Underwriter, Tech E & O
About The Position
Cowbell is signalling a new era in cyber insurance by harnessing technology and data to provide small and medium-sized enterprises (SMEs) with advanced warning of cyber risk exposures bundled with cyber insurance coverage adaptable to the threats of today and tomorrow. Championing adaptive insurance, Cowbell follows policyholders’ cyber risk exposures as they evolve through continuous risk assessment and continuous underwriting. In its unique AI-based approach to risk selection and pricing, Cowbell’s underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Founded in 2019 and based in the San Francisco Bay Area, Cowbell has rapidly grown, now operating across the U.S., Canada, U.K., and India. This growth was recently bolstered by a successful Series C fundraising round of $60 million from Zurich Insurance. This investment not only underscores the confidence in Cowbell’s mission but also accelerates our capacity to revolutionize cyber insurance on a global scale. With the backing of over 25 prominent reinsurance partners, Cowbell is poised to redefine how SMEs navigate the evolving landscape of cyber threats. Cowbell is signaling a new era in cyber insurance by harnessing technology and data to provide small and medium-sized enterprises (SMEs) with advanced warning of cyber risk exposures bundled with cyber insurance coverage adaptable to the threats of today and tomorrow. Championing adaptive insurance, Cowbell follows policyholders’ cyber risk exposures as they evolve through continuous risk assessment and continuous underwriting. In its unique AI-based approach to risk selection and pricing, Cowbell’s underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Founded in 2019 and based in the San Francisco Bay Area, Cowbell has rapidly grown, now operating across the U.S., Canada, U.K., and India. This growth was recently bolstered by a successful Series C fundraising round of $60 million from Zurich Insurance. This investment not only underscores the confidence in Cowbell’s mission but also accelerates our capacity to revolutionize cyber insurance on a global scale. With the backing of over 25 prominent reinsurance partners, Cowbell is poised to redefine how SMEs navigate the evolving landscape of cyber threats.
Requirements
- Bachelor's degree or equivalent work experience.
- Minimum 2+ years of underwriting experience, preferably in Cyber and/or Technology Errors & Omissions
- Technical expertise and product knowledge in Commercial Insurance
- Demonstrate ability to develop new renewable Cyber and Tech E&O business profitably over a significant period of time
- Knowledge of marketing principles, underwriting and pricing strategies
- Superb sales and marketing skills; must be able to demonstrate successful agency and broker management, including building, maintaining and managing producer and customer relationships
- Proven ability to successfully negotiate on all levels and develop producer relationships
- Strong track record of service orientation and teamwork
Responsibilities
- Maintain profitability with appropriate risk selection, analysis and service of accounts based on Cowbell Cyber Insurance guidelines across Cyber and Technology Errors & Omissions (Tech E&O) products
- Manage relationships with insurance agents to negotiate pricing, coverages and other terms
- Servicing of renewal business throughout the year while maintaining our customer service standards
- Collaboration with the Business Development team to support their goals and strengthen partnerships with agents
- Maintain an expansive knowledge of the Tech E&O and Cyber insurance marketplace and current trends in the industry
- Easily identify areas where our unique capabilities provide us with a competitive advantage and build out processes that support these
- Actively participate in determining our approach to emerging threats, loss trends, marketplace changes and other trends in Cyber and Tech E&O risks
- Partner with the Engineering and Data Science teams to continually improve our technology and deliverable to the policyholder
- Serve as a subject matter expert for team on coverage questions related to Cyber, Tech E&O, and blended policies
- Collaborate with a passionate team, have fun, grow, learn, and teach the company along the way
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
