MONITOR COMBINED RATIOS

“Kinsale is a specialty insurer that has quietly become one of the most exceptional businesses in the financial sector by dominating the excess and surplus insurance market and ensuring risks that most insurers just won't touch. Since the IPO in 2016, Kinsale stock has compounded at well north of 30% per year.”

“Kinsale Capital operates in the non-admitted market, which aren't as regulated as the admitted market. So since Kinsale is not as regulated as a traditional insurer, they have more flexibility in their business, so their rates and policy forms don't require prior state approval, and they can customize coverage for unique risks, and they can price policies more freely based on that risk.”

“The excess and surplus market is unique in that it's a market that standard insurance companies won't insure. So it exists to provide coverage for these unusual new or high risk situations. One of the examples I came across in my research was that a dentist wanted to get professional liability insurance, but the dentist had a past history of being accused of sexual misconduct from his patients.”

“Now, even though the risks that they are taking on are perceived to be higher risk, the important thing is that they're pricing that risk appropriately. And although these types of policies might seem like they're higher risk, they can also bring in higher margins because they tend to attract less competition.”

“I cannot count the number of times we would get asked, you know, why are you increasing your premiums by six percent, why not two percent, or why not zero percent, or they would just flat out reject the increase and say that premiums need to stay where they're at. The state to me sort of acts as this watchdog for the industry to ensure that consumers are being charged fair premiums.”

“Kinsale is a specialty insurer that has quietly become one of the most exceptional businesses in the financial sector by dominating the excess and surplus insurance market and ensuring risks that most insurers just won't touch. Since the IPO in 2016, Kinsale stock has compounded at well north of 30% per year.”

“Kinsale Capital operates in the non-admitted market, which aren't as regulated as the admitted market. So since Kinsale is not as regulated as a traditional insurer, they have more flexibility in their business, so their rates and policy forms don't require prior state approval, and they can customize coverage for unique risks, and they can price policies more freely based on that risk.”

“The excess and surplus market is unique in that it's a market that standard insurance companies won't insure. So it exists to provide coverage for these unusual new or high risk situations. One of the examples I came across in my research was that a dentist wanted to get professional liability insurance, but the dentist had a past history of being accused of sexual misconduct from his patients.”

“Now, even though the risks that they are taking on are perceived to be higher risk, the important thing is that they're pricing that risk appropriately. And although these types of policies might seem like they're higher risk, they can also bring in higher margins because they tend to attract less competition.”

“I cannot count the number of times we would get asked, you know, why are you increasing your premiums by six percent, why not two percent, or why not zero percent, or they would just flat out reject the increase and say that premiums need to stay where they're at. The state to me sort of acts as this watchdog for the industry to ensure that consumers are being charged fair premiums.”