A reciprocal exchange is the ideal structure for insurtech investors. I’ve written before about how reciprocal exchanges are the original peer-to-peer (P2P) insurance model and have many benefits for consumers. Reciprocals also have some big benefits for investors because they: Aren’t directly exposed to insurance risk Have stable earnings / higher valuations Have a simple gross margin calculation Better match capital structure to investor preferences Offer full control and stability Background: What Is a Reciprocal Exchange? Let’s rewind a bit. Reciprocals started way back in 1881 when dry-good merchants in New York got fed up with overpaying to insure their […]

Pleasanton, California-based Cowbell Cyber raised a $20 million Series A as more small and medium-sized enterprises look for insurance against the growing number of cyberattacks.

CHICAGO (PRWEB) FEBRUARY 16, 2021 Kin Insurance, the insurance technology company transforming home insurance through intuitive tech and affordable pricing, today announced it has surpassed $10 billion in total insured property value. Its substantial growth is a testament to the increased demand for easy, affordable coverage for homeowners. Kin saw a 400 percent increase in direct written premiums in Q4 2020 over the previous year. Additionally, the insurtech boasts a 92 percent renewal acceptance rate, a strong signifier of the company’s dedication to customer satisfaction. Kin consistently outpaces traditional insurance companies on customer satisfaction. Kin’s Net Promoter Score, which indicates […]

It was the world’s first emergency telephone service. But while technology has moved on since the U.K. launched 999 emergency calls in 1937 – and saw the world follow its lead – the service hasn’t evolved quite so quickly. Now a technology startup already providing assistance with 400,000 emergencies a day in North America wants to put that right. RapidSOS takes the view that the more information the emergency services have when someone makes a call, the better their response – and the eventual outcome – is going to be. But 999 calls are voice only and operators are largely […]

Emergency response services have been one of the unsung heroes of the last chaotic year, providing essential and urgent medical and other assistance during a period that has faced not just the usual run of natural and man-made disasters, but a global health pandemic to boot. Today, a startup that is building tools to make it easier for emergency response teams to do their jobs by providing them with more immediate data about callers and their circumstances is announcing a big round of funding as it continues to grow. RapidSOS, which has built a data platform for emergency response services, […]

RapidSOS Earns Placements on Built In’s Best Places to Work 2021 Lists in NYC New York, NY // January 7, 2021 — Built In today announced that RapidSOS was honored in its 2021 Best Places To Work Awards. Specifically, RapidSOS earned placements on the NYC Best Midsize Companies to Work For, NYC Best Places to Work, and NYC Companies with the Best Benefits lists. The annual awards include companies of all sizes, from startups to the enterprise, nationally and in the eight largest tech markets and nationally. “We’re thrilled to be recognized as one of NYC’s best places to work,” […]