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Ki
Algorithmically driven insurance provider
- 201-500 employees
- B2B
- Compliance
- Insurance
- SaaS
- City of London, London, UK
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Company mission
To radically simplify the journey for brokers to secure cover for their clients by applying a fully digital algorithmically driven process to a 333 year old industry.
Our take
Ki is an insurance provider looking to revolutionise the commercial insurance sector. It is entirely digital driven by algorithms, setting risk parameters and managing claims and exposure. It offers instant, on-demand access for users and clients, designed specifically with brokers in mind to evaluate policies and quotes using a platform optimised for efficiency and responsiveness. As part of this, Ki promises to follow leader's terms and always offers an instant line.
Ki is a Lloyd's of London syndicate for providing capital and accepting insurance risks, and was built as a collaboration between Google and specialised insurer Brit. It claims to offer the fastest route for brokers to receive a quote for their clients on the Lloyd's market.
Recent funding has allowed for extensive expansion of the company, and plans include further development into the company's algorithm. The company ultimately looks to establish itself as the centre of the specialist insurance sector to operate efficiently and seamlessly alongside the existing market.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 27 days annual leave (increasing by one day a year every five years to a maximum of 30 days)
- Eight Cultural and Diversity days – these are for you to take when there is a significant cultural or religious day that you want to celebrate rather than taking the UK’s standard bank holidays
- Non-contributory pension scheme
- Life Assurance
- Private medical insurance including access to virtual GP service
- Dental insurance
- Income Protection
- Confidential support from our Employee Assistance Programme
- Employee share ownership plan
- Financial wellbeing support
- Volunteering opportunities
- Matched payroll giving scheme
- Discounted Gym membership
- Cycle to work scheme
- Up to 26 weeks’ paid maternity, shared parental and adoption leave
- Recognition and achievement awards
Company values
- You’ll be joining a team on an exciting journey - we are solving problems in our industry that have never been solved before
- Ki sits at the intersection between digital and physical. The technology we are creating has a real and tangible impact
- Ki has the agility, ambition and attitude of a start-up, with the stability, structure and scale of a big business
Funding (1 round)
Sep 2020
$500m
GROWTH EQUITY VC
Total funding: $500m
Leadership
Mark Allan
(CEO, not founder)Previously a Non Executive Director for Simply Business and comparethemarket. Currently a Director at Sussex Capital and Executive Director at Brit Insurance.
James Birch
(Development Director, not founder)Co-founded Pluto and worked as a Director at InsurTech. Currently a Venture Partner at Hambro Perks and Head of Innovation at Brit Insurance.
Alan Tua
(Portfolio Director, not founder)Held a number of positions at Deloitte, ranging from Consultant to Associate Director. Was also Head of Analytics and Data Science at Direct Line Group.
Diversity, Equity & Inclusion at Ki
- Happy, valued and accepted. These three words capture how we like every employee to feel at work
- Our culture is one where you can be yourself. We think that if you bring your authentic self to work, then you will thrive, and we will too. Building a diverse and inclusive culture doesn’t happen overnight though. It’s a journey that our people are part of
- Take our People Forum for example. Employees can contribute to topics like race, identity, sexual orientation, belonging, disability and mental wellbeing. We encourage our people to meet across teams, share personal stories and understand different perspectives. It puts our people at the heart of shaping our inclusive workplace
- Supporting diversity initiatives such as Pride are part of our way of life here and we already have much to be proud of. Our Gender Pay Gap is similar to our peers and we actively look at ways to improve
- Our aspiration is to encourage everyone to be conscious advocates of diversity and inclusion. It is a very real business priority of ours. Together we will make this happen
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