Meaningful Careers.

Company Description

Healthcare providers spend roughly $20B annually on premiums for medical professional liability (“MPL”) insurance, $5-6B of which is spent for physicians. Incumbent carriers utilize outdated risk selection, underwriting, and sales processes. For the first time in 10 years, The MPL market is currently in a hardening cycle. While incumbent carriers are increasing rates to make up for underwriting losses, the environment is ripe for an innovative disruptor to capture market share by deploying artificial intelligence.

Rubicon Founders, an entrepreneurial firm focused on building and growing transformational healthcare companies, has launched Indigo to address this issue. Backed by Oak HC/FT, this company will disrupt the medical professional liability market by offering more competitive products to providers. Benefitting from significant potential cost savings as a result, providers may reallocate resources to invest more directly in patient or staff care. This company intends to fulfill Rubicon Founder’s mission of creating enduring value by impacting people in a measurable way.

Position Description

Reporting to the Chief Insurance Officer, Braden Davis, the Head of Actuarial will lead Indigo’s overall actuarial function, monitoring, analyzing, and reporting on company results. This role will be responsible for overseeing both Pricing and Reserving functions, in relationship with outside consultants and auditors. This role will also work closely with the Data Science and Underwriting teams to collectively refine and manage predictive analytics and outcomes.

This individual will be thoughtful, innovative, and insightful – leveraging their creativity and experience to develop solutions to help Indigo build a stronger, smarter, and more agile business. As an early member of the team, the candidate will have significant impact on not only the design of our actuarial functions, but also on the evolution of our insurance strategy more broadly.

Candidate Responsibilities:

• Develop and optimize core actuarial processes and outputs for the business, ensuring we maintain standard procedures and analyses, structured code/data repositories, and solid documentation around work product
• Develop tools for and support Large Account Pricing, including experience rating models that support alternative structures and/or high deductibles
• Develop and maintain manual rates by state (leveraging existing framework and/or available data sets), including close collaboration with the Data Science and Underwriting teams to ensure the cohesiveness of Modeling and Pricing efforts
• Oversee outside actuaries on reserving and related analyses/projections and other special projects
• Support reinsurance placement, reporting, and ongoing relationship management
• Partner with the broader Insurance and management team to create an entrepreneurial culture built on transparency, innovation, rigor, accountability, and performance

Qualifications/Requirements:

• FCAS (preferred) or ACAS, and MAAA designations
• Bachelor's Degree in Mathematics, Actuarial Science, Economics, or Statistics
• 7+ years professional experience in a relevant roles/organizations
• Experience with Commercial Lines and Reinsurance
• Medical Professional Liability experience highly preferred
• Relevant experience and knowledge of Pricing, Ratemaking, and Reserving methodologies
• Experience with Economic Capital Modeling is a plus
• Solid knowledge of predictive modeling in Python and/or R
• Advanced Excel skills
• Interest in AI/ML tools and frameworks
• Strong interpersonal and communication skills
• Attention to detail, comfort with ambiguity, and an entrepreneurial mindset
• Occasional travel
• General technical knowledge/apps: Python, R, SQL, ODBC, GitHub, Jira/Asana, typical MS/Google office tools, slide-rule, pencil-sharpener, lever, pulley, wheel and axle, backhoe is a plus
• Smart, gritty, detail-oriented, mission-driven, entrepreneurial and operates with urgency