The Florida license number for Kin Insurance is L098613. opens in new window, Business Observer: Insurtech startup brings fresh perspectives to market We save you countless hours of wasted time and false starts. opens in new window, Forbes: Reminder: Capitalism is supposed to benefit customers opens in new window, Insurance Journal: Kin Insurance to offer homeowners coverage in Louisiana So one way to think about Kin's marketing efficiency is to compare our $500, divided by our average policy size, $1733, divided by the life of the policy implied by our 92% renewal rate and you get 2.3% which compares very favorably against the 17% that selling through agents costs. The website encountered an unexpected error. Kins customers have relatively high spending power, are embracing technology and generally recommend businesses they love to their friends and family. Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Omnichannel through the website maintained by the SEC at www.sec.gov. Kin has a 92% customer-retention rate and is expecting to more than triple its written premiums in 2021; and to hit more than $400 million in total written premiums by the end of 2023, Harper said . In connection with the proposed Business Combination, Omnichannel intends to file with the SEC a registration statement on Form S-4 that will include a proxy statement of Omnichannel in connection with Omnichannels solicitation of proxies for the vote by Omnichannels stockholders with respect to the proposed Business Combination and a prospectus of Omnichannel. The agreement values Kin Insurance at roughly $1.03 billion. opens in new window, Forbes: In hyper-growth mode? opens in new window, Cinch Home Services partners with insurance industry disruptor Kin Insurance opens in new window, Crains Chicago Business: Meet Allstate's newest challengers opens in new window, Authority: 5 things you need to succeed in the modern world of finance & fintech Press Release: Investors Presentation: Coming Soon Article: Kin Insurance Inc., an insurance-technology startup that counts Press J to jump to the feed. opens in new window, Kin gives Floridians new insurance discounts following passage of assignment of benefits bill As we look to expand into new markets, we are strategically focused on states where customers need us the most and where our data and technology advantage are the most impactful, Sean Harper, Kins CEO, told Built In via email. A portion of the funding will be investedin building out Kins product offerings as well as growing its product into more markets. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. We know that the insurance consumer has become very price sensitive. opens in new window, Forbes: How to sell value to price-sensitive customers opens in new window, Kin Insurance announces condo insurance in Florida opens in new window, Crain's Chicago Business: Insurance startup raises $47 million opens in new window, Kin Insurance closes $35M Series B to fuel industry disruption opens in new window, Business Insider: Insurtech disrupters: Heres what full-stack insurtechs are doing to beat incumbents opens in new window, Insurance Business America: CEO turns back to private markets after reverse merger derailment Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse merger with Omnichannel Acquisition Corp., the company announced Monday. The insurtech company announced on Monday its upcoming merger with Omnichannel Acquisition Corp. to be listed as a public company. To learn more, visit https://www.kin.com. opens in new window, Kin named one of Tracxn's "Top Emerging Internet First Insurance Startups" He has played a key role in innovating many start-ups and established carriers. We were searching for a digitally fueled business that was going to disrupt a change-resistant industry, said Higgins. Looking ahead, we intend to continue hiring the best and brightest talent to help elevate our data-centric insurance solutions that address the needs of todays world.. Become a smarter investor withCNBC Pro. opens in new window, Kin, the only pure-play direct-to-consumer home insurance technology company, to go public This communication relates to a proposed business combination (the Business Combination) between Omnichannel Acquisition Corp. (Omnichannel) and Kin Insurance, Inc. (Kin). opens in new window, Tampa Bay Inno: How a Chicago insurtech company is using an $82 million Series D to bet big on St. Pete Kin Insurance, a provider of direct-to-consumer insurance solutions, has carved a niche for itself in the industry by making affordable home insurance accessible to customers. What they emphasized during the investor talk and what I saw throughout the investor deck is a focus on data. opens in new window, Insurtech startup Kin Insurance continues to expand its capacity to serve Florida residents In other words, it has the financial stability to pay out claims even after widespread disasters. Please reach out if you want to discuss Kin or some of the advances you could use to guarantee your continued growth and success. Your email address will not be published. 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This deal follows in the footsteps ofseveral other private companiesthat have opted togo public through a SPAC merger. The Chicago-based company, which is currently expanding into new markets, is also preparing to go public. opens in new window, Forbes: How data allows you to create tailor-made customer experiences A PYMNTS study, New Payments Options: Why Consumers Are Trying Digital Wallets finds that 52% of US consumers tried out a new payment method in 2022, with many choosing to give digital wallets a try for the first time. Kin Insurance has raised a total of $383.2M in funding over 9 rounds. opens in new window, Business Insider: Assignment of benefits 101 Partner, InsurTech Naked Looks to New Markets After $17M Series B, InsurTech Duck Creek Sold to Vista Equity for $2.6B, InsurTech Superscript Bags $54.8M Series B, Public-Private Partnerships Can Unlock a $31B Blockchain Payments Opportunity, NatWest Rooster Money CEO on Making Money Tangible for Cash-Free Kids, Debit Card Transactions Soar in Germany Amid Digital Wallet Growth, UK Rapid Grocery Market Booms as Brits Lean Toward At-Home Delivery, Consumers Crave Escape as Travelers Keep Spending, 16% of Consumers Paid Doctor Bills Digitally, FinTechs Team With Credit Unions to Deliver Bankings Marketplace Model, Offering Local Payments Is Merchants First Step Toward Expanding Overseas, Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies, PayU Says Better Security Will Drive eCommerce Growth, FinTechs Struggle to Retain Consumer Trust in Africa. opens in new window, Benzinga: Omnichannel acquisition partner Kin Insurance reports triple digit growth in Q3 / Upon closing of the transaction, the combined company will be named Kin Insurance, Inc. and is expected to be listed on the NYSE under the new ticker symbol KI. It is unclear how rate increases affect retention. Once connected with the operator, please provide the conference ID of 13721202., A replay of the call will also be available today from 11:00 am ET to 11:59 pm ET on August 2, 2021. Got a confidential news tip? opens in new window, Inside P&C: Kin proved its model works through its high customer retention: CEO Harper Moreover, the math barely adds up when you look at a 38% loss ratio, a 28% reinsurance premium, and a 32% commission. opens in new window, Kin upgrades reinsurance program, emphasizing commitment to homeowners most impacted by climate change Previous Series C investors included NBA All-Star Draymond Green and four-time champion golfer Rory McIlroy. Skyline Capital and Runway Growth Capital are the most recent investors. opens in new window, Forbes: Want to build a superteam? opens in new window, USA Today: Which tech investments can weather volatile markets best? opens in new window, Kin ranked #349 on Inc. 5000 list of "Fastest-Growing Private Companies" opens in new window, Crains Chicago Business: Insurance startup Kin raises another $35 million The SPAC Deal: Kin Insurance announced a SPAC merger with Omnichannel Acquisition Cop (NYSE:OCA) valuing the company at a pro forma enterprise value of $1.03 billion. 1 Relateds Stephen Ross, Jeff Blau are participating in PIPE, Pro basketball player Draymond Green is a Kin investor. opens in new window, Kin Insurance selects Snapsheet to deploy end-to-end claims management platform opens in new window, Kin Insurance raises $13M in financing, welcomes new board member Get our latest stories curated just for you. Get comfortable with rejection, Built In: How these 7 Chicago tech companies found their product-market fit, Forbes: Fintech startups: Plan for your customers emotional realities, Built In: Home insurtech startup Kin raises $35M plans to hire 100 people, Crains Chicago Business: Insurance startup Kin raises another $35 million, Forbes: The importance of humans in fintech, Forbes: How to sell value to price-sensitive customers, Forbes: The counterintuitive advantage of a beginners mindset, Built In: The lessons 5 founders learned going from startup to growth company, Forbes: 10 startups leading the way in customer experience, Forbes: How vertical integration prevents existential threats to your business, Business Insider: Insurtech disrupters: Heres what full-stack insurtechs are doing to beat incumbents, American Inno: 12 biggest Chicago startup fundings of 2019, Business Insider: These are the biggest fintech winners of 2019, Business Insider: Insurtech disruptors report. opens in new window, Forbes: The limits of being awesome in a highly regulated industry opens in new window, Kin now offering homeowners policies in Louisiana Kin appeals to customers of all ages, with an average customer age of 57, unusual for direct to consumer brands, which typically service younger customers. Index, Data Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement / prospectus that Omnichannel intends to file with the SEC. More in ChicagoNatures Fynd Raises $350M to Bring Its Meatless Food to Market. A month after canceling its SPAC deal, Chicago startup Kin Insurance is raising new funding as it prepares to bring its home insurance product to more states. Invest in emotional intelligence. opens in new window, Seeking Alpha: Omnichannel CEO Matt Higgins, Kin CEO Sean Harper - focus on macro trends The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. opens in new window, Business Insider: Home warranty vs. homeowners insurance Call K. Flynn Insurance Agency at (636) 528-6363 today. opens in new window, Kin Insurance surges to $11.3 million in total managed premium in November, increasing 327% year-to-date We also work closely with your team to identify opportunities and goals, then introduce you personally to the best Insurtechs to pilot. Insurtech Advisors helps regional carriers and agencies to work with the best Insurtechs that will enable you to thrive and continue to meet the needs of your members, employees and independent agents. opens in new window, Business Insider: These are the biggest fintech winners of 2019 Live from Dubai, connecting Asian markets to the European opens. Its software analyzes thousands of data points on each property, enabling it to accurately evaluate risk and price policies. Kin is the home insurance company for every new normal. opens in new window, Forbes: The importance of humans in fintech (More to follow). Invest in emotional intelligence The proxy statement/prospectus will be sent to all Omnichannel stockholders, and Omnichannel will also file other documents regarding the proposed Business Combination with the SEC. opens in new window, VentureBeat: Kin raises $47 million and launches homeowner insurance carrier in disaster-prone areas . opens in new window, GoBankingRates: How to buy a house without a realtor opens in new window, Built In: 5 Chicago tech companies redefining the insurance industry Get a quote in Troy, MO. "Access to affordable home insurance is challenging in regions that are impacted by climate change and severe weather; at Kin, our proprietary technology and deep data advantage enables us to best evaluate risk and price home insurance fairly for consumers," the company said in a statement. opens in new window, CNBC: Home Insurance company Kin to go public via SPAC merger Louisiana homeowners insurance can cover: Your dwelling, including walls, foundation, roof, floors, plumbing, and more. Kin offers a D2C platform that helps homeowners purchase insurance within minutes, and offers a more convenient way to complete tasks like making changes to their insurance policies or filing a claim. opens in new window, Washington Post: Why your homeowners insurance probably wasnt renewed The company currently operates in Florida, California and Louisiana areas that are highly prone to disastrous weather conditions that are worsening with climate change. Kin Insurance, a Chicago home insurance startup, is canceling its previously announced SPAC deal that would have valued the company at more than $1 billion. Kins direct-to-consumer approach to insurance is a true differentiator and provides it with a clear-cut advantage versus the competition. opens in new window, Forbes: 11 strategies for praising employee work (without causing team resentment) opens in new window, Forbes: How vertical integration prevents existential threats to your business opens in new window, University of Chicago: Kin Insurance to go public expand nationally with aim to save homeowners time and money The call may be accessed by dialing (877) 407-4018 for domestic callers or (201) 689-8471 for international callers. 2: Kin Interinsurance Network total policies in force at the end of the period (new and renewal). Commerce, Real-Time Kin Insurances data aims to more accurately predict home risk, Business Observer: Insurtech startup brings fresh perspectives to market, Fortune: The downfall of the SPAC: Why one CEO called it quits and more will follow, Insurance Business America: CEO turns back to private markets after reverse merger derailment, Property Casualty 360: Climate change is measurable and manageable, Inside P&C: Kin raising new VC funding after SPAC deal termination, Axios: Kin Insurance gets new funding after spurning its SPAC, Crain's Chicago Business: Insurance startup Kin abandons SPAC, Seeking Alpha: Kin Insurance reports four times growth in managed premium, Insurance Journal: Cat-focused Kin Insurance acquires shell for expansion, Inside P&C: Kin proved its model works through its high customer retention: CEO Harper, NerdWallet: The best home insurance companies for 2022, Benzinga: This fintech company could have the staying power weve been waiting for, The Future of Insurance: Sean Harper, Kin Insurance, Lifeblood: House Insurance with Sean Harper, Benzinga: With over 200% YOY gross profit growth, this insurtech company says its not done yet, Alpha Street: Kin Insurance CEO Sean Harper: Will expand into new states, enhance portfolio, Benzinga: Omnichannel acquisition partner Kin Insurance reports triple digit growth in Q3, Forbes: Four ways to amplify your teams creativity, Carrier Management: Kin Insurance upgrades reinsurance program to beef up disaster protection capacity, Seeking Alpha: Omnichannel CEO Matt Higgins, Kin CEO Sean Harper - focus on macro trends, ValuePenguin: Insurance expert Q&A with Angel Conlin, CIO of Kin, Ad Age: Florida Man start in new Kin Insurance campaign, Benzinga: EXCLUSIVE: Kin Insurance's CEO on the competition, national expansion plans, DTC advantage, Forbes: The smartest thing a leader can do? 2: Kin Raises $ 350M to Bring its Meatless Food to Market Kin Interinsurance Network total policies force. 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