The startup offers a platform for the creation, management, and distribution of customizable insurance products across various sectors, including non-life insurance. By leveraging technology, the platform simplifies the sales process and enhances the user experience for both insurers and customers, addressing the complexity of traditional insurance offerings.
Funding
$52.8M 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.
WSFounders
Product
Problem
Insurance brokers face challenges in efficiently creating and launching tailored insurance products due to lengthy processes, lack of specialized expertise, and difficulties in diversifying risk carriers. This results in delayed market entry and lost revenue opportunities.
Solution
Seyna offers a comprehensive platform designed to streamline the creation, management, and distribution of custom insurance products for brokers. As a licensed insurer, Seyna enables brokers to design white-label products in as little as three months, leveraging a dedicated team of actuarial, legal, and sales experts. The platform provides access to diversified risk-carrying capacity, advanced analytics tools for portfolio performance optimization, and underwriting technology to improve prospect conversion. Seyna's solutions include a subscription journey builder, policy management automation, and API integrations, empowering brokers to launch new offerings quickly, increase profitability, and enhance customer experience.
Target Audience
The primary target audience includes insurance brokers, MGAs, wholesalers, and generalists seeking to launch and optimize custom insurance products, diversify risk carriers, and improve profitability.
Features
- White-label insurance product design and co-creation with a dedicated team of experts
- Access to diversified risk-carrying capacity through Seyna's insurance license and partner ecosystem
- Seyna Analytics tool for real-time risk monitoring, reserving, and delegated audit capabilities
- Subscription solution with custom fields, dynamic pricing, e-signature, and integrated payments
- Automated policy management, including tracking of due dates, renewals, and unpaid premiums
- API for seamless integration with existing broker systems
- Pre-built integrations with third-party managers
- Option to export policies in .csv format