AkinovA operates a regulated electronic marketplace for the transfer and trading of insurance and reinsurance risks, utilizing secure, cloud-based technology to facilitate real-time price discovery and transaction execution. The platform connects brokers, capacity providers, and data analysts, enabling efficient risk management and capital deployment across 41 countries.
Funding
$4.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FVHMAPAFounders
Product
Problem
The insurance and reinsurance industries often face challenges in efficiently transferring and trading risks due to fragmented communication, limited price transparency, and reliance on traditional, manual processes. This can lead to slower transaction times, higher costs, and restricted access to diverse capital sources.
Solution
AkinovA provides a regulated electronic marketplace designed to streamline the transfer and trading of insurance risks. The platform connects brokers, capacity providers, and data/analytics vendors, facilitating real-time price discovery and efficient transaction execution. By digitizing the risk transfer process, AkinovA aims to improve market access, reduce operational overhead, and enhance capital deployment for participants across the insurance ecosystem. The platform offers features such as secure instant messaging, customizable price discovery, and secondary market trading to optimize risk management and facilitate deal flow.
Target Audience
The primary users include insurance brokers seeking to expand their client base and capacity, cover buyers aiming to actively manage risk exposure, capacity providers looking to efficiently deploy capital, and data/analytics vendors seeking to reach a global user base.
Features
- Regulated by the Bermuda Monetary Authority, ISO27001 and FSQS certified, and FCA regulated.
- Secure, encrypted, cloud-based technology for rapid scaling and high availability.
- Customizable price discovery methodologies for real-time visibility of market appetite and pricing.
- Secure instant messaging for communication between market participants.
- Secondary market trading to streamline the retrading of insured capital.
- Access to third-party data, news, and analytics to inform decision-making and deal structuring.
- Customizable reports on trading activity and anonymized reports based on marketplace activity.