Senior Underwriter - AI Liability

About the Company and Role

A fast-expanding US-based Insurtech startup is pioneering a Managing General Agent (MGA) specializing exclusively in AI Liability insurance to cover enterprises deploying AI agents and autonomous AI systems. Having raised $12 million in recent funding, the company is preparing for market launch, including securing Lloyd's capacity and setting up its coverholder framework. The startup has developed proprietary AI risk-rating methodologies, actuarial models, a technology platform to assist underwriting, and collaborated with Stanford experts. It already maintains strong connections with brokers and AI agent platforms.

Position Overview

We are seeking to hire a Senior Underwriter as the first underwriting lead. This role provides a rare chance to establish and expand underwriting processes for a newly formed insurance product aimed at AI-related errors & omissions (E&O) and liability risks. The selected candidate will be entrusted with full accountability from inception for assessing, pricing, and binding intricate AI liability risks.

Key Responsibilities

• Evaluate, price, and bind complex and emerging technology-related risks focused on AI liability.
• Develop, refine, and implement underwriting appetites, policies, and methodologies specific to AI risk.
• Collaborate closely with brokers and clients to gain insight into novel AI exposures and respond accordingly.
• Create and modify policy wordings addressing new AI perils.
• Employ strong underwriting judgement despite limited historical loss data in this emerging field.
• Translate proprietary AI risk frameworks and technology into actionable underwriting decisions.
• Contribute to portfolio development and scaling of underwriting operations as the MGA expands.
• Forge robust relationships across broker, carrier, and capacity markets.
• Eventually lead and grow the underwriting team to support future business needs.

Candidate Profile

• 8 to 12+ years of experience underwriting Cyber, Technology E&O, Professional Liability, or related specialty insurance products.
• Demonstrated ability to independently structure, price, and underwrite innovative, complex, or emerging risk classes.
• Proven track record in product creation, underwriting framework development, or drafting policy wordings is highly desirable.
• Strong market presence with established broker and capacity provider relationships.
• Senior-level credibility to engage meaningfully with carriers, reinsurers, and capacity providers.
• An entrepreneurial spirit with eagerness to build a product from ground up instead of inheriting existing books.
• Direct experience with AI liability, affirmative AI coverage, or autonomous/agentic technology insurances is a plus but not mandatory.

Company Background and Proposition

• Founded by leaders with backgrounds in insurance, technology, and engineering, including ties to Stanford University and senior roles at Aon.
• Developed a proprietary AI risk-rating system alongside actuarial consultancy support.
• Created a technology platform specifically to facilitate underwriting processes.
• Focused on affirmative E&O and AI liability for enterprise AI deployments rather than merely adapting traditional cyber insurance.

Current Status and Future Plans

• Raised $12 million in funding as of April.
• Pre-launch phase moving towards imminent market entry.
• Securing Lloyd's capacity and establishing a coverholder structure.
• In ongoing talks with brokers and AI agent platforms.
• Seeking to onboard their inaugural senior underwriter to operationalize and scale underwriting activities.

Location

While the company is headquartered in San Francisco, they are open to appointing a senior underwriter based in London’s Lloyd's market. Candidates based in London who are willing to relocate to the US in the future will also be considered.

Why Join?

• Become a founding team member with significant influence on underwriting AI liability insurance products.
• Shape product development, risk appetite, portfolio strategy, broker relationships, and capacity partnerships.
• Opportunity to lead and grow an innovative underwriting function specializing in emerging technology risks.