Behind the scenes, Kin utilizes thousands of data points about each property to provide accurate pricing and produce better underwriting results. Got a confidential news tip? Press Release: Investors Presentation: Coming Soon Article: Kin Insurance Inc., an insurance-technology startup that counts Press J to jump to the feed. Kin is the only pure-play direct-to-consumer digital insurer focused on the complex and growing $100+ billion homeowners insurance market. 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. PYMNTS Data: Why Consumers Are Trying Digital Wallets. Data to acquire leads, data to price leads, and data to work claims. 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What they emphasized during the investor talk and what I saw throughout the investor deck is a focus on data. opens in new window, Built In: The lessons 5 founders learned going from startup to growth company Previous Series C investors included NBA All-Star Draymond Green and four-time champion golfer Rory McIlroy. It is a great time to be a Carrier or MGA Insurtech that decides to go public. Kin launches home and property insurance in South Carolina As Kin looks to soon expand its reach into new markets, the company announced NBA superstar Draymond Green joined four-time major champion golf pro Rory McIlroy in the recent Series C round as an investor, both of whom will assist in raising Kins profile across the country in current markets and in new geographies. Citigroup Global Markets Inc. is acting as capital markets advisor to Omnichannel, and Winston & Strawn LLP is acting as its legal counsel. Picks, CE100 Topics, Editors opens in new window, Forbes: In the era of customer experience, chatbots dont always pay Its software analyzes thousands of data points on each property, enabling it to accurately evaluate risk and price policies. opens in new window, Chicago Inno: Facing legacy insurance giants, Chicago upstart Kin gains popularity with homeowners opens in new window, University of Chicago: Kin Insurance to go public expand nationally with aim to save homeowners time and money This communication relates to a proposed business combination (the Business Combination) between Omnichannel Acquisition Corp. (Omnichannel) and Kin Insurance, Inc. (Kin). Kaenan is a professional in the areas of block chain, telematics, wearables, analytics, artificial intelligence (AI) and Insurtech. By leveraging proprietary technology, Kin delivers fully digital homeowners insurance with an elegant user experience, accurate pricing and fast, high-quality claims service. That notwithstanding, they use data specifically to enhance their acquisition and book performance. Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse merger with Omnichannel Acquisition Corp., the company announced Monday. opens in new window, Business Insider: Insurtech disruptors report 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. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. We know your business and the landscape of Insurtech. 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. This also enables it to operate in markets that are subject to growing weather volatility as a result of climate change. 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. 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. Please reach out if you want to discuss Kin or some of the advances you could use to guarantee your continued growth and success. Our customers receive a simple, direct and exceptional experience that provides them with real savings and leaves them delighted and loyal to Kin. Forbes: Which insurtech distribution model gets it right? opens in new window, USA Today: Which tech investments can weather volatile markets best? opens in new window, Kin Insurance, Inc. and Omnichannel Acquisition Corp. mutually agree to terminate business combination agreement 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. 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Payments, Grocery Get our latest stories curated just for you. opens in new window, Insurance Journal: Cat-focused Kin Insurance acquires shell for expansion This deal follows in the footsteps ofseveral other private companiesthat have opted togo public through a SPAC merger. 2016-2023 Kin Insurance Technology Hub, LLC. The insurtech company announced on Monday its upcoming merger with Omnichannel Acquisition Corp. to be listed as a public company. The Insurance world is seen by these investors as sleepy and ripe for disruption. 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. 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. Direct-to-consumer home insurance technology company Kin Insurance is going public through a reverse merger with Omnichannel Acquisition Corp., the company announced Monday. The company crunches thousands of data points that it says allows for more accurate pricing and better underwriting results. opens in new window, Benzinga: Top 10 insurtech influencers . opens in new window, Kin Insurance expands into California to serve homeowners statewide Insurtech Advisors helps regional carriers and agencies to work with the best Insurtechs that will enable you to thrive and continue to meet the needs of your members, employees and independent agents. Kin's proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction will be included in the proxy statement / prospectus that Omnichannel intends to file with the SEC. Become a smarter investor withCNBC Pro. 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 opens in new window, Kin Insurance announces Series C funding with investment by professional golfer Rory McIlroy and others opens in new window, Kin Insurance launches AI-based home insurance recommendation platform opens in new window, Property Casualty 360: Climate change is measurable and manageable opens in new window, Kin now offering homeowners policies in Louisiana Before making any voting or investment decision, investors and security holders are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed Business Combination as they become available because they will contain important information about the proposed transaction. Kins customers have relatively high spending power, are embracing technology and generally recommend businesses they love to their friends and family. opens in new window, Kin Insurance bolsters leadership team amid rapid growth 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, Authority: 5 things you need to succeed in the modern world of finance & fintech opens in new window, Forbes: How to win with transparency opens in new window, Kin Insurance named among Chicago Inno's 2020 "50 on Fire" 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. Find startup jobs, tech news and events. 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