3. Seel

Call with Erjon Skora,

London.

No offices.

Seel is an insurance company: shipping.

• 2m GWP secured. 7mGWP. ( excluding RFPs), 15m€ - 40m€ from existing relationships.

Decision: Wait for a large opportunity

Operating since 2020, including Tiktok shop ( communitie led marketplace),

150 employees globally.

Ali express.

Today operating as a SaS

MGA operating from Portugal

Anker,

140m GWP written from their platforms, 1000 merchants ( servicing those merchants with new products)

Competitive advantage of Seel:

• target Lower end market.
• Model: 24h integration ( Insurtech based in San francisco)
• Service custmers

Erjon is charged with the MGA setup

( Ex Covergenius, Insify)

Legal team is a centralized function in the USA.

Licences were just granted.

Not lincenced yet in the UK.

MGA entity.

• reason for portugal is the tech low cost talend in PT.
• Broker and Agent licences ( not specific Tied Agent).
• 3 RFPs coming up.
• Looking for 1 strategic Partners.
• Seel is working with Arch
• Seeking facilitie with preagreed boundaries and UW guidelines.
• Standard Product for all categories.
• 10-15 involved in the MGA.
• Seel seeks to have agreeements with the manufacturesrs/ vendors for repairs.
• Launch Date is in October.
• 1st quarter 2027 launch of a new parnters.