US: Embedded insurance platform Tint has announced record seven times growth for 2024 and its plans to accelerate innovation ahead into 2025.
Founded in 2018, the company enables software-as-a-service [SaaS] platforms and marketplaces to unlock growth and improve profitability through embedded insurance and protection. Tint offers plug-and-play and white-labelled integrations, equipping partner brands with a mix of technology infrastructure, services and deep industry expertise.
With $30 million in funding raised to date, Tint expanded its core markets and launched embedded insurance solutions, including growing into the home-sharing market. In addition, the company doubled its annualised premium and protection fees over the past 12 months, generating tens of millions in premium across product lines.
Matheus Riolfi, co-founder and CEO of Tint, said: “A remarkable 2024 reflects more than just numbers – it represents the dedication of our expanding team and the trust our partners place in us. Seeing our vision of embedded insurance come to life through innovative solutions that truly serve our partners’ needs has been incredibly energising.
“As we look ahead, I’m deeply proud of what our team has accomplished and genuinely excited about the opportunities we see to make insurance more accessible and intuitive for everyone,” added Riolfi.
In 2024, Tint launched products across its core verticals, including:
- Smart STR insurance, a solution for the home-sharing market that provides multi-level coverage for guest-caused property damage, bed bug infestation, and liability. The programme enables property managers to manage insurance directly within their software, eliminating the need to switch systems or manage multiple logins for claims processing.
- Dynamic flex cargo insurance in partnership with EPIC Insurance Brokers & Consultants, changing how motor carriers manage their insurance needs. The solution enables carriers to purchase usage-based, pay-per-load annual insurance directly through their transportation management system [TMS], with the ability to flex coverage limits on demand. The programme eliminates upfront payments and streamlines the entire insurance process.
- Expanded mobility offerings through a collaboration with peer-to-peer car sharing marketplace Turo, launching an off-trip insurance programme, providing specialised commercial coverage for hosts’ vehicles when they are actively listed on the platform but not in use for Turo trips.
Looking ahead, the company will focus on further developing its embedded insurance platform while expanding its product portfolio across mobility, home-sharing, and transportation and logistics markets, in addition to entering net-new markets.
Riolfi continued: “Our vision of transforming insurance from a separate purchase into an intuitive feature of the brands people use daily has never been more relevant. The market’s response to our embedded solutions validates our mission to create better experiences for both our partners and their policyholders.
“By making insurance seamless and accessible through trusted brands, we’re not just innovating for businesses – we’re fundamentally improving how people protect what matters to them,” he added.
