Micro Insurance Lloyd's Underwriter

Reports To: VP, Head of Underwriting Paige Stiefel

About Us

Building a global insurance safety net that is simple, easy to understand, and accessible to all.

Micro Insurance Company (MIC) is a full stack technology focused insurance company. MIC has brought together sales, distribution, product and technology to focus on new insurance opportunities coming from the new digital economy for billions of people and millions of micro and small businesses globally. MIC provides insurance to internet platforms, millions of micro & small businesses. At MIC, we are changing the insurance business. We are constantly working to create insurance policies that do exactly what insurance is supposed to do – provide a safety net to help people recover quickly from problems large and small. Over the last 300 years, insurance has not done such a great job of this, globally few people buy and it’s seen as complicated, expensive and untrustworthy.

We are dedicated to changing this perception of insurance, and we are doing this through our actions. So far, we have issued over 3 million policies in 15 countries, and we are not slowing down anytime soon. We believe recovering from adversity should not be a privilege for only the wealthy and the few, which is why we are committed to distributing insurance to the world's low and middle-income people and micro businesses. To make insurance accessible, we are often required to solve complex problems. Every country we operate in requires different solutions that are unique to that region. Thus, we have created and implemented many innovative financial services which are distributed through e-commerce partners and platforms, banks, mobile networks and mobile wallets.

At MIC, we pledge to share our skills and ideas to enable other insurance companies to grow their own businesses and to reach more people. We believe together, we can reach 4 billion people.

Role Description

As part of the MIC Senior Management team and as the Active Underwriter for our Syndicate you will have sufficient independence (but not isolation) to not be deemed conflicted where MIC and Syndicate interests diverge.

You will underwrite by analysis, evaluating and rate new and renewal portfolios as well as reviewing queries by operational teams, ensuring all processing and policy preparation is accurate and compliant.

You will work closely with the Global Sales team to identify sales opportunities and assist the sales team in pricing and regulatory frameworks to enable the business.

This role provides scope for involvement in different aspects of insurance, whether that be overseas risks, client meetings, wordings, product development, design, claims discussions, onboarding and presenting business plans to the Lloyds team and our managing agent.


  • Awareness of and contribution to the delivery of the MIC business plan, making decisions as appropriate.
  • Contribute and participate in all relevant meetings, in order to share and develop strategy, knowledge and best practice
  • Positively promote MIC to maximize brand leverage
  • Assist in the assessment of opportunities to formulate a structure that can profitably enable new business.
  • Gain full management oversight of all business resources utilised by the Syndicate.
  • Protect first and promote second; you will be expected to put the Syndicate first to ensure integrity and sound judgement in all that you do.
  • Develop an understanding of all aspects of the syndicate operations
  • Assist with preparation of all syndicate management material including but not limited to, the syndicate Business Plan, monthly management reports and premium income, and to assist as required, on claims developments, reinsurance protection, QMR and ICAs
  • Assist with monthly review of the syndicates planned premium income, lines of business allocation, aggregate monitoring and realistic disaster scenarios calculations
  • Conduct a review of the monthly, quarterly and annual reporting requirements of the syndicate(s) including a review of estimates issued and reinsurance to close calculations
  • Perform underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.
  • Ensure the recording and measurement of insurance risks, including delegated underwriting authorities (DUA’s) where relevant, to ensure accuracy and good practice, assisting with the development or modify policy wordings as appropriate
  • Understand and comply with any reinsurance requirement to minimize risk and to deliver business plan objectives.
  • Be the point of reference for people with Lloyd’s regulatory requirements.
  • Present and explain financial offer internally to gain approval from key stakeholders.

You'll also get a chance to be part of

Global team expansion: Building up a world-class team of talented and passionate people.


  • Portfolio management expertise, with a minimum of 5 years’ experience
  • Ability to work independently as well as part of a team
  • Technical underwriting ability
  • High level communication skills orally, written, and presentation
  • Communication and liaise with all core functions and departments of the business
  • Ability to analyse and explain complex programs in a clear and concise manner
  • Strong and varied knowledge of underwriting process and procedures
  • Strong negotiation skills
  • Ability to engage and positively influence internal and external colleagues
  • Experience in using risk profiling and pricing tools and loss models
  • Open minded
  • Flexible and adaptive


  • 25 days holiday + bank holidays
  • Share Option Scheme
  • Bonus scheme
  • You will be working for a company that has talented colleagues and has a passionate focused culture
  • Extensive potential for growth and professional development
  • Key member of the underwriting organisation

Role reports into:

EVP, Head of Underwriting

Paige Stiefel | LinkedIn

Management Team

VP Insurance

Stephen Cartwright | LinkedIn


Edwin Harrell | LinkedIn

Investor & CEO

Harry Croydon | LinkedIn


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