Reinsurance News

Kin Insurances reaches $10bn insured property value

19th February 2021 - Author: Matt Sheehan

Kin Insurance, a US insurtech and primary carrier focused on home insurance for catastrophe-exposed areas, has surpassed $10 billion in total insured property value.

The company saw a 400% increase in direct written premiums in Q4 2020 over the previous year, and enjoyed a 92% renewal acceptance rate.

“Kin’s growth is evidence of the exponential need for accessible and affordable home insurance,” Kin Co-Founder and CEO Sean Harper said.

“Every new customer is an opportunity to prove that home insurance can actually be a delightful, easy experience. We’re eager to share that experience with homeowners everywhere.”

In August 2020, Kin raised $35 million to help its expansion into other states, and in September it started serving homeowners in both Florida and California, which together make up 20% of the US home insurance market.

And later this quarter Kin plans to launch its homeowners product in Louisiana.

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