FairmaticFA

Underwriter - Commercial Auto

Fairmatic is an AI-powered insurtech company that provides data-driven commercial auto insurance for fleets, rewarding safer driving with savings.

Fairmatic

Employee count: 51-200

United States only
At Fairmatic, we’re on a mission to make roads safer—one fleet at a time.
We’re revolutionizing auto insurance with AI and data-driven insights, offering personalized options that reward safe driving with meaningful savings. Our predictive risk models, trained on 200 billion miles of driving data, have been tested by hundreds of thousands of drivers, proving their real-world impact.
Our leadership team brings together serial entrepreneurs, insurance industry pioneers, and seasoned startup veterans—raising over $88M in funding in under a year.
We’re an insurtech company with AI at our core—but at Fairmatic, AI isn’t just for engineers. We believe everyone can elevate their workflow with the latest AI tools.
Join our global team of curious, adaptable technologists and problem-solvers who are passionate about making a real-world difference!
We’re seeking an experienced insurance underwriting professional who is willing to think outside the box with a whole new approach to policy underwriting.
You demonstrate a thorough understanding of the knowledge behind commercial auto underwriting and you're a tow truck expert! You love building collaborative relationships, eliciting client understanding and insight to advise and make recommendations.

A day in the life:

  • Underwrite individual commercial auto liability accounts for program acceptability, pricing adequacy and long-term profitability.
  • Review new and renewal business submissions and prepare quotes and binders
  • Approve coverage forms for policy issuance
  • Approve notices of cancellation
  • Implement strategic underwriting objectives and risk management techniques that support profitability and growth
  • Build strong relationships with internal broker relationship managers, external brokers and customers
  • Maintain underwriting quality and operational enhancements to maximize efficiencies
  • Evaluate measurement controls, identify trends, and make recommendations for process improvement that will lead to reduced loss ratios

The skills your bring:

  • Commercial auto underwriting experience including towing experience.
  • You’re a people person: chatting with people gives you a buzz and you love sharing your infectious energy with others
  • You love to learn, you have healthy scepticism of the status quo and you’re obsessed with continuously finding better ways to do things
  • You like to solve problems and get things done: you focus on finding solutions when it comes to communicating and working with others
  • You’re hands-on: not only can you see the big picture and how things tie together but you can dive into the weeds and execute projects and assignments with little oversight
Some of our US Benefits & Perks:
Unlimited PTO! Medical, dental, and vision coverageLife and disability insurance Learning and development program and stipendStipends for wellness and entertainmentFully remote work supplemented with fun in-person eventsPaid company trips both nationally and internationallyAwesome Fairmatic gifts and swag!

About the job

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Job type

Full Time

Experience level

Mid-level

Location requirements

Hiring timezones

United States +/- 0 hours

About Fairmatic

Learn more about Fairmatic and their company culture.

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Fairmatic's journey began with a fundamental question: why should safe drivers subsidize risky ones in commercial auto insurance? Founded in 2017 by Jonathan Matus, a technologist with a rich history at pivotal companies like Google, where he was part of the initial Android team, and Facebook, where he helped launch its mobile platform, Fairmatic emerged from a desire to leverage technology for real-world impact. Matus, having co-founded Zendrive in 2013 with a mission to enhance road safety through data analytics, saw an even greater potential to revolutionize the insurance landscape. An insightful discussion with Zendrive's board about scaling their in-house insurance program became the catalyst for spinning off Fairmatic, an insurtech company singularly focused on making roads safer by incentivizing fleet drivers. This venture was born out of a deep concern for the unintended consequences of ubiquitous smartphone technology on road safety, a problem Matus was determined to address.

From its inception, Fairmatic set out to redefine commercial auto insurance from the ground up. The company's core philosophy is that insurance can be a force for good, actively promoting safer driving habits rather than merely reacting to accidents. By harnessing the power of artificial intelligence and vast amounts of telematics data – its underwriting model has been trained and tested with over 200 billion miles of driving data – Fairmatic developed a predictive risk model. This model allows for a more personalized and fair approach to insurance, where fleets are rewarded for their safety records with tangible savings. While initially operating in stealth mode, Fairmatic rigorously tested its model with tens of thousands of paying drivers, achieving best-in-class underwriting results. The company officially came out of stealth in 2022, backed by significant funding from prominent investors, and has since been rapidly expanding its global team with hubs in the US, Israel, and India, all driven by the mission to make roads safer, one fleet at a time.

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Fairmatic

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Fairmatic hiring Underwriter - Commercial Auto • Remote (Work from Home) | Himalayas