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Ki Insurance

Fintech · London, United Kingdom · Founded 2020

Ki Insurance is revolutionizing the insurance industry with an algorithmic underwriting platform that provides multiple capacity quotes in one place. Serving clients in the London insurance market, Ki leverages machine learning to enhance underwriting efficiency and accuracy. The company operates on a digital model, offering quotes from a range of capacity partners including Aspen Digital Syndicate 4711, Beazley Syndicates 623 and 2623, Ki Syndicate 1618, and Travelers Syndicate 5000. Ki's business model focuses on providing follow capacity, which means they offer additional insurance coverage based on the lead quote and risk information provided by their partners. This approach allows Ki to offer more capacity and better manage risk, making it a valuable partner for insurance brokers and underwriters. The company generates revenue through Gross Written Premiums (GWP), which totaled £834 million in 2022, more than doubling from the previous year. Ki's innovative approach is backed by significant investor capital from Blackstone and Fairfax, securing its place as the largest insurtech startup in London. The company fosters an entrepreneurial culture and is committed to continuous innovation in the insurance sector. Keywords: algorithmic underwriting, multiple capacity quotes, insurance market, machine learning, follow capacity, digital model, Gross Written Premium, investor capital, London insurtech, capacity partners.