Tint, a rising star in the embedded insurance market, is making significant strides in the home-sharing, mobility, and transportation and logistics sectors. Founded in 2018, the company aims to help SaaS platforms and marketplaces grow and become more profitable by providing embedded insurance and protection solutions. These solutions come with plug-and-play and white-labeled integrations, leveraging a mix of advanced technology infrastructure, specialized services, and deep industry expertise. Tint’s recent expansion highlights its innovative approach to meeting growing market demands and supporting partners in new ways.
Tint’s newest ventures include launching cutting-edge insurance solutions tailored for the short-term rental and hospitality industries within the home-sharing sector. This initiative addresses the unique needs of this market, providing comprehensive coverage that traditional insurance might not offer. Notably, Tint has also developed off-trip insurance specifically for Turo hosts in the mobility sector. This measure ensures that vehicles remain covered even when not actively rented on the car-sharing platform, filling a critical gap in the market and offering greater peace of mind to Turo hosts. In the transportation and logistics sector, Tint has partnered with broker EPIC to launch EPIC Connect™ powered by Tint, further broadening its footprint.
Strategic Ventures and Partnerships
The company’s strategic moves in 2024 underscore the rising demand for seamless, digital embedded insurance solutions. CEO Matheus Riolfi emphasizes that 2024 was a transformative year due to the innovative journey model implemented by Tint. This model significantly reduces friction and achieves higher conversion rates for their partners. Additionally, Tint has secured an impressive $30 million in funding from high-profile investors such as Y Combinator, QED, and Deciens. These investments highlight the confidence stakeholders have in Tint’s vision and execution capabilities. Furthermore, partnerships with industry leaders like Guesty and BabyQuip have played a crucial role in Tint’s growth trajectory.
The collaboration with EPIC, a renowned broker in the insurance world, signifies Tint’s commitment to enhancing its offerings in the transportation and logistics sector. EPIC Connect™ powered by Tint is designed to optimize insurance program rollouts and increase revenue for partners. This partnership is a testament to Tint’s strategy of creating valuable, scalable solutions that meet the distinct needs of different sectors. Through such collaborations, Tint aims to drive the mass adoption of embedded insurance, making it an integral part of digital platforms.
Key Personnel and Market Expertise
To support this ambitious expansion, Tint has made several strategic hires to bolster its core markets. The addition of Christopher Aragon as head of mobility and Jared Palmer as head of transportation and logistics marks a significant step in deepening the company’s market expertise. These seasoned professionals bring invaluable experience that strengthens Tint’s capabilities in delivering top-notch insurance solutions tailored to each sector. Their leadership is expected to drive the company’s initiatives forward, ensuring that the solutions offered are both innovative and highly effective.
Additionally, the company has reinforced its technical and product development teams by bringing in Kelli Broin as the new head of product and Eric Schmiedel as head of engineering. Broin and Schmiedel will focus on creating superior insurance infrastructures and enhancing customer experiences. Their roles are pivotal in maintaining the high standards of quality and innovation that Tint is known for. These strategic hires are not only about expanding the team but also about bringing in fresh perspectives and expertise that will enable Tint to stay ahead in the competitive insurance landscape.
Future Outlook and Innovation
Tint, an emerging leader in embedded insurance, is excelling in the home-sharing, mobility, and transportation and logistics arenas. Launched in 2018, Tint’s mission is to assist SaaS platforms and marketplaces in expanding and boosting profitability by offering integrated insurance and protection solutions. These solutions are seamlessly embedded and white-labeled, employing a blend of cutting-edge technology, specialized services, and extensive industry know-how. Tint’s recent growth underscores its innovative strategies to fulfill rising market needs and support its partners in fresh, dynamic ways.
Tint’s latest endeavors include pioneering insurance products tailored for the short-term rental and hospitality markets within the home-sharing sector. These new solutions address the specific needs of this niche, providing comprehensive coverage that traditional insurers might overlook. Additionally, Tint has introduced off-trip insurance for Turo hosts in the mobility industry, ensuring their vehicles are protected even when not in use on the car-sharing platform. In the transportation and logistics sector, Tint has teamed up with broker EPIC to launch EPIC Connect™ powered by Tint, further expanding its influence and reach.
