Legal Counsel, Next Insurance
$124-167k
Office located in Waltham, MA
Online-based insurance broker for SMBs
Be an early applicant
Online-based insurance broker for SMBs
501-1000 employees
Be an early applicant
$124-167k
Office located in Waltham, MA
501-1000 employees
Company mission
To build a simplified digital insurance experience that better serves small businesses.
Role
Who you are
- JD and admission to a state bar association in the United States in good standing
- 3+ years of legal and regulatory experience in insurance preferred, ideally at a law firm, insurance company, or insurance intermediary (broker/agent)
- P&C Insurance experience preferred, but will consider candidates with experience in other insurance lines of business
- Working knowledge of the insurance regulatory environment
- Experience drafting insurance agent agreements a plus
- Excellent analytical and oral and written communications skills, with the ability to work as a team player and effectively communicate effectively across a number of diverse internal groups
- Ability to appropriately prioritize a heavy workflow, and coordinate activities with colleagues to efficiently deliver results
- Ability to operate with limited supervision on moderately complex projects
What the job involves
- The Next Insurance Legal Department is seeking an experienced insurance regulatory attorney, to join our highly collaborative team
- This is a key position reporting to the Associate General Counsel that will involve working closely with the business across various functions of the organization
- The Legal Counsel will provide legal advice on multiple subject matter issues to internal partners within Next’s various business units and support day-to-day initiatives as well as long-term strategies
- Under the guidance of the Associate General Counsel, you will also draft, review, revise, and negotiate various partnership and agency agreements
- Conduct multi-state and issue-specific legal research on a wide variety of topics as needed
- Support New Law & Regulation monitoring process by providing legal guidance to analysts and business partners
- Provide general contract, regulatory, and legal support to Next’s business stakeholders, which may include, product, filings, partnership & distribution, underwriting, marketing, actuarial, and finance functions
- Provide product legal support including advising rules, rates, insurance sales disclosures, forms, and other notices that must adhere to various state statutory and regulatory requirements
- Support and / or manage certain interactions with regulatory bodies including market conduct exams, filing objection responses, and DOI complaints responses
- Draft, review, and negotiate various NDAs, partnership and agency agreements in collaboration with key internal business stakeholders
- Provide legal support on various business, legal, regulatory, or compliance initiatives as they may arise
- Assist in development and maintenance of key contract templates
- Drive process improvement within Legal and across the organization
Our take
Next Insurance serves small businesses by making it much simpler to take out an insurance policy without the headache associated with many providers. To begin trading any business needs to have some sort of insurance policy in place, traditional offerings can take weeks, often requiring tedious paperwork.
Next Insurance has opted to use AI, machine learning and transparent language to make the process much simpler, it can take just five to ten minutes for customers to obtain a package that suits them.
While Next Insurance is facing established insurance companies such as Hiscox and State Farm, its partnership with Amazon Business Prime to insure its members in a move to target traditionally underserved insurance customers and more recently with LegalZoom, to simplify the insurance process, as well as its nearly half a million customers has the company well set to remain major player in the space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Nov 2023
$265m
SERIES G
Mar 2021
$250m
SERIES E
Total funding: $1.1bn
Company benefits
- Medical insurance
- Vision insurance
- Dental insurance
- 401(k)
- Paid maternity leave
- Paid paternity leave
Company HQ
Palo Alto, CA
Leadership
Alon Huri
(Co-founder)They spent 4 years as a System Architect before Software roles at Mercury, HP, and Check. They co-founded Next Insurance in March 2016 with Guy and Nissim.
Guy Goldstein
(CEO & Co-founder)After 7 years in the Israeli Air Force, they worked at Mercury Interactive for almost 8 years, as well as roles at HP and Check, which they co-founded in 2007. Left this role at Intuit in July 2015 to co-found Next Insurance 6 months later.
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