How does Corgi collateralize its business to satisfy insurance regulators?
Replied byEmily Yuan
Co-founder & COO at Corgi
Niche: Finance
Revenue: Approx. $3.3 Million/month
Location: San Francisco, California, United States
Started: 2024
We raise institutional venture capital to fund our carrier entities directly. This capital sits on our balance sheet as collateral, ensuring that our policyholders are fully protected and that our regulatory solvency ratios meet the strict compliance guidelines set by insurance departments.
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