The website encountered an unexpected error. opens in new window, Forbes: The smartest thing a leader can do? opens in new window, Crain's Chicago Business: Kin lines up private investment for its next stage of expansion In other words, it has the financial stability to pay out claims even after widespread disasters. We can offer Louisiana HO3 coverage issued through the Kin Interinsurance Network, rated A, Exceptional, by Demotech. Any financial and capitalization information or projections in this communication are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Omnichannels and Kins control. As such, they benefited from an older average age of customers of 57 in a less competitive market. Kin signed an agreement to acquire an inactive insurance carrier with licenses in over 40 states, bringing the unicorn one step closer to national expansion. Kin offers homeowners, landlord, condo, and mobile home insurance through the Kin Interinsurance Network (KIN), a reciprocal exchange owned by its customers who share in the underwriting profit. Investors may listen to a pre-recorded call regarding the proposed business combination today at 9:00 am ET. And that is very compelling. Invest in emotional intelligence. opens in new window, Crain's Chicago Business: Insurer Kin lines up $145 million in credit opens in new window, Kin Insurance surpasses $70M in gross written premium in second quarter, increasing 204% year-to-date A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. 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. Interestingly, the SPAC is supported by celebrities such as NBA superstar Draymond Green, golf pro Rory Mcllroy, and cosmetics guru Bobbie Brown, who said that Kin, like her, would reinvent a market. opens in new window, Business Observer: Insurtech startup brings fresh perspectives to market 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. 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? While such information and projections are necessarily speculative, Omnichannel and Kin believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. opens in new window, Kin Insurance grows total written premium by 287% year-over-year in second quarter 2021 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. opens in new window, Kin named one of Fast Company's "10 Most Innovative Finance Companies" of 2020 This sets Kin apart since the company prioritizes serving customers in places where home insurance is exceptionally crucial. Kin does not collect premiums for its third party agent business and has used third party carrier commission statements to estimate the total premiums produced. opens in new window, Benzinga: With over 200% YOY gross profit growth, this insurtech company says its not done yet The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers. opens in new window, Cinch Home Services partners with insurance industry disruptor Kin Insurance Call K. Flynn Insurance Agency at (636) 528-6363 today. Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse merger with Omnichannel Acquisition Corp. opens in new window, Forbes: When fintech succeeds: The three Ds opens in new window, Fortune: How your homeowners insurance premium is determinedplus 7 tips to help you save Its software analyzes thousands of data points on each property, enabling it to accurately evaluate risk and price policies. Forward-looking statements speak only as of the date they are made. We believe Kin is well positioned to capitalize on that unmet demand for years to come.. (Podcast). opens in new window, Kin Insurance named among Chicago Inno's 2021 "50 on Fire" opens in new window, Were proud to be recognized as an industry leader and innovator, Kin named to Forbes' "Next Billion-Dollar Startups" list 2022 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. 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. It is led by co-founders Sean Harper,. opens in new window, Kin Insurance closes $35M Series B to fuel industry disruption If done right, the legacy carrier will continue to dominate the landscape. They indicate that they expect a loss ratio of 40% where they explain the reciprocal. Kin's technology-first approach enables customers to insure homes online within minutes. opens in new window, Forbes: How to win with transparency opens in new window, Lifeblood: House Insurance with Sean Harper opens in new window, Washington Post: Eight tips for buying homeowners insurance opens in new window, Alpha Street: Kin insurances strategy is focused on growing in catastrophe-exposed states opens in new window, Information Age: A guide to working in the Tampa tech scene Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Omnichannel, Kin or the combined company after completion of the Business Combination are based on current expectations that are subject to risks and uncertainties. opens in new window, Kin Insurance provides Hurricane Ian update You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of Omnichannels Annual Report on Form 10-K, and other documents filed by Omnichannel from time to time with the SEC and the registration statement on Form S-4 and proxy statement/prospectus discussed above. opens in new window, Axios: Kin Insurance gets new funding after spurning its SPAC It allows them to manage the messaging and customer experience end-to-end, ultimately leading to higher retention rates of 92% and NPS 85. USA Today: Which tech investments can weather volatile markets best? opens in new window, Forbes: The counterintuitive advantage of a beginners mindset opens in new window, Insurance Journal: Kin Insurance to offer homeowners coverage in Louisiana opens in new window, Bankrate: Factors that impact your home insurance rate Kin Insurance calls off SPAC IPO . Kins low cost structure, fast reaction time and data advantage enable Kin to adapt better to the increasingly volatile weather occurring throughout the country as the climate warms. The company currently operates in Florida, California and Louisiana areas that are highly prone to disastrous weather conditions that are worsening with climate change. opens in new window, Fortune: The downfall of the SPAC: Why one CEO called it quits and more will follow To learn more, visit https://www.kin.com. Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers. opens in new window, Kin Insurance brings new flood coverage to Florida homeowners opens in new window, The Future of Insurance: Sean Harper, Kin Insurance Omnichannel, Kin and their respective directors and executive officers may be deemed participants in the solicitation of proxies of Omnichannel stockholders with respect to the proposed Business Combination. 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. We also work closely with your team to identify opportunities and goals, then introduce you personally to the best Insurtechs to pilot. Bloomberg Daybreak Middle East. opens in new window, Insurtech startup Kin Insurance raises $47M to launch carrier in Florida Kin Insurances data aims to more accurately predict home risk opens in new window, Forbes: How to successfully identify problems worth solving 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. Now Skyline Capital and Runway Growth Capital are the most recent investors. Stephen Ross, Jeff Blau and Bruce Beal of Related Companies and golf pro Rory McIlroy are among Kin's other backers. 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, Crunchbase: Exclusive: Kin raises $63.9M in Series C funding for data-driven home insurance Get a quote in Troy, MO. Behind the scenes, Kin utilizes thousands of data points about each property to provide accurate pricing and produce better underwriting results. The Boards of Directors of each of Omnichannel and Kin approved the transaction. Kin is the only pure-play direct-to-consumer digital insurer focused on the complex and growing $100+ billion homeowners insurance market. Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to. 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Kin has lower customer acquisition costs and does not . opens in new window, Benzinga: Top 10 insurtech influencers 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. Previous Series C investors included NBA All-Star Draymond Green and four-time champion golfer Rory McIlroy. opens in new window, Forbes: Eliminating the hidden costs of saving on customer support Kin launches home and property insurance in South Carolina, Kin Interinsurance Nexus earns Financial Stability Rating of A, Exceptional, from Demotech, Kin Insurance maintains steady year-over-year growth in third quarter, increasing 151% year-to-date, Kin announces new additions to leadership team, Kin secures $145M in debt financing to fuel continued growth, Kin Insurance provides Hurricane Ian update, Demotech affirms Kins Financial Stability Rating of A, Exceptional, Kin Insurance surpasses $70M in gross written premium in second quarter, increasing 204% year-to-date, Kin enhances reinsurance program, safeguarding customers who are most vulnerable to climate-related risks, Kin grows total written premium by 230% year-over-year, Kin closes first-ever $175M multi-year catastrophe bond, Kin announces $82M first close in Series D financing, Kin Insurance, Inc. and Omnichannel Acquisition Corp. mutually agree to terminate business combination agreement, Kin Insurance exceeds 2021 goal for total managed premium, achieves 320% year-over-year growth, Kin Insurance completes acquisition of carrier with licenses in 43 states, Kin Insurance surges to $11.3 million in total managed premium in November, increasing 327% year-to-date, Kin Insurance sees growth accelerate at the start of fourth quarter, while adjusted loss ratio improves, Kin Insurance continues rapid growth trajectory in third quarter 2021, Kin Insurance grows total written premium by 287% year-over-year in second quarter 2021, Kin upgrades reinsurance program, emphasizing commitment to homeowners most impacted by climate change, Kin, the only pure-play direct-to-consumer home insurance technology company, to go public, Kin Insurance bolsters leadership team amid rapid growth, Kin Insurance announces Series C funding with investment by professional golfer Rory McIlroy and others, Kin Insurance achieves $100M premium run rate in 1.75 Years, Kin now offering homeowners policies in Louisiana, Kin eclipses $10B in total insured property value, Kin Insurance launches landlord insurance in Florida market, Cinch Home Services partners with insurance industry disruptor Kin Insurance, Kin Insurance expands into California to serve homeowners statewide, Kin Insurance selects Snapsheet to deploy end-to-end claims management platform, Kin Insurance closes $35M Series B to fuel industry disruption, Kin Insurance announces condo insurance in Florida, Kin Insurance partners with Cape Analytics for remote risk assessment, Kin Insurance brings new flood coverage to Florida homeowners, Kin gives Floridians new insurance discounts following passage of assignment of benefits bill, Insurtech startup Kin Insurance continues to expand its capacity to serve Florida residents, Insurtech startup Kin Insurance raises $47M to launch carrier in Florida, Kin Insurance raises $13M in financing, welcomes new board member, Kin Insurance launches AI-based home insurance recommendation platform, Kin Insurance launches modern home insurance, announces $4M financing, Kin named to Forbes' "Next Billion-Dollar Startups" list 2022, Kin ranked #349 on Inc. 5000 list of "Fastest-Growing Private Companies", Forbes named Kin one of "America's Best Startup Employers" in 2022, Kin again recognized as a "Best Place to Work" by Built In, Kin Insurance named among Chicago Inno's 2021 "50 on Fire", Kin Insurance awarded Built In's 2021 "Best Midsize Companies to Work For", Kin Insurance named among Chicago Inno's 2020 "50 on Fire", Kin named one of Fast Company's "10 Most Innovative Finance Companies" of 2020, Kin recognized as one of "America's Best Startup Employers" by Forbes + Statista, Kin named one of Tracxn's "Top Emerging Internet First Insurance Startups", Kin Insurance receives Chicago honors for its talent and workplace culture, FinTech Global named Kin Insurance among "Insurtech 100" in 2019, Fox Business: Many Americans concerned about inflations impact on insurance coverage, Crain's Chicago Business: Insurer Kin lines up $145 million in credit, Fortune: How your homeowners insurance premium is determinedplus 7 tips to help you save, Axios: The hidden factor in Floridas property insurance crisis. opens in new window, Kin Insurance bolsters leadership team amid rapid growth Our National Producer Number (NPN) is 18044957 and our Certificate of Authority (COA) number is 19-813300698. Help your agents identify strong leads, and you will only benefit. The residential property market cannot function without homeowners insurance, because insurance is required by most mortgage lenders. Kin's proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. Kins SPAC merger will provide the company with an additional $242 million in fresh capital. "We are growing fast, generating industry-leading unit economics, and are well-positioned to significantly expand our market share moving forward," the company added. 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, Crain's Chicago Business: Insurance startup raises $47 million opens in new window, Kin announces $82M first close in Series D financing opens in new window, NerdWallet: The best home insurance companies for 2022 opens in new window, Forbes: How to level up as a founder Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. opens in new window, Insurtech startup Kin Insurance continues to expand its capacity to serve Florida residents opens in new window, Kin Insurance announces condo insurance in Florida His advice has been widely appreciated in the financial community, which resulted in multiple quotes and publications in various media. 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 . 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. 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. Payments, Small & We know your business and the landscape of Insurtech. Kins direct-to-consumer approach to insurance is a true differentiator and provides it with a clear-cut advantage versus the competition. Kin Highlights Leading direct-to-consumer home insurance technology company that is expected to more than triple written premiums in 2021 and achieve over $400 million of total written premiums by end of 2023, corresponding to a 5-year CAGR of 139%, and to more than quadruple gross profit in 2021 compared to 2020 opens in new window, Seeking Alpha: Omnichannel CEO Matt Higgins, Kin CEO Sean Harper - focus on macro trends opens in new window, GoBankingRates: How to buy a house without a realtor opens in new window, ValuePenguin: Insurance expert Q&A with Angel Conlin, CIO of Kin Most recently he was Practice Lead for Innovation, Fintech, and Strategic Insights at EY. 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. opens in new window, Alpha Street: Kin Insurance CEO Sean Harper: Will expand into new states, enhance portfolio The Chicago-based company, which is currently expanding into new markets, is also preparing to go public. Picks, CE100 opens in new window, Kin named one of Tracxn's "Top Emerging Internet First Insurance Startups" opens in new window, Kin Insurance announces Series C funding with investment by professional golfer Rory McIlroy and others Payments, Grocery opens in new window, Inc.: Let the person with the most information make the decision 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 . 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