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Converge Insurance · 5 months ago

Head of Digital Underwriting

United States

Full-time

Remote

Senior Level

7+ years exp

Converge Insurance is a company that combines cyber insurance, security, and technology to provide businesses with effective cyber protection. They are looking for a Head of Digital Underwriting to lead the digital transformation of their underwriting processes, develop a comprehensive digital underwriting strategy, and ensure the integration of digital solutions across the organization.

Cyber SecurityInsuranceInsurTechRisk Management

Responsibilities

Develop and execute a comprehensive digital underwriting strategy that aligns with company goals and supports our expansion efforts, especially in the areas of automation, data analytics, and AI-driven underwriting

Own the P&L for the digital underwriting function. Develop financial plans, manage budgets, and ensure cost-effective execution of underwriting activities while driving profitable growth

Drive digital transformation initiatives that streamline underwriting processes, improve efficiency, and enhance customer experience. This includes implementing digital platforms, improving data collection, and ensuring robust risk assessment capabilities

Collaborate closely with cross-functional teams including claims, product, distribution and technology to ensure seamless integration of digital underwriting solutions across the organization

Work closely with Head of Product to ensure compliance and digital underwriting processes adhere to regulatory standards and risk management protocols

Establish and monitor KPIs to measure the success of digital underwriting initiatives and implement continuous improvement programs

Manage relationships with external vendors and technology team, ensuring that digital underwriting tools and platforms meet our evolving business needs

Stay up to date on digital underwriting trends, emerging technologies, and industry best practices to continuously drive innovation and competitive advantage

Qualification

Digital transformationP&L managementData analyticsCyber insuranceDigital underwriting platformsML/AI toolsAutomation toolsStakeholder influenceCommunicationFast-paced environment

Required

7+ years of experience in underwriting with at least 3 years in a role managing digital transformation and innovation within the underwriting space, preferably in cyber insurance

Proven experience in driving digital transformation initiatives in the insurance industry with existing broker relationships, particularly in underwriting

Demonstrated P&L management experience and financial acumen, including budgeting, forecasting, and driving profitability

Knowledge of digital underwriting platforms, data analytics, ML/AI and automation tools

Familiarity with insurance technologies, including policy administration systems and risk assessment tools

Excellent communication skills with the ability to influence stakeholders at all levels of the organization, and external partners

Ability to thrive in a fast-paced, dynamic, and entrepreneurial environment