NEW YORK, NY, May 18, 2022 – Delos Insurance Solutions, an InsurTech MGA that writes property insurance for wildfire-exposed homes in California, received the Program InsurTech of the Year Award from The Insurer at its inaugural 2022 Program Manager Awards event held in New York City.
The Program Manager Awards recognize the excellence, success, and achievement of companies in one of the most dynamic areas of the non-life (re)insurance industry, showcasing the best in the sector. Judges selected Delos for its platform business plan that brings an industry-leading wildfire solution to both individual customers and the insurance capital community.
Through its platform, which is enabled by a novel geospatial AI algorithm and over one hundred data layer inputs, Delos can offer consumers in wildfire areas a range of programs and products while delivering profitable and diversified portfolios to insurers, reinsurers, the Lloyd’s market, and the collateralized capital community.
“We are honored to receive this award and to be recognized by The Insurer and its industry-leading panel of judges for our work to revolutionize how catastrophe exposure is insured,” said Delos CEO and co-Founder Kevin Stein. “Climate is changing the very paradigm of peril itself - making catastrophes more destructive and evolving them at a significantly faster pace. And the traditional model structure of analyzing weather-related risk is unable to keep pace and is no longer a viable solution. Delos is proud to bring a much-needed new approach to the market.”
Because of Delos’s approach and model accuracy, they have not insured a home yet that has burned - vastly outperforming the rest of the insurance industry. For multiple California home insurance portfolios, Delos' underwriting and portfolio exposure control approach have been able to reduce the portfolio's loss ratios multiple orders of magnitude. Because their model only serves them, Delos can continuously update the data set with new information, allowing the team to adapt and react to new evolutions in the wildfire peril to be persistently profitable as climate continues to affect this catastrophe.
About Delos
Delos is an insurtech Managing General Agent that writes property insurance for wildfire-exposed homes. Delos leverages new data and machine learning to create more accurate wildfire underwriting risk models, enabling Delos to offer competitive pricing in high-risk regions. Delos also leverages their analytics into a real time risk mitigation service to re-envision the consumer experience and protect consumers’ homes. For more information visit https://www.getdelos.com or follow @getdelos.
about delos
Delos is an insurtech Managing General Agent that writes property insurance for wildfire-exposed homes. Delos leverages new data and machine learning to create more accurate wildfire underwriting risk models, enabling Delos to offer competitive pricing in high-risk regions.
Delos also leverages their analytics into a real time risk mitigation service to re-envision the consumer experience and protect consumers’ homes.
For more information visit http://www.getdelos.com or follow @getdelos.
