CHICAGO, November 10, 2021–(BUSINESS WIRE)–Kin Insurance, Inc. (“Kin” or the “Company”), a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE: OCA) (“Omnichannel”), today announced select preliminary operating results through October 31, 2021, and additional preliminary results for the third quarter ended September 30, 2021: Total Managed Premium1 increased to $79.4 million year-to-date through October 31, 2021, over four times the $18.5 million of Total Managed Premium in the prior-year comparative period. $10.2 million (96%) of Total Managed Premium in October 2021 was written through the Kin Interinsurance Network (the […]

Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises , announced a partnership with Sayata, the leading broker platform for placing cyber and other commercial risks, to provide precise, instant quoting for cyber coverage through a 100% digital process, further increasing the speed at which cyber policies can be issued. The majority of insurance applications submitted through APIs still result in inaccurate quotes. This triggers the need for manual underwriting and unnecessary delays. Insurance agents and brokers need speed and efficiency when servicing small and mid-size businesses while offering coverages that are relevant, easy to […]

Upshift, a W2 staffing platform that connects businesses with the staff they need, arrives in Orlando and Tampa in time to fill the gap in post-pandemic hiring. Employers need reliable, competent, and committed workers. Competent, committed workers deserve flexibility and security from their employers. We make sure they find each other so both sides benefit.” — Alex Pantich, Chief Operations Officer and Co-Founder of Upshift ORLANDO, FLORIDA, UNITED STATES, October 27, 2021 /EINPresswire.com/ — Upshift, an industry-leading staffing platform, today announced the opening of offices in Tampa and Orlando. Backed by Recruit Holdings, the owner of Indeed.com and Glassdoor.com, Upshift connects […]

SPAC merger partner Kin Insurance reported third-quarter financial results before the market open Wednesday. What Happened: Kin Insurance, which is merging with Omnichannel Acquisition OCA +0% (Get Free Alerts for OCA), reported third-quarter gross written premiums of $26.7 million, a 534% year-over-year increase. Total managed premiums were up 420% year-over-year to $27.8 million. “While the third quarter is typically the seasonally slowest quarter, our direct-to-consumer value proposition enabled us to still grow our Total Managed Premium by double digits sequentially,” Kin Insurance CEO Sean Harper said. The company’s renewal rate on carrier increased to a record 99%. Harper said he’s proud of the renewal rate […]

PLEASANTON, Calif., Oct. 6, 2021 /PRNewswire/ — Cowbell® Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), continues its exceptional growth and rapid success. The company’s policyholder base grew 34 times since the beginning of the year while reported claims remained under 1%. Cowbell’s AI-assisted underwriting, leveraging a risk pool of 15 million U.S. businesses, combined with proactive risk management services, brings precision into risk selection, and proves the company’s effectiveness at steering policyholders away from cyber incidents. Cowbell also announced a strategic partnership with Palomar Excess & Surplus Insurance Company to further enhance its innovative offerings on […]

PLEASANTON, Calif., October 05, 2021 — Cowbell® Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today was named to the fourth annual CB Insights Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City. This accolade is a testament to how Cowbell continues to deliver accelerated growth, secures substantial insurance capacity, scales distribution with its superior digital experience and excels at risk selection through its AI-assisted underwriting. This listing comes on the heels of a number of […]

PLEASANTON, Calif. – Sept. 15, 2021 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the launch of its cyber risk exchange marketplace, Cowbell Rx. Cowbell Rx closes insurability gaps by providing cyber insurance applicants with resources to meet eligibility requirements while also enabling active policyholders to continuously improve their organization’s risk profile. This comprehensive list of partners is the first of its kind in the cyber insurance industry. Cyberattacks continue to proliferate and damage business operations, with predictions that new attacks will happen every 2 seconds by 2031. However, cybersecurity […]

Blueprint Title, an insurtech startup working in the title insurance space, announced this morning that it closed a $16 million Series B. The new round was led by Forté Ventures. The startup previously raised an $8.5 million Series A in the final weeks of 2019. While Blueprint is an insurtech startup and therefore fits into the neoinsurance cohort that we’ve tracked in recent quarters as a number of companies from the group have gone public, it’s somewhat distinct. Blueprint is different from the Roots and MetroMiles and Hippos that debuted via traditional IPOs or SPACs; it largely sells to business […]