Insurance Regulatory Legal Counsel, Cover Genius
Plus Stock Options
B2B insurance and warranty API
Be an early applicant
B2B insurance and warranty API
501-1000 employees
Be an early applicant
Plus Stock Options
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- To drive success in this role, you must have strong attention to detail and a process-oriented mindset to establish effective workflows within your region and maintain documentation
- We are seeking a highly motivated individual with a background in insurance/financial services regulation or a similar field who can bring a strategic and analytical approach to this role
- 6 or more years in insurance, consulting or law in UK/Europe, with experience evaluating local regulations and developing legal insurance solutions in major markets
- Strong analytical and problem-solving skills with a detail-oriented and process-driven mindset
- Strong stakeholder management and ability to work cross-functionally to create solutions
- Strong project management skills with the ability to manage multiple initiatives simultaneously and meet deadlines
- Legal degree strongly preferred
- Ability to thrive in a fast-paced, dynamic environment and adapt to changing business priorities
What the job involves
- As an Insurance Regulatory Legal Counsel on our Global Risk Team, you will play a pivotal role in driving our growth and success by contributing to your region's strategy on how we structure our products
- You will be the subject matter expert on the different product structure options available in your region and their suitability for different use-cases
- You will help coordinate external legal advice and support the Senior Director of Insurance Structures in maintaining an internal library for the business to draw upon
- You’ll support our Sales and Partner Services teams in pitching different product constructs, working with local insurance teams, and ensuring smooth program implementation and ongoing collaboration
- This is an opportunity to be a key and pivotal member of the global CG insurance structures team
- Regular collaboration with our Partnerships, Partner Services, Legal, Compliance and Insurance teams will be key in ensuring that we drive efficient and compliant structures, become experts in advising our partners how to mitigate risk, achieve revenue growth targets through effective and legal structures, grow our margin, with the ultimate goal of becoming IPO ready
- Collaborate with regional Insurance, Compliance and Legal Teams to document and maintain a library of permissible structures for your region
- Owning the structure approval process for your region for new product launches
- Support regional Partnerships team in pitching solutions and defining the different structures available
- Develop and maintain relationships with external legal counsel in your markets in order to obtain effective and practical legal advice that can be shared with distribution partners as required
- Work with your regional Insurance and Partner Services teams to review existing structures and run projects to make improvements where required
- Serve as the internal expert for how we may legally offer different products in your region in order to achieve our partner’s goals
Salary benchmarks
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist
Insights
Some candidates hear
back within 2 weeks
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $242.1m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company values
- We Make It Our Own - We’re proud of who we are and what we do. We bring our own way of doing things and we make it happen.
- We Make It Better - We bring new ideas, think differently and challenge the norm. We look for areas to improve and we own the changes that we desire.
- We Succeed Together - We’re better when we work together. When we need help we always say “yes”. And when we pull it off, we celebrate together.
- We Create Magic - We make hard things simple and old things novel. We’re making world firsts in one of the oldest industries.
Company HQ
Midtown South, New York, NY
Articles
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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