VC-backed workers’ comp and payroll startup hires Vinsonhaler to head underwriting

As head of underwriting, Vinsonhaler will oversee Hourly's overall underwriting strategy, portfolio management and manage the underwriting team.

  • Vinsonhaler spent 20 years leading underwriting strategy at Markel
  • Hourly was established in 2018 and is headquartered in Palo Alto, California
  • In June 2022, Hourly raised $27 million in Series A funding led by Glilot Capital Partners with participation from S Capital, Vintage Investment Partners and MS&AD

Hourly.io, a fast-growing workers’ comp and payroll startup, has hired Jerico Vinsonhaler to serve as head of underwriting. Vinsonhaler spent 20 years leading underwriting strategy at Markel.

As head of underwriting, Vinsonhaler will oversee Hourly’s overall underwriting strategy, portfolio management and manage the underwriting team.

“Hourly is the only player in the industry that is integrating real-time data from the field, payroll, and workers’ comp,” said Vinsonhaler in a statement. “What really drew me to the company was the impact it could have on employers and employees. Because we have the opportunity to engage directly with both on a daily basis, we see labor costs in real time which means premiums are accurate, claims are reduced, and workers’ comp insurance ultimately becomes more affordable for everyone.”

Hourly was established in 2018 and is headquartered in Palo Alto, California.

Vinsonhaler will join another industry veteran Tomer Eilam who previously served as Atlas Insurance’s chief actuary. Currently, Eilam serves as chief analytics and risk officer.

In June 2022, Hourly raised $27 million in Series A funding led by Glilot Capital Partners with participation from S Capital, Vintage Investment Partners and MS&AD. The company has raised a total of $34.2 million in venture capital to date.