About MIC Global
Building a global insurance safety net that is simple, easy to understand, and accessible to all.
MiC Global is a full stack technology-focused insurance company. MIC has brought together sales, distribution, product, technology, and underwriting to focus on new insurance opportunities in the digital economy. MIC aims to provide insurance to the internet platforms, billions of people, and millions of businesses that are unserved by the current models.
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, traditional insurance companies have not done such a great job of this, globally few people buy, and it’s seen as complicated, expensive, and untrustworthy.
MiC combines Ai, automation, and explicit decision-making algorithms to speed up processes, optimize customer experience, and lower costs.
So far, MIC has 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 anyone and everyone who needs it. 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.
The insurance landscape is changing with many insurance products embedded with technology devices. MiC provides services to device manufacturers and VARs to help them understand the data streaming from IoT devices and how this can be utilized to reduce insurance risk and effectively alert claims professionals where timely intervention is required. MiC wraps this in a warranty-as-a-service product allowing simple, replicable, services to the consumer.
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.
The Technology Team at MIC prides itself on being a professional technology services organisation with the highest standards of customer service.
The MiCa Factory
MIC Global has the mission to revolutionise insurance. Our vision is to digitise the end-to-end processes that encompass all aspects of insurance practice. Using automation and explicit/AI based decision algorithms we aim to reduce process cycle time, increase competitiveness, and deliver an exceptional customer experience by implementing a frictionless journey.
For our Partners MIC enhances perceived value with the addition of micro insurance products to their core offering. This helps increase customer retention and can add materially to revenue per customer.
The MiCa Factory is the MIC digital collaboration environment for rapidly designing and deploying new partnership opportunities; it is the MIC Accelerator (MiCa). It coordinates all the different capabilities to rapidly fulfil the required artefacts to enable new partnerships and new products in addition to meeting regulatory requirements for new territories.
The Mica Factory will allow for seamless digital requests for assistance from the MIC community of technical resources, tracking progress and dependencies. It will act as a central repository for all submissions, presentations and documentation providing a simple digital file for easy access and dynamic collaboration.
We are in the advanced process design phase at present (Q1 22) and expect the launch of the platform in Q2 22.
Stage 1 ICE, the Innovation Consideration Environment. This allows all new business opportunities to be assessed for operational, regulatory, commercial, and/or technological feasibility. Passing this stage allows resources to be allocated for the next stage…
Stage 2 Solution Design and Contracting. This utilises resources as required from Underwriting, Compliance, Legal, Operations and Technology to design a solution that brings accretive benefit for Customers, Partners and MIC. Regulatory approvals are usually completed at this stage if required. An agreed Solution and Commercial Agreement allows resources to be allocated to the final stage…
Stage 3 Delivery. This is the final build of technology, recruitment of any resources required for go live. We also finalise any compliance requirements and schedule underwriting reviews. Finally implementing finance procedures including premium collection and claims payment processes.
The simple objective is to make the process of enabling new business as simple as possible, even if this involves new/amended products or new territories. Transparency is key to enable fast, informed, decision making.
This role would be responsible for the dedicated implementation support and expertise to efficiently onboard new partners, new schemes, new territories, and new insurance products. This role is the pivotal coordination point between all the MIC departments, and external third parties, to ensure effective collaboration, planning and organisation that results in timely delivery of a solutions. Transparency is core to the performance of this role with regular, timely, accurate reporting of progress highlighting any risks to delivery of individuals solution. The role requires good communication and presentation skills as there is often a requirement to present at pitches to prospective new clients to explain our approach to implementation and how we use our skills and experience to safely manage their scheme within MIC Global.
Global team expansion: Building up a world-class team of talented and passionate people.
Edwin Harrell | LinkedIn
Investor & CEO
Harry Croydon | LinkedIn
Please email your CV and a covering letter to email@example.com we will contact those applicants that we wish to interview. You will be asked to conduct a short psychometric survey before any interview to enable us to understand your personality type. We are an equal opportunity employer and welcome and encourage applicants from all citizens of Earth.