<aside> 🤯 Novella is changing the way the most complicated insurance policies are sold.
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Excess and Surplus (E&S) insurance is a $100 Billion market growing at 20% a year due to macros forced pushing more premium dollars into E&S. Yet the experience of selling E&S for insurance brokers is terrible: PDF applications, emails back and forth, and phone calls lead to month-long wait times for a single quote. Through that process, carriers waste time requesting supplemental information and clarifying data that should have been included in the initial submission. Novella is fixing that as the first AI-powered insurance wholesaler simplifying the process for brokers to help them insure their most complex customers.
Insurance is the backbone of our economy. The first insurance policies were sold over 700 years ago; and without the ability to offset risk, things can’t be built. Things like climate change and inflation are making insurance more complicated by the day. As our world gets more complicated, so follows insurance.
Novella is making insurance accessible in a complex environment.
At Novella, we’re laser focused on building a small team of super stars who want to build the future of insurance.
We’re looking for people who want to build. Who like getting their hands dirty and want to work on hard problems. Our engineers don’t just write code - they speak to customers, fight with our product manager (and CEO) and push to integrate the newest AI features in all areas of our stack.
Our team is dual headquartered between NYC and Tel Aviv. We believe in working together as much as possible even though we aren’t geographically all in the same place. We aren’t afraid to get on a plane to solve a problem face to face but we’re also determined to make the two sites feel like one.
We believe in compensating our team for the long run. We want people who want Novella to succeed and want to share in that success. We aim to pay middle of the market salaries but top of the market in equity compensation.
We hire owners and owners are by definition responsible. We generous with our vacation time and trust that team members will take time off when they need it but not abuse the policy.