Kin Q3 GWP increase slows to 72% as forced to “throttle” growth

Kin increased gross written premium by 72 percent in the third quarter to $47.6mn, with the homeowners insurtech’s CEO noting it had to “throttle our growth a bit”, while the adjusted loss ratio for its carrier net of XoL recoveries improved by 59.1 points in the third quarter to 39.7 percent.