3. Behind the scenes, Kin utilizes thousands of data points about each property to provide accurate pricing and produce better underwriting results. opens in new window, Kin Insurance provides Hurricane Ian update The inclusion of financial information or projections in this communication should not be regarded as an indication that Omnichannel or Kin, or their respective representatives and advisors, considered or consider the information or projections to be a reliable prediction of future events. Kins proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. opens in new window, Forbes: Eight steps managers can take to facilitate an employees move to another department opens in new window, GoBankingRates: How to buy a house without a realtor opens in new window, Kin Insurance closes $35M Series B to fuel industry disruption opens in new window, Forbes: Four ways to amplify your teams creativity Medium opens in new window, Kin Interinsurance Nexus earns Financial Stability Rating of A, Exceptional, from Demotech opens in new window, Axios: Kin Insurance gets new funding after spurning its SPAC opens in new window, Crains Chicago Business: Meet Allstate's newest challengers Payments, More Insurance technology (InsurTech) company Kin is merging with the special purpose acquisition company (SPAC) Omnichannel Acquisition Corp. to go public on the NYSE under the ticker symbol KI. The combined entity will be called Kin Insurance and will be valued at an estimated $1.03 billion. As a result, Kin has an opportunity to reinvent and lead the massive homeowners insurance marketplace. opens in new window, Kin Insurance sees growth accelerate at the start of fourth quarter, while adjusted loss ratio improves Picks, CE100 By stepping into climate-impacted areas and offering cost-efficient insurance priced with sophisticated climate models, Kin plays a key part in helping our society adapt to climate change. This provides Kin with a wealth of future cross-sell opportunities for existing and new customers with respect to potential additional home-related and insurance products. Commerce, Real-Time The Boards of Directors of each of Omnichannel and Kin approved the transaction. 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, Forbes: 12 late-stage interview faux pas that could cost you the job opens in new window, Insurance Journal: Kin Insurance launches landlord insurance in Florida market We expect to use our strengthened balance sheet to further scale our platform to new geographies, accelerating the growth of our premiums and profitability. opens in new window, FinTech Global named Kin Insurance among "Insurtech 100" in 2019 They are doing this by merging with the Omnichannel Acquisition Corp SPAC. This sets Kin apart since the company prioritizes serving customers in places where home insurance is exceptionally crucial. In fact, they claim to use over 10,000 data points to generate the quote in real time. opens in new window, Forbes: How solving real problems is a competitive advantage in todays world opens in new window, Crain's Chicago Business: Insurance startup raises $47 million 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. Kin Insurance exceeds 2021 goal for total managed premium, achieves 320% year-over-year growth Thu Jan 20 2022 Kin Insurance completes acquisition of carrier with licenses in 43 states Wed Dec 15 2021 Kin Insurance surges to $11.3 million in total managed premium in November, increasing 327% year-to-date Thu Dec 9 2021 All Rights Reserved. Kin Insurance Plans to Go Public Through $1.03B SPAC Merger, Natures Fynd Raises $350M to Bring Its Meatless Food to Market. opens in new window, Inside P&C: Kin pulls in $82MN in Series D funding A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. Forward-looking statements may be identified by the use of words such as forecast, intend, seek, target, anticipate, believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. That right there is 98%. We were searching for a digitally fueled business that was going to disrupt a change-resistant industry, said Higgins. opens in new window, Alpha Street: Kin insurances strategy is focused on growing in catastrophe-exposed states Today, Kin Insurance, an Insurtech with only $25 million in premiums in 2020 and an expected $98 million in 2021, announced its intention to go public today with a valuation of $1 billion. Readers are cautioned not to put undue reliance on forward-looking statements, and Omnichannel and Kin assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The pandemic compressed years of ecommerce adoption and upended industries overnight. Use data to your advantage to attract valuable and prospective clients, whether you are exclusively an agency channel, exclusively direct, or a mix. opens in new window, Forbes: Fintech startups: Plan for your customers emotional realities 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. There are definitely things that a legacy carrier could learn from Kin. Kin is the only pure-play direct-to-consumer digital insurer focused on the complex and growing $100+ billion homeowners insurance market. opens in new window, Business Observer: Insurtech startup brings fresh perspectives to market Investors may listen to a pre-recorded call regarding the proposed business combination today at 9:00 am ET. 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. The call may be accessed by dialing (877) 407-4018 for domestic callers or (201) 689-8471 for international callers. Future customer needs such as making a policy change or filing a claim are similarly automated and convenient. The Florida license number for Kin Insurance is L098613. opens in new window, Carrier Management: Kin Insurance upgrades reinsurance program to beef up disaster protection capacity 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. Kin Insurance, a home insurance company, is targeting a Q4 public debut after announcing a SPAC deal with "Shark Tank" investor Matt Higgins' SPAC Omnichannel Acquisition Corp. (NYSE: OCA) last . Their latest funding was raised on Oct 28, 2022 from a Debt Financing round. Comments from the investor conference, as well as the following quotes from their SEC filing, suggest that Kin intends to use the SPACs expertise to help them continue to grow digitally. opens in new window, Kin grows total written premium by 230% year-over-year opens in new window, Forbes: The counterintuitive advantage of a beginners mindset opens in new window, Lifeblood: House Insurance with Sean Harper opens in new window, Kin closes first-ever $175M multi-year catastrophe bond The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers. By doing these small things, you could even influence the percentage of claims that may be settled in court. opens in new window, Kin Insurance maintains steady year-over-year growth in third quarter, increasing 151% year-to-date Transaction includes commitment for $80 million PIPE led by HSCM Bermuda and Senator Investment Group, with participation from Gillson Capital, Park West Asset Management and other institutional investors, New strategic investors include Joe Plumeri, former chairman and CEO, Willis Group Holdings; Stephen Ross, Jeff Blau and Bruce Beal of related companies, the most prominent privately-owned real estate firm in the United States; and Gary Vaynerchuk, CEO of VaynerMedia, Previous Series C investors include NBA all-star Draymond Green and four-time major champion golf pro Rory McIlroy; noth back Kin to raise brand profile across the country. Kin is operating within an industry thats worth over $100 billion and continues to grow, especially since the COVID-19 pandemic has expedited digital advancements across a variety of sectors. 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? This communication does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. What they dont realize is that you are continuously innovative and have the confidence and experience to build long-term relationships with your agents, partners and customers. opens in new window, Forbes: May the best ideas win Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. opens in new window, Forbes: Want to build a superteam? The transaction is further supported by a fully committed $80 million PIPE at $10 per share of Class A common stock of Omnichannel led by HSCM Bermuda and Senator Investment Group. Kin launches home and property insurance in South Carolina Invest in emotional intelligence opens in new window, Kin Insurance launches modern home insurance, announces $4M financing Why? Trust your team, University of Chicago: Kin Insurance to go public expand nationally with aim to save homeowners time and money, Benzinga: Gary Vaynerchuk, Matt Higgins SPAC OCA strikes deal for homeowner insurance company Kin: What investors should know, Bloomberg: Kin Insurance to go public via Matt Higgins SPAC deal, CNBC: Home Insurance company Kin to go public via SPAC merger, Chicago Crains Business: Insurance startup Kin raises $69 Million with investment from PGA Pro, Crunchbase: Exclusive: Kin raises $63.9M in Series C funding for data-driven home insurance, TechCrunch: Insurtech startups are leveraging rapid growth to raise big money, Insurance Journal: Kin Insurance to offer homeowners coverage in Louisiana, Forbes: Eight steps managers can take to facilitate an employees move to another department, Money: I fought an insurance company in a slip-and-fall case. opens in new window, Forbes: The smartest thing a leader can do? Got a confidential news tip? opens in new window, Business Insider: Insurtech disrupters: Heres what full-stack insurtechs are doing to beat incumbents opens in new window, TechCrunch: Can data fix healthcare? The proposed stock purchase agreement deal, as well as the public offering, are anticipated to close in the last quarter of this year. USA Today: Which tech investments can weather volatile markets best? opens in new window, Property Casualty 360: Climate change is measurable and manageable With S&P 500 down 10% to start the year, Kin Insurance canceled its planned. 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? 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. opens in new window, Fortune: The downfall of the SPAC: Why one CEO called it quits and more will follow The agreement values Kin Insurance at roughly $1.03 billion. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. opens in new window, Benzinga: Top 10 insurtech influencers Data to acquire leads, data to price leads, and data to work claims. 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