Editor at Coverager
Crabi is a digital auto insurer in Mexico.
Kin Interinsurance Network, which primarily writes in Florida, reported $118.6 million in written premiums.
The startup is hiring claims professionals.
The carrier generated premiums in 14 states, up from 3 in the same quarter last year.
The carrier reported a net underwriting loss of $1.5 million during the quarter.
The insurer reported a combined ratio of 84.9% and net income of $986 million.
The reciprocal reported a net underwriting loss of $6.5 million during the quarter.
The startup disclosed that its financial runway is 3+ years and that it decreased its headcount from 220 to 195.
Hippo's home insurance program had a gross loss ratio of 121%.
The company generated net income of $18 million.
In-force premium was over $1 billion.
Premiums written increased $710 million.
Buckle disclosed 50-99 creditors, $0-$50k in assets, and $10M-$50M in liabilities.
The company reported net income of $522 million.
The collaboration is expected to deliver insurance solutions that offer data-driven and competitive rates.