opens in new window, Kin Insurance awarded Built In's 2021 "Best Midsize Companies to Work For" The insurtech company announced on Monday its upcoming merger withOmnichannel Acquisition Corp. to be listed as a public company. We are excited to enter the public markets with Matt Higgins and the incredible team at Omnichannel, who have a proven track record of building enduring direct-to-consumer brands, making them the perfect complement for Kin. Our customers receive a simple, direct and exceptional experience that provides them with real savings and leaves them delighted and loyal to Kin. opens in new window, Chicago Crains Business: Insurance startup Kin raises $69 Million with investment from PGA Pro opens in new window, Forbes: The case for concentrated growth Forbes: In the era of customer experience, chatbots dont always pay, Crain's Chicago Business: Insurance startup raises $47 million, VentureBeat: Kin raises $47 million and launches homeowner insurance carrier in disaster-prone areas, Inc: Could you, should you, would you: Questions for hiring corporate misfits, Forbes: In hyper-growth mode? Why? Platforms, Subscription 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. Trust your team opens in new window, Crain's Chicago Business: Kin lines up private investment for its next stage of expansion "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, Carrier Management: Kin Insurance upgrades reinsurance program to beef up disaster protection capacity opens in new window, Kin grows total written premium by 230% year-over-year opens in new window, Crain's Chicago Business: Insurance startup raises $47 million The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The investor presentation lays out Kin Insurance as being built for the digital era with competitors stuck in the past. opens in new window, Kin Insurance selects Snapsheet to deploy end-to-end claims management platform Consumers deserve an easy, affordable and personalized insurance experience, and at Kin, we are building the home for better insurance., The Kin team has leveraged their decades of insurance and fintech experience to build a capital efficient company that is experiencing outstanding growth across the board, along with compelling and superior unit economics, said Matt Higgins, chairman and CEO of Omnichannel, who also co-teaches a course on digitally native brands at Harvard Business School. opens in new window, Insurance Journal: Kin Insurance launches landlord insurance in Florida market Kins existing stockholders will be rolling 100% of their equity into the combined company and are expected to own approximately 74% of the combined company immediately following the closing of the business combination, assuming no redemptions by Omnichannels public stockholders. 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. We save you countless hours of wasted time and false starts. opens in new window, Kin Insurance provides Hurricane Ian update 2: Kin Interinsurance Network total policies in force at the end of the period (new and renewal). The insurtech company announced on Monday its upcoming merger with Omnichannel Acquisition Corp. to be listed as a public company. opens in new window, Benzinga: With over 200% YOY gross profit growth, this insurtech company says its not done yet opens in new window, Crunchbase: Some Crossover Investors Ramp up While Others Scale Back Amid Market Wonkiness 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. Moreover, the math barely adds up when you look at a 38% loss ratio, a 28% reinsurance premium, and a 32% commission. 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. The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers. Help your agents identify strong leads, and you will only benefit. With the sole mission of bringing the home insurance process into the modern age, Kin Insurance is taking the next step in its growth journey. As a result, Kin has an opportunity to reinvent and lead the massive homeowners insurance marketplace. USA Today: Which tech investments can weather volatile markets best? opens in new window, Kin upgrades reinsurance program, emphasizing commitment to homeowners most impacted by climate change We know your business and the landscape of Insurtech. Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check firm led by Matt Higgins, a longtime investor who has appeared as a Shark Tank judge. Dive, Become a Payments, More opens in new window. More in ChicagoNatures Fynd Raises $350M to Bring Its Meatless Food to Market. opens in new window, Kin gives Floridians new insurance discounts following passage of assignment of benefits bill opens in new window, Inside P&C: Kin raising new VC funding after SPAC deal termination Why it matters: This is likely to be a good outcome for Kin. Kins proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. opens in new window, Inside P&C: Kin pulls in $82MN in Series D funding Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Payments, Grocery Call K. Flynn Insurance Agency at (636) 528-6363 today. How to get the most from your teams, Forbes: Why cross-functional teams solve problems best, Forbes: The limits of being awesome in a highly regulated industry, Chicago Inno: Facing legacy insurance giants, Chicago upstart Kin gains popularity with homeowners, Forbes: Eliminating the hidden costs of saving on customer support, VentureBeat: 5 startup trends that shaped the Midwest in 2018, Forbes: 12 late-stage interview faux pas that could cost you the job, Forbes: How data allows you to create tailor-made customer experiences, Forbes: How solving real problems is a competitive advantage in todays world, Forbes: Reminder: Capitalism is supposed to benefit customers, Inc.: Let the person with the most information make the decision, Forbes: How to successfully identify problems worth solving, Crains Chicago Business: Insurance startup Kin raises $13 million, Crains Chicago Business: Meet Allstate's newest challengers, Built In: 5 Chicago tech companies redefining the insurance industry. 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 The Florida license number for Kin Insurance is L098613. opens in new window, Forbes: How data allows you to create tailor-made customer experiences opens in new window, Benzinga: Omnichannel acquisition partner Kin Insurance reports triple digit growth in Q3 Kin Insurance, an InsurTech that has just finalized a $64mn series C investment round, is in talks to merge with a special purpose acquisition company (SPAC) led by Shark Tank judge Matt Higgins, Bloomberg has reported. opens in new window, Forbes: In hyper-growth mode? opens in new window, Insurtech startup Kin Insurance raises $47M to launch carrier in Florida opens in new window, Kin Interinsurance Nexus earns Financial Stability Rating of A, Exceptional, from Demotech opens in new window, Insurance Journal: Cat-focused Kin Insurance acquires shell for expansion The call may be accessed by dialing (877) 407-4018 for domestic callers or (201) 689-8471 for international callers. Kin Insurance has raised a total of $383.2M in funding over 9 rounds. 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, Bankrate: Factors that impact your home insurance rate opens in new window, Kin announces $82M first close in Series D financing 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 proposed stock purchase agreement deal, as well as the public offering, are anticipated to close in the last quarter of this year. He cited his teams expertise with customer acquisition -- such as with the use of micro-influencers -- as a mechanism to accelerate growth at Kin, which benefited from increased e-commerce adoption throughout the pandemic. Such forward looking statements include estimated financial information, including insurance premium run-rate and enterprise software revenue. opens in new window, Forbes: Why cross-functional teams solve problems best opens in new window, CNBC: Home Insurance company Kin to go public via SPAC merger opens in new window, Kin enhances reinsurance program, safeguarding customers who are most vulnerable to climate-related risks opens in new window, Actuarial Review: Going insurtech We believe Kin is well positioned to capitalize on that unmet demand for years to come.. opens in new window, Forbes: Fintech startups: Plan for your customers emotional realities Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive insurance carrier holding licenses in 43 states. Looking statements include estimated financial information, including Insurance premium run-rate and enterprise software revenue, and will! 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