Mark Allan
CEO
Ki Insurance
The startup operates a digital insurance syndicate platform that utilizes algorithms to assess policies and generate automatic quotes for businesses. This technology enables brokers to significantly decrease the time and effort required to secure follow capacity in the insurance market.
- Enterprise Software
- Financial Technology
- Insurance Technology
- Software Only
Updated 21 months ago
Funding
Raised to date
$630MRaised 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.
Funding rounds are not available yet.
Founders
Product
Problem
Securing follow capacity in the insurance market can be a slow and cumbersome process for brokers, often involving lengthy response times and duplication of effort when seeking quotes from multiple capacity providers. This can lead to delays and uncertainty for clients.
Solution
Ki Insurance provides a digital insurance syndicate platform designed to streamline the process of securing follow capacity. The platform uses algorithmically powered underwriting developed in partnership with Google Cloud and UCL to generate quotes in seconds. Brokers can access multiple capacity quotes simultaneously in one place, track firm order notifications (FONs), manage renewals, and draft client programs. Ki always follows the leader’s terms and pricing and is a non-agreement party for claims.
Target Audience
The primary target audience is insurance brokers seeking to quickly and efficiently secure follow capacity for their clients in the Lloyd's of London market.
Features
- Algorithmically powered underwriting for instant quotes 24/7
- Access to multiple capacity quotes from various partners in a single platform
- Digital follow open market experience, always following the leader's terms
- Renewal indications provided automatically
- Platform to track FONs and manage client programs
- Offers capacity across Property, Casualty, and Specialty classes