Senior E&S Underwriter , Midwest

Honeycomb Insurance is a deep-tech property and casualty digital insurer specializing in providing tailored coverage for landlords and condominium associations. Using advanced computer vision and AI developed by insurance industry experts, Honeycomb has developed a best-in-class underwriting engine that delivers competitive pricing and customized policies for a diverse range of properties often overlooked by traditional carriers – all while maintaining an industry-leading loss ratio. Its intuitive, streamlined platform eliminates the need for lengthy approval processes and physical property inspections, making the insurance process faster and more efficient.

Headquartered in Chicago, Illinois, with additional offices in the United States and Israel, Honeycomb operates across 18 major states, covering 60% of the U.S. population, and manages insured assets exceeding $45 billion.

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 to more accurately and quickly assess risk, price and bespoke coverage/terms to profitably grow and manage a book of business. Honeycomb offers an environment of personal and career growth to achieve your best self through mentorship, engaging project assignments, personalized training and develop, and internal and exterior exposure opportunities to expand your network and sphere of influence.

• Playing a pivotal role in establishing and shaping our presence in the ES lines market.
• Quote and release new ES business that has been either referred from underwriting algorithm or seeking changes that exceed user authority thresholds
• Analyze and approve requested policy changes, ensuring compliance with underwriting guidelines and regulatory requirements.
• Maintain familiarity and compliance with ES state insurance regulations and ISO rules for all states within assigned underwriting territory
• Maintain open, transparent and supportive communications with team members and interdivisional partners
• Monitor ES portfolio composition via reports, audits and inspections
• Support marketing functions and efforts to build and promote Honeycomb
• Complete special projects and assignments
• Some travel as deemed necessary 10%

Basic Requirements

• 5+ years of ES underwriting/insurance experience - habitational experience preferred
• Strong knowledge of ES insurance products, coverages, and underwriting principles.
• Bachelor’s degree or equivalent education/experience preferred
• Retail agency relationship preferred
• Curiosity, hardworking, self-accountable, positive attitude, humble and fun
• Have an opinion, share your opinion and be open to other opinions
• Passion to obtain, retain and employ knowledge – as well as share knowledge
• Excellent verbal and written communication skills
• Strong analytical skills and attention to detail
• Must be located in the Midwest with a preference to Chicago, IL

Benefits

• Salary: $100,000 - $125,000
• Health Benefits
• Employee options grant
• 401K
• Flexible paid time off
• Paid national holidays