Underwriting Executive

About Us

Building a global insurance safety net that is simple, easy to understand, and accessible to all. Micro Insurance Company (MIC) is a full-stack technology focused insurance company. MIC has brought together sales, distribution, products and technology to focus on new insurance opportunities coming from the new digital economy for billions of people. MIC provides insurance to internet platforms, millions of micro & small businesses globally. 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. To make insurance accessible, we are often required to solve complex problems. Every country we operate 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.

Role Description
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. As an Underwriting Executive, you will be responsible for building and managing the underwriting practices within the company. Working closely with senior underwriters and actuaries, you will be responsible for underwriting SOPs, regulatory compliance, reinsurance contracts, policy wordings, data analytics, product development and portfolio reviews. This role provides scope for involvement in a wide range of different aspects of insurance and MIC Global, whether that be product strategy, global risks, stakeholder management, innovative product development, program design, and account management.

Responsibilities
• Maintain and enhance underwriting practices within the company.
• Establish monitoring frameworks and carry out governance reviews.
• Serve as subject matter expert for Lloyd’s, US Surplus Lines and country specific compliance and regulatory matters.
• Represent UW team in cross-functional initiatives and projects.
• Define and drive enhancements to UW tools and databases.
• Collaborate with internal and external stakeholders to share insights, align on UW practices, and exchange relevant information.
• Assist senior underwriters in preparing proposals, indication letters, quotations, reinsurance contracts and policy wordings.
• Perform activities in accordance with all legal and regulatory requirements to ensure obligations are met.
• Help the compliance team to coordinate, communicate and gather compliance requirements.
• Assist team members in gathering information for internal engagement, including preparing internal business, financial, and resource management cases.
• Management of UW system inputs and outputs on behalf of the underwriting team.
• Communicate and disseminate information internally, interact with and solicit support from other areas of the business, particularly sales, operations, claims, finance, technology, and compliance.
• Contribute and participate in all relevant meetings, to share and develop strategy, knowledge, and best practice.

Requirements

Experience and knowledge
• At least 3 years' experience in insurance or reinsurance.
• A degree in insurance or a professional insurance qualification preferred.
• Good knowledge of a range of insurance products, and the curiosity to learn how new products work and why they are priced the way they are.
• Advanced Excel preferred, plus strong Word skills.
• Curious by nature. You ask why a risk behaves as it does, test assumptions, and follow a question until you understand the answer.
• Learns quickly and on your own initiative. You pick up new products, markets and systems fast, and you look for feedback from the senior underwriting team.
• Confident using AI tools in daily work, such as for research, summarising documents, firstpass analysis and drafting. You check the output rather than trusting it.
• Interested in how AI and automation can improve underwriting, and willing to try new tools and share what works.
• Very strong attention to detail. You catch small errors in wordings, data and calculations, and you keep the main objective of the task in view.
• Keeps work well documented and filed so that the senior underwriting team can find it, rely on it and build on it.
• Strong analytical skills, with the ability to produce regular reports and dashboards.
• Finds potential risks and opportunities and suggests practical ways to reduce the risks.
• Good at solving problems, including finding new solutions when a project runs into difficulty.
• Well organised, with good time management. Able to manage several projects at once and meet deadlines.
• Suggests and puts in place process improvements that make underwriting operations more efficient.
• Works well at a fast pace and sets clear targets and deadlines for your own work.
• Adapts quickly when business needs or market conditions change.
• Able to adjust working hours to work across time zones.
• Excellent written and spoken English.
• Builds good working relationships with internal teams and external partners.

Bonus points:
• Experience with a global (re)insurance company handling US and international business.
• Demonstrate keen interest in using AI tools to increase productivity

Benefits:
• 45 days of flexible holidays in one year.
• Comprehensive health benefits package.
• Opportunities for professional development and career growth in a rapidly expanding startup environment.
• Flexible work arrangements and a collaborative company culture focused on innovation and excellence.