Armilla AI is a rapidly scaling, venture-backed AI startup committed to enabling enterprises to safely deploy cutting-edge AI. Situated at the intersection of insurance and AI, our products empower enterprises to detect, mitigate, and transfer AI risk through industry-leading third-party verification, warranties, and insurance. We collaborate with AI scale-ups and large enterprises across various sectors, including financial services, insurance, healthcare, human resources, legal services, and manufacturing.
We are an alumnus of the prestigious Y-Combinator (W22) and Lloyd’s Lab incubators, and are backed by leading reinsurers Chaucer, Swiss Re and Greenlight Re. We were recently named to FinTech Global's Insurtech100 as well as InsureTechConnect's Forward50.
Working At Armilla AI
Armilla AI operates as a Virtual First Workplace with a Toronto-based office location, primarily serving the North American market within the Eastern Time Zone. The Underwriter position requires candidates to be located in and eligible to work in the United States.
About The Role
Reporting directly to the Head of Insurance, the Underwriter will play a pivotal role in shaping the emerging category of AI risk. This opportunity is ideal for ambitious professionals eager to join a rapidly growing, innovative organization, with a primary focus on the United States market.
Role Responsibilities
- Evaluate and manage policy applications in accordance with Armilla AI's underwriting guidelines, applicable laws, and regulations.
- Cultivate and nurture long-term relationships with broker partners to drive business growth.
- Employ negotiation skills to foster positive relationships internally and externally.
- Provide timely responses and recommendations to brokers and underwriters via verbal and written communication.
- Participate in broker visits, industry events, and marketing initiatives to foster broker relationships.
- Review underwriting reports and provide recommendations as necessary.
- Communicate updates regarding product pricing, underwriting guidelines, and new offerings.
What We’re Looking For
- Minimum 5 years of experience in writing commercial E&O and/or cyber insurance.
- Strong technical proficiency in evaluating and underwriting large, complex accounts.
- Knowledge of pricing methodologies, modeling tools, and standard policy wordings.
- Ability to analyze data for risk assessment and decision-making.
- Proven market awareness and broker development skills, with a track record of premium generation.
- Thorough understanding of legal and regulatory requirements.
- Excellent analytical, organizational, and communication skills.
- Proficiency in relevant software, including Excel and other departmental tools.
- Previous experience or skills in AI, Data Science, or Cyber Security are advantageous.
- Post-Secondary Education or equivalent industry experience.
What’s In It For You
- Exposure to all aspects of a growing startup within a small team environment.
- Opportunity to work alongside seasoned entrepreneurs.
- Competitive salary and equity incentive plan.
- Comprehensive health, dental, and vision insurance.
- Flexible working hours and vacation time.
- Hybrid/Remote-friendly work environment.
Salary & Benefits
Our compensation packages include competitive base pay, stock options, and a range of benefits and perks tailored to our industry and team size. Salary ranges are subject to adjustment based on qualifications, experience, location, and business needs.
