Delos Insurance Solutions, a San Francisco, CA-based insurtech firm, raised additional $9M in funding.
The spherical was led by HSBC Asset Administration and included IA Capital Group, Blue Bear Capital and Era Area together with angel traders.
The corporate intends to make use of the funds to broaden operations, its enterprise attain to different states and its growth efforts.
Led by CEO Kevin Stein, Delos makes use of expertise to supply insurance coverage safety to householders in communities deserted by different insurers due to wildfire threat. Based in 2017, the corporate makes use of satellite tv for pc imagery and synthetic intelligence to determine insurable houses inside territories deemed too dangerous by the remainder of the insurance coverage market. Delos is a Managing Basic Agent (MGA) providing insurance policies on behalf of insurance coverage carriers rated ‘A’ by AM Finest. It presently writes $40bn in complete insurance coverage worth.
FinSMEs
01/11/2024
