Funding Round attributes
Delos Insurance Solutions, a property insurance provider specializing in wildfire-stressed areas, recently announced the successful close of a $9 million Series A funding round. Led by HSBC Asset Management, this funding brings Delos closer to its mission of supporting homeowners and communities in high-risk zones that are typically underserved by traditional insurance options. Delos’s proprietary technology plays a key role in its approach, allowing the company to assess and manage wildfire risks in areas that would otherwise be uninsurable.
Founded to address the growing insurance gap for properties in wildfire-prone regions, Delos combines data-driven insights with advanced machine learning models. These models allow Delos to differentiate between varying levels of risk across regions and provide affordable and accessible insurance solutions. Currently, Delos manages a substantial $40 billion in total insured value, a testament to its reach and the scale of its operations. By leveraging unique geospatial data and analytics, Delos can more accurately pinpoint risk, providing the industry with much-needed advancements in wildfire risk assessment and property insurance options.
The Series A funding comes as part of Delos’s efforts to scale its technology and expand its offerings in response to rising demand. Wildfires in recent years have increased in frequency and severity, placing pressure on the insurance sector to find sustainable solutions for vulnerable communities. Delos aims to fill this gap by providing more accurate risk pricing and addressing the needs of homeowners at risk of losing insurance coverage. According to Delos, the funds will be allocated toward advancing its data science capabilities, expanding its geographical reach, and strengthening its partnerships within the insurance industry.
In a statement on the funding, Delos highlighted its dedication to innovation and its role in addressing complex challenges in property insurance. HSBC Asset Management’s support marks a notable endorsement, underscoring Delos’s credibility and potential for impact in high-risk areas. This investment partnership, coupled with Delos’s technological expertise, positions the company for continued growth as it seeks to become a leader in providing insurance solutions where they are most needed.
