opens in new window, Kin ranked #349 on Inc. 5000 list of "Fastest-Growing Private Companies" opens in new window, Crain's Chicago Business: Insurer Kin lines up $145 million in credit 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. Get comfortable with rejection opens in new window, Forbes: Want to build a superteam? Get in touch with us for all press and speaker inquiries. We save you countless hours of wasted time and false starts. opens in new window, Kin Insurance launches modern home insurance, announces $4M financing opens in new window, Forbes: Which insurtech distribution model gets it right? opens in new window, The Insurer: Insurtech Kin announces $82MN first close in latest financing round opens in new window, Bankrate: Factors that impact your home insurance rate Car, Buy 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. 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. opens in new window, American Inno: 12 biggest Chicago startup fundings of 2019 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. Skyline Capital and Runway Growth Capital are the most recent investors. opens in new window, Benzinga: Top 10 insurtech influencers opens in new window, Forbes: How to successfully identify problems worth solving Call K. Flynn Insurance Agency at (636) 528-6363 today. 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. Kins SPAC merger will provide the company with an additional $242 million in fresh capital. Kin's technology-first approach enables customers to insure homes online within minutes. January 26, 2022 InsurTech Kin Insurance and blank-check company Omnichannel Acquisition Corp have mutually agreed to terminate their previously announced special purpose acquisition company (SPAC) merger deal agreement, the companies jointly announced on Wednesday. The transaction will require the approval of the stockholders of Omnichannel and Kin, the effectiveness of a registration statement to be filed with the Securities and Exchange Commission (the SEC) in connection with the transaction, and the satisfaction of other customary closing conditions, including the receipt of certain regulatory approvals. To learn more, visit https://www.kin.com. opens in new window, Forbes: May the best ideas win Use data to your advantage to attract valuable and prospective clients, whether you are exclusively an agency channel, exclusively direct, or a mix. Kin Insurance, Inc. and Omnichannel Acquisition Corp. (NYSE: OCA) enter into business combination agreement; transaction implies an approximate $1.03 billion combined company pro forma enterprise value, 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, Significant opportunity to further grow and scale in a vastly underserved market, Direct-to-consumer model, along with scalable technology, that enables lower customer acquisition cost, resulting in a 7.9x LTV/CAC in Kins current markets and superior unit economics, even before factoring in numerous cross-sell opportunities, Simple, personalized digital experience and ongoing engagement ensures optimal customer satisfaction and retention as evidenced by a 92% retention rate and a Net Promoter Score of 85 through the quarter ended March 31, 2021, Proprietary technology automates and optimizes underwriting and a risk selection engine enables more competitive pricing while sustaining lower losses, Best-in-class leadership team with multiple decades of experience in fintech and insurance to ensure a dynamic, multi-faceted approach toward growing Kin. For example, if you know the course of a storm or fire, notify your customers as a preventive measure and track them immediately after the event. opens in new window, Inside P&C: Kin pulls in $82MN in Series D funding The residential property market cannot function without homeowners insurance, because insurance is required by most mortgage lenders. opens in new window, Kin Insurance launches AI-based home insurance recommendation platform Kin Insurance calls off SPAC IPO . 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. opens in new window, Chicago Inno: Facing legacy insurance giants, Chicago upstart Kin gains popularity with homeowners Press question mark to learn the rest of the keyboard shortcuts opens in new window, GoBankingRates: How to buy a house without a realtor 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 grows total written premium by 230% year-over-year, Kin Insurance exceeds 2021 goal for total managed premium, , Cinch Home Services partners with insurance industry , Displaying post opens in new window, Kin secures $145M in debt financing to fuel continued growth opens in new window, Kin Interinsurance Nexus earns Financial Stability Rating of A, Exceptional, from Demotech opens in new window, Forbes: 10 startups leading the way in customer experience To access the replay, the domestic toll-free access number is (844) 512-2921 and participants should provide the conference ID of 13721202.. opens in new window, Kin Insurance sees growth accelerate at the start of fourth quarter, while adjusted loss ratio improves articles a month for anyone to read, even non-subscribers! 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, Kin Insurance raises $13M in financing, welcomes new board member They are doing this by merging with the Omnichannel Acquisition Corp SPAC. opens in new window, The Future of Insurance: Sean Harper, Kin Insurance "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, Cinch Home Services partners with insurance industry disruptor Kin Insurance opens in new window, Insurance Journal: Kin Insurance to offer homeowners coverage in Louisiana Medium opens in new window, Forbes: In the era of customer experience, chatbots dont always pay opens in new window, Fox Business: Many Americans concerned about inflations impact on insurance coverage 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. Dive, Become opens in new window, Forbes: In hyper-growth mode? Sign up for free newsletters and get more CNBC delivered to your inbox. Omnichannel Acquisition Corp. is led by Matt Higgins, who is CEO at incubator and investment firm RSE Ventures. opens in new window, Benzinga: This fintech company could have the staying power weve been waiting for This also enables it to operate in markets that are subject to growing weather volatility as a result of climate change. 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 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. The investor presentation lays out Kin Insurance as being built for the digital era with competitors stuck in the past. CHICAGO, IL July 19, 2021 Kin Insurance, Inc. (Kin), an insurance technology company that makes home insurance easy and affordable, and Omnichannel Acquisition Corp. (NYSE: OCA) (Omnichannel), a publicly-traded special purpose acquisition company led by serial entrepreneur Matt Higgins and a deep bench of consumer operators, announced today that they have entered into a definitive business combination agreement. The supply of SPAC and investor money exceeds the available supply of Insurtechs. opens in new window, Kin Insurance completes acquisition of carrier with licenses in 43 states We believe Kin is well positioned to capitalize on that unmet demand for years to come.. Kins customers have relatively high spending power, are embracing technology and generally recommend businesses they love to their friends and family. Kin Insurances data aims to more accurately predict home risk opens in new window, Washington Post: Why your homeowners insurance probably wasnt renewed Most recently he was Practice Lead for Innovation, Fintech, and Strategic Insights at EY. opens in new window, Investopedia: Best hurricane insurance Get our latest stories curated just for you. The insurtech company announced on Monday its upcoming merger withOmnichannel Acquisition Corp. to be listed as a public company. opens in new window, Business Insider: These are the biggest fintech winners of 2019 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, Kin closes first-ever $175M multi-year catastrophe bond Help your agents identify strong leads, and you will only benefit. opens in new window, Forbes: Reminder: Capitalism is supposed to benefit customers 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. 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