Innovation Underwriter

About Us

Building a global insurance safety net that is simple, easy to understand, and accessible to all.

MIC Global (MIC) is a full stack technology focused insurance company. MIC has brought together sales, distribution, product and technology to focus on new insurance opportunities coming from the new digital economy for billions of people and millions of micro and small businesses globally. MIC provides insurance to internet platforms, millions of micro & small businesses. At MIC, we are changing the insurance business. We are constantly working to create insurance policies that do exactly what insurance is supposed to do – provide a safety net to help people recover quickly from problems large and small. Over the last 300 years, insurance has not done such a great job of this, globally few people buy and it’s seen as complicated, expensive and untrustworthy.

We are dedicated to changing this perception of insurance, and we are doing this through our actions. So far, we have issued over 3 million policies in 15 countries, and we are not slowing down anytime soon. We believe recovering from adversity should not be a privilege for only the wealthy and the few, which is why we are committed to distributing insurance to the world’s low and middle-income people and micro businesses. To make insurance accessible, we are often required to solve complex problems. Every country we operate in requires different solutions that are unique to that region. Thus, we have created and implemented many innovative financial services which are distributed through e-commerce partners and platforms, banks, mobile networks and mobile wallets.

At MIC, we pledge to share our skills and ideas to enable other insurance companies to grow their own businesses and to reach more people. We believe together, we can reach 4 billion people.

Role Description:

As part of the MIC Underwriting team and as the Innovation Underwriter, you will be responsible for developing and managing internal sales and underwriting relationships and communicating and executing client program expectations and needs. You will work closely with the Underwriting and Sales leadership teams to ensure product design, pricing, and terms and conditions are appropriate and in line with the intention of coverage as well as also protects MIC. You will collaborate with clients and insurance partners to ensure their support of the programs globally.

This role provides scope for involvement in different aspects of insurance, whether that be overseas risks, client meetings, product development, design, underwriting, wordings development, and claims discussions.

Broad Responsibilities:

• Drive product innovation ideas in conjunction with senior leadership team
• Ensure that business written and cover purchased meets market requirements and is cognisant with the boundaries of the group’s risk appetite and strategy
• Communicate and disseminate information internally, interact with and solicit support from other areas of the business, particularly underwriting, sales, claims, finance, compliance, and operations
• Maintain awareness of market trends and issues and to reach agreement as per company requirements
• Awareness of and contribution to the delivery of the MIC business plan, making decisions as appropriate
• Contribute and participate in all relevant meetings, to share and develop strategy, knowledge, and best practice
• Positively promote MIC to maximize brand leverage

Detailed Responsibilities:

• Participate in client meetings and coordinate next steps, to include pipeline updates with the account Sales Manager
• Assist Sales Manager in gathering information for internal engagement, including preparing internal business, financial, and resource management cases
• On behalf of Underwriting and Sales, serve as key internal contact with Operations, Technology, and Finance on to collaborate on upcoming and live accounts
• Responsible for pre-underwriting accounts prior to engaging pricing, operations, or technology
• Responsible for collaborating with internal parties to develop external product proposals
• Analyse and document risks and proposed benefits, policy forms, terms & conditions, and pricing, in line with underwriting guidelines and delegated underwriting authority
• Assist with monthly portfolio review for live accounts with regards to premium income, portfolio diversification, aggregate monitoring, and realistic disaster scenarios calculations

You will also get a chance to be part of:

🌍 Global team expansion: Building up a world-class team of talented and passionate people.

Requirements:

• Highly curious about new ideas in insurance and broadly worldwide
• Motivated learner, willing to operated outside of the box
• Innovative thinking – willing to entertain non-traditional coverage
• High level active listening skills
• Collaborative and organized
• Knowledge, interest, and experience in insurance, risk management, or actuarial science, preferably gained within a (re)insurance company or broking environment or through undergraduate studies
• High level of attention to detail
• Enthusiasm and willingness to challenge both internally and externally.
• Ability to negotiate, influence and effectively disseminate knowledge and articulate opinion, whilst maintaining awareness of commercial environment.
• Self-motivated with the ability to work on own initiative and as part of a team.
• Proactive approach to work with the capability to plan, prioritise and handle workload to ensure expectations of stakeholders are effectively managed.

Bonus points:

• Experience with Insurance related industry experience

Benefits

• You will be working for a company that has talented colleagues and has a passionate focused culture
• Extensive potential for growth and professional development
• Key member of the underwriting organization

Location

Bangalore, India

Role reports into:

Underwriter – Embedded Digital Solutions : Anuj Modi I LinkedIn

Chief Underwriting Officer and Risk Manager : Paige Stiefel | LinkedIn

Management Team

CEO : Harry Croydon | LinkedIn