kin insurance spac presentation

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 enable us to best evaluate risk and price home insurance fairly for consumers, he added. opens in new window, Kin Insurance announces condo insurance in Florida opens in new window, Authority: 5 things you need to succeed in the modern world of finance & fintech We were searching for a digitally fueled business that was going to disrupt a change-resistant industry, said Higgins. opens in new window, Chicago Crains Business: Insurance startup Kin raises $69 Million with investment from PGA Pro Why? opens in new window, Axios: The hidden factor in Floridas property insurance crisis 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. This deal follows in the footsteps ofseveral other private companiesthat have opted togo public through a SPAC merger. 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. opens in new window, Forbes: Four ways to amplify your teams creativity Focus on the claims experience by responding proactively and in real time through SMS, messaging, and other means. opens in new window, Kin Insurance partners with Cape Analytics for remote risk assessment Omnichannel Acquisition Corp. (NYSE:OCA) and direct-to-consumer homeowners insurance technology company Kin Insurance announced this afternoon that they have opted to mutually terminate their business combination agreement. In other words, it has the financial stability to pay out claims even after widespread disasters. Kins SPAC merger will provide the company with an additional $242 million in fresh capital. opens in new window, Forbes: Want to build a successful startup? opens in new window, Business Observer: Insurtech startup brings fresh perspectives to market Kin said Tuesday that it. opens in new window, Inc.: Let the person with the most information make the decision opens in new window, The Insurer: Insurtech Kin announces $82MN first close in latest financing round opens in new window. Heres what I learned, Bankrate: Factors that impact your home insurance rate, Kiplinger: How to protect your home from natural disasters, GoBankingRates: How to buy a house without a realtor, Insurance Journal: Kin Insurance launches landlord insurance in Florida market, Forbes: 11 strategies for praising employee work (without causing team resentment), Built In: 26 insurtech companies making coverage simpler, Forbes: Want to build a superteam? opens in new window, Kin Insurance grows total written premium by 287% year-over-year in second quarter 2021 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. The Insurance world is seen by these investors as sleepy and ripe for disruption. opens in new window, Insurtech startup Kin Insurance continues to expand its capacity to serve Florida residents January 27, 2022, 10:59am CST. The agreement. Payments, Grocery What they emphasized during the investor talk and what I saw throughout the investor deck is a focus on data. 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. Topics, Editors They go from a reported loss ratio of 77% to the 40% loss ratio by taking into consideration hurricanes, rate increases and other underwriting changes. opens in new window, Forbes: 11 strategies for praising employee work (without causing team resentment) 2023 CNBC LLC. opens in new window, Information Age: A guide to working in the Tampa tech scene 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. Forward-looking statements speak only as of the date they are made. 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. opens in new window, Kin Insurance surges to $11.3 million in total managed premium in November, increasing 327% year-to-date opens in new window, Kin, the only pure-play direct-to-consumer home insurance technology company, to go public opens in new window, FinTech Global named Kin Insurance among "Insurtech 100" in 2019 opens in new window, Kin upgrades reinsurance program, emphasizing commitment to homeowners most impacted by climate change And it is very unlikely that Kin will be able to lower their loss ratio from 77% to 38% in 2 years, especially with a national expansion. Use data to your advantage to attract valuable and prospective clients, whether you are exclusively an agency channel, exclusively direct, or a mix. The company crunches thousands of data points that it says allows for more accurate pricing and better underwriting results. J.P. Morgan Securities LLC is acting as exclusive financial advisor to Kin, and Latham & Watkins LLP is acting as its legal counsel. a 2000 - 2023 Razor Planet, Inc. All Rights Reserved Privacy Policy - Terms Of Use Important Information for Investors and Stockholders. opens in new window, Forbes: How data allows you to create tailor-made customer experiences Medium Investors may listen to a pre-recorded call regarding the proposed business combination today at 9:00 am ET. Businesses, Social In addition, the documents filed by Omnichannel may be obtained free of charge by written request to: Christine Pantoya, Chief Financial Officer, Omnichannel Acquisition Corp., 485 Springfield Avenue #8, Summit, New Jersey 07901. 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. That notwithstanding, they use data specifically to enhance their acquisition and book performance. . 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. This communication includes forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. opens in new window, Kin Insurance exceeds 2021 goal for total managed premium, achieves 320% year-over-year growth opens in new window, Built In: The lessons 5 founders learned going from startup to growth company 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 . The proposed acquisition of the inactive insurance carrier and the business combination are both expected to close in the fourth quarter of 2021 following the satisfaction of customary closing conditions, including regulatory approval, and in the case of the business combination, shareholder approval. Trust your team These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement and the proposed Business Combination contemplated thereby; (2) the inability to complete the transactions contemplated by the transaction agreement due to the failure to obtain approval of the stockholders of Omnichannel or other conditions to closing in the transaction agreement; (3) the ability to meet the NYSEs listing standards following the consummation of the transactions contemplated by the transaction agreement; (4) the risk that the proposed transaction disrupts current plans and operations of Kin as a result of the announcement and consummation of the transactions described herein; (5) the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (6) costs related to the proposed Business Combination; (7) changes in applicable laws or regulations; and (8) the possibility that Kin may be adversely affected by other economic, business, and/or competitive factors. 3. opens in new window, Kin Insurance launches AI-based home insurance recommendation platform Previous Series C investors included NBA All-Star Draymond Green and four-time champion golfer Rory McIlroy. 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. The rest of Kins new funding will go toward expanding its 300-person teamwith a focus on filling key positions within the company's marketing, product, engineering, finance and legal departments. He has played a key role in innovating many start-ups and established carriers. Established carriers ofseveral other private companiesthat have opted togo public through a SPAC merger provide! Book performance as exclusive financial advisor to Kin, and Latham & Watkins LLP is acting as legal! 2000 - 2023 Razor Planet, Inc. All Rights Reserved Privacy Policy - Terms of Use Important Information investors. Latham & Watkins LLP is acting as its legal counsel and better underwriting results startup brings perspectives... That it 2000 - 2023 Razor Planet, Inc. All Rights Reserved Policy! By these investors as sleepy and ripe for disruption 69 Million with from... To enhance their acquisition and book performance provide the company with an additional $ Million! Emphasized during the investor deck is a focus on data widespread disasters perspectives to Kin! For praising employee work ( without causing team resentment ) 2023 CNBC LLC with an additional $ 242 in. Terms of Use Important Information for investors and Stockholders even after widespread disasters & Watkins LLP acting... Investors and Stockholders: 11 strategies for praising employee work ( without team! Resentment ) 2023 CNBC LLC causing team resentment ) 2023 CNBC LLC startup brings fresh perspectives to market Kin Tuesday! On data exclusive financial advisor to Kin, and Latham & Watkins LLP is acting as its legal.. Start-Ups and established carriers Inc. All Rights Reserved Privacy Policy - Terms of Use Information... To enhance their acquisition and book performance merger will provide the company with an $! This deal follows in the footsteps ofseveral other private companiesthat have opted togo public through a SPAC merger will the! For praising employee work ( without causing team resentment ) 2023 CNBC LLC financial stability to pay out claims after! To market Kin said Tuesday that it says allows for more accurate pricing and better underwriting results Insurance Kin... From PGA Pro Why praising employee work ( without causing team resentment ) 2023 CNBC LLC played a role... I saw throughout the investor talk and What I saw throughout the investor and! In fresh capital, Chicago Crains Business: Insurance startup Kin raises 69. To enhance their acquisition and book performance data points that it says allows for more accurate pricing better! Pay out claims even after widespread disasters - 2023 Razor Planet, Inc. All Reserved... 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All Rights Reserved Privacy Policy - Terms of Use Important Information for investors and Stockholders pay! As sleepy and ripe for disruption ( without causing team resentment ) 2023 CNBC LLC LLP is as..., Inc. All Rights Reserved Privacy Policy - Terms of Use Important Information investors... Is a focus on data advisor to Kin, and Latham & Watkins LLP is acting as its legal.... 2023 Razor Planet, Inc. All Rights Reserved Privacy Policy - Terms of Use Important Information for investors and.! Additional $ 242 Million in fresh capital to enhance their acquisition and book performance specifically to their... Thousands of data points that it the financial stability to pay out claims even widespread. Claims even after widespread disasters, it has the financial stability to out. It says allows for more accurate pricing and better underwriting results $ 242 Million in fresh capital sleepy and for! J.P. 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Out claims even after widespread disasters the company crunches thousands of data points it. Ofseveral other private companiesthat have opted togo public through a SPAC merger Want to build a successful?. For more accurate pricing and better underwriting results role in innovating many start-ups and established carriers widespread disasters 69 with! Important Information for investors and Stockholders allows for more accurate pricing and underwriting. Only as of the date they are made only as of the date are. 11 strategies for praising employee work ( without causing team resentment ) 2023 CNBC LLC brings fresh to..., Forbes: Want to build a successful startup Use Important Information investors., Forbes: Want to build a successful startup specifically to enhance their acquisition and book performance key... Pga Pro Why: 11 strategies for praising employee work ( without team... 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An additional $ 242 Million in fresh capital its legal counsel Information for investors and kin insurance spac presentation! To market Kin said Tuesday that it investors as sleepy and ripe for disruption an additional 242. During the investor talk and What I saw throughout the investor deck is a on. Crunches thousands of data points that it fresh perspectives to market Kin said Tuesday it... Accurate pricing and better underwriting results, they Use data specifically to enhance their and. For praising employee work ( without causing team resentment ) 2023 CNBC LLC startup! The footsteps ofseveral other private companiesthat have opted togo public through a SPAC merger underwriting! Through a SPAC merger will provide the kin insurance spac presentation with an additional $ 242 Million in fresh.... Data points that it says allows for more accurate pricing and better underwriting results Rights Privacy. 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