Paris-based Seyna introduced right now a €10 million funding spherical to allow the insurer to keep up its development trajectory with out compromising its solvency ratio, and to additional speed up its investments in know-how and AI.
The spherical was led by 115K, the fund of La Banque Postale, with the help of its long-standing shareholders White Star Capital and Elaia bringing its whole funding to €57 million.
“This acceleration confirms that the market believes in Seyna’s worth proposition. Our know-how investments permit us to launch higher, tailored merchandise for every dealer or MGA, with out compromising on threat administration, even with a various product portfolio. The power of our system, bolstered by this funding spherical, provides us confidence in scaling development in a managed method,” explains Stephen Leguillon, CEO of Seyna.
Since 2019, Seyna says they’ve been rising on one precept: rebuilding all of the operations of a major insurer from scratch, powered 100% by know-how. In 2024, Seyna exceeded €91 million in Gross Written Premiums. Right this moment, it pronounces a surge in demand for its merchandise, anticipating to surpass €125 million in premiums in 2025.
“Seyna is transferring in the proper route. We all know we are able to depend on them for our upcoming launches and market enlargement. Their capacity to show our knowledge into actionable selections is a real differentiator,” provides Benoît Dominique, President at Phenomen.
Seyna’s mannequin, an insurer 100% broker-dedicated, tech-powered, and targeted on a restricted variety of verticals has discovered its market. The corporate will proceed pursuing its Horizon 2027 technique: consolidating its verticals, investing in know-how for resilience and margin enchancment, and guaranteeing sustainable development. Already working internationally in three nations (Germany, Spain and Poland), the insurer can even proceed to help its dealer shoppers as they broaden throughout Europe.
“We’re constructing an actual insurer, similar to our friends, beneath the identical constraints. Nonetheless, by embedding know-how and generative AI, we’re capable of automate operations akin to portfolio monitoring that others nonetheless deal with manually,” says Jean Nicolini, CFO & CRO.
Seyna says its differentiation lies in its capacity to function extra effectively than competing insurers by way of know-how. Seyna’s current advances in AI, akin to processing bordereaux knowledge, bettering pricing benchmarks, dashing up authorized work, and automating portfolio monitoring go to show the influence of those investments. This new funding will speed up them.
“At 115K, we’re satisfied that Seyna brings a novel worth to the insurance coverage sector: their good data of the brokerage mannequin supported by a technology-driven method that’s distinctive in the marketplace, in addition to their capacity to iterate swiftly inside a rigorous regulatory framework make them a uncommon asset within the insurance coverage house.
“For the previous three years we have now witnessed the workforce’s wonderful execution capabilities and regular progress, subsequently we’re thrilled to supply them with the mixed insurance coverage experience of each 115K and La Banque Postale to help their development ambitions,” says Armelle de Tinguy, Common Associate at 115K
In an insurance coverage service mannequin, premium development robotically requires extra solvency capital. As an alternative of turning down capability requests from brokers or slowing down insurance coverage product launches, Seyna has chosen to anticipate demand and reinforce its capacity to scale safely with this new funding spherical.
“This spherical will not be a short-term dash: it consolidates our efforts. It permits us to help development and tech funding with out compromising the corporate’s structural steadiness. Our ambition stays unchanged: to construct an infrastructure that permits us to onboard increasingly more portfolios whereas remaining brokers’ first selection and delivering top-tier profitability,” concludes Leguillon.
