Seyna

About Seyna

Positioned at the intersection of insurance and technology, Seyna is a French company that provides a comprehensive platform for insurance brokers. The company was founded in 2018 by Guillaume d'Audiffret, Philippe Mangematin, and Jean Nicolini. A significant milestone was achieved in December 2019, when Seyna obtained its property and casualty insurance license from the French regulator (ACPR), a credential not issued to a new independent entity since 1983. This license empowers Seyna to underwrite its own insurance products, a key differentiator from other insurtechs that primarily act as intermediaries.

The founders brought together a diverse set of experiences crucial for navigating the complex insurance landscape. Guillaume d'Audiffret came from a background in investment banking at Blackstone and growth equity, providing a strong foundation in financial strategy. Philippe Mangematin, an actuary by training, possessed deep knowledge of the French P&C market from his time at Swiss Re and Milliman. In February 2021, serial entrepreneur Stephen Leguillon, who previously co-founded and sold the corporate catering service GoCater, took over as CEO to scale the company's operations.

Seyna operates on a B2B model, targeting insurance brokers and retailers of all sizes. Its revenue is generated from both insurance activities and software-as-a-service (SaaS) fees. The company does not sell directly to consumers; instead, it partners with brokers who use the Seyna platform to offer white-labeled insurance products to their own customers. The core of Seyna's offering is a proprietary platform that combines the ability to create bespoke insurance products with a suite of software tools to manage the entire lifecycle of an insurance policy. This includes functionalities for underwriting, claims management, compliance, and payment automation. By building its own core insurance system, Seyna enables brokers to launch tailored insurance programs in a fraction of the time it takes traditional insurers. The platform supports a variety of insurance types, including pet health, travel, event cancellation, and rent guarantees.

The company has successfully raised significant capital to fuel its growth, including a €14 million seed round and a €33 million Series A round in February 2022, bringing its total funding to €47 million. Key investors include White Star Capital, Elaia, Global Founders Capital, and Allianz. This capital is being used to enhance the software features, expand into new insurance lines like health, and support its European expansion.