Company Description
Healthcare providers spend roughly $20B annually on premiums for medical professional liability (“MPL”) insurance, $7B of which is spent by physicians. Primarily selling through brokers, insurance carriers today often operate at an underwriting loss and employ outdated underwriting processes. The current environment favors the entry of a new model featuring modern, data-driven underwriting with a more efficient sales model targeting the best risks.
Rubicon Founders, an entrepreneurial firm focused on building and growing transformational healthcare companies, aims to address this issue through the launch of Indigo Insurance NewCo. Backed by Oak HC/FT, this company will disrupt the malpractice insurance market by offering more accurate and cost competitive products to health systems and providers. Benefitting from significant potential cost savings as a result, providers may reallocate resources to invest more directly in patient care. This company intends to fulfill Rubicon Founder’s mission of creating enduring value by impacting people in a measurable way.
Position Description:
The Underwriting Operations Analyst will assist and support the Underwriting team in providing exceptional customer service levels for policyholders, agents/brokers, and internal customers. Under general supervision, handle policy processing for new business, renewals, and ongoing account maintenance. This position should also demonstrate strong analytical and interpersonal skills in addition to outstanding customer service skills.
We are a remote distributed team who gathers with intention. You will thrive here if you find energy working from home and getting together to build relationships. At Indigo, you'll have the opportunity to contribute to a meaningful mission that makes a difference in the lives of healthcare providers and their patients.
Roles & Responsibilities:
- Brings a curious mindset and motivation to better understand and apply a new, data driven approach to Underwriting
- Responsible for providing the highest level of accuracy and support to the Underwriting Team throughout the new business lifecycle and ongoing renewal account maintenance.
- Performs initial review, triage, and processing of new business and renewal submissions.
- Work with the IT and Product Teams to troubleshoot, coordinate, and communicate system problems.
- Demonstrates a sense of urgency and consistently meet processing deadlines per Underwriting Service Standards.
- Support Underwriting Team in the production, selection, pricing, control, and servicing of insurance policies using Indigo’s model
- Understands and complies with regulatory requirements, Patient Compensation Fund (PCF) rules and unique requirements
- Collaborates with Sales to build, strengthen, and manage relationships with agents/brokers
Skills Required
- Strong analytical skills
- Strong interpersonal skills
- Outstanding customer service skills
- Ability to accurately process new business, renewals, and account maintenance
- Ability to understand and comply with regulatory requirements and Patient Compensation Fund rules
What We Do
Indigo improves grower profitability, environmental sustainability, and consumer health through the use of natural microbiology and digital technologies. Utilizing beneficial plant microbes and agronomic insights and working across the supply chain, Indigo is forwarding its mission of harnessing nature to help farmers sustainably feed the planet.
Why Work With Us
At Indigo, we are extremely mission-driven: we believe it's important to see the impact of your work and to see the company's impact on society. We are committed to being a healthy and motivating place to work, and we deeply value everyone on our team. If you're looking for a place to grow and feel good about what you're doing, we'd love to talk!
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