Kin improves Q3 loss ratio to 89.8% while 41% of Ida loss ceded

Sharing information on preliminary results, Kin Insurance has revealed its adjusted loss ratio on the Kin Interinsurance Network was 89.8 percent in the third quarter with Hurricane Ida contributing 25.4 points, as the homeowners insurtech revealed 41 percent of its losses from the storm was ceded to reinsurers.