Delos Insurance Solutions secures further $9m funding [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Yahoo! Finance
SAN FRANCISCO Oct. 31, 2024 /PRNewswire/ -- Property insurance MGA, Delos Insurance Solutions, which uses wildfire science and satellite imagery expertise to solve homeowners' wildfire insurance availability issues, has raised $9 million through a Series A funding round. The round was led by HSBC Asset Management and included IA Capital Group, Blue Bear Capital and Generation Space along with several angel investors. Delos provides insurance solutions to homeowners in wildfire-stressed areas and currently writes $40bn in total insurance value. Its proprietary technology pinpoints properties that do not pose a high risk of loss. At the same time, traditional insurance carriers are continuing to abandon or increase rates for homeowners living in areas potentially exposed to wildfire. Wildfires continue to challenge many parts of the country. Delos is committed to applying its technology and expertise to broaden access to insurance in a way that people can afford. The funding will h
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