Paris-based Seyna introduced at this time a €10 million funding spherical to allow the insurer to take care of 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 assist 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 enable 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 proclaims a surge in demand for its merchandise, anticipating to surpass €125 million in premiums in 2025.

“Seyna is shifting in the appropriate path. We all know we will rely on them for our upcoming launches and market growth. Their capability 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 making certain sustainable development. Already working internationally in three nations (Germany, Spain and Poland), the insurer may even proceed to assist its dealer shoppers as they broaden throughout Europe.

“We’re constructing an actual insurer, identical to our friends, beneath the identical constraints. Nonetheless, by embedding know-how and generative AI, we’re capable of automate operations similar to portfolio monitoring that others nonetheless deal with manually,” says Jean Nicolini, CFO & CRO.

Seyna says its differentiation lies in its capability to function extra effectively than competing insurers by know-how. Seyna’s current advances in AI, similar to processing bordereaux knowledge, enhancing pricing benchmarks, dashing up authorized work, and automating portfolio monitoring go to show the impression 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 excellent information of the brokerage mannequin supported by a technology-driven method that’s distinctive available on the market, in addition to their capability to iterate swiftly inside a rigorous regulatory framework make them a uncommon asset within the insurance coverage house.

“For the previous three years we’ve got witnessed the workforce’s glorious 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 assist their development ambitions,” says Armelle de Tinguy, Basic Accomplice at 115K

In an insurance coverage provider mannequin, premium development mechanically 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 capability to scale safely with this new funding spherical.

“This spherical shouldn’t be a short-term dash: it consolidates our efforts. It permits us to assist development and tech funding with out compromising the corporate’s structural stability. Our ambition stays unchanged: to construct an infrastructure that permits us to onboard an increasing number of portfolios whereas remaining brokers’ first selection and delivering top-tier profitability,” concludes Leguillon.