LOOP has appointed the former Metromile executive Jonathan Seibold as the Head of Underwriting. For over 20 years Seilbold has served as an underwriting leader, specializing in personal and commercial auto lines of business. At LOOP he will grow the insurance operations infrastructure and underwriting team.
Previously, Seibold was the Senior Manager of Underwriting at Metromile, where he created a comprehensive underwriting strategy that improved their Ultimate Loss Ratio by 13 points. Additionally he automated several underwriting functions to improve operational efficiency, delivered an additional $2M in revenue in 15 months and championed compliance projects that provided cost savings.
“Jonathan embodies our mission at LOOP, putting people first and measuring what matters, and will embed these values in our underwriting strategy, operations and performance. His years of leadership experience in both traditional insurance and insurtechs are exactly what we need to scale and fuel sustainable growth,” says Carey Anne Nadeau, Co-CEO at LOOP.
His proven track record of leadership includes the recognition of Employee of the Year at MAPFRE USA, completion of Harvard University’s Management Training program and growing an insurance team from 20 to over 120 members.
Seilbold shares, “the vision John and Carey Anne have for developing a fair and biased free insurance product is exciting. They have a passion to see our industry change and grow to a more level playing field for everyone. Creating the opportunity for people to be rated based upon the driver’s skills, habits and decisions over their gender, credit score, and affluency. I really want to see this type of change flourish in our industry and demonstrate how effective this can be in building an insurance product that is able to grow and scale profitably.”
LOOP is a Public Benefit Corporation and insurance provider founded with a mission to create fair insurance for all. Using technology and data, LOOP offers more equitable and transparent pricing for customers. For general inquiries, more information on LOOP, or to join the team, please visit ridewithloop.com.