REIN Technologies Inc.

REIN Technologies Inc. specializes in embedded insurance solutions, seamlessly integrating insurance offerings into digital platforms to enhance user experience and streamline the purchasing process. Founded in 2015, REIN Technologies Inc. is based in Chapel Hill, US, and focuses on providing embedded insurance solutions.

The company's founders include David Meighan, Jason Griswold, Ryan Johnson, Steve Rabbitt, and Thayer Swartwood, with Jason Griswold and Steve Rabbitt currently serving as CEO. REIN has successfully secured USD 7. 30 mn in funding across various rounds, with the latest round occurring in December 2019, attracting investors such as Kiplin Capital, Liberty Mutual Strategic Ventures, and Plug and Play Ventures. The company has completed a total of 3 deals as of the most recent funding date.

REIN specializes in embedded insurance solutions that enhance the customer experience by integrating insurance offerings seamlessly into various digital platforms and channels. The core product is a customizable embedded insurance widget designed to facilitate digital quote-to-bind capabilities, which requires minimal technical integration of only two lines of code. This technology allows clients to provide users with a streamlined purchasing process throughout their journey, effectively transforming the way insurance is marketed and sold. REIN caters to a diverse client base that includes prominent brands and media partners, offering solutions that are applicable across multiple industries, primarily in North America and Europe.

The company’s approach addresses the evolving needs of consumers, increasing accessibility to insurance services during critical decision-making moments. REIN generates revenue through partnerships with brands and media companies that integrate its embedded insurance technology into their platforms. These partnerships typically involve a revenue-sharing model or performance-based agreements, where REIN receives a fee for each successful insurance policy sold via their widgets. Transactions occur directly between the client and the insurance providers, with REIN acting as the technology facilitator.

While specific transactional pricing details are not disclosed, the company's offerings likely include tiered pricing structures based on the volume of policies processed or user engagement metrics. The focus on B2B partnerships allows REIN to scale its operations while effectively supporting its clients in delivering enhanced insurance experiences. In December 2019, REIN Technologies Inc. raised USD 7.

30 mn from new investor Volvox Group Limited. The company plans to utilize this funding to further develop new products in embedded insurance technology. Additionally, REIN aims to expand into new markets in Europe and North America by 2022, enhancing its presence and capabilities to meet the growing demand for integrated insurance solutions. This strategic growth plan underscores their commitment to addressing the evolving insurance landscape.