Seyna is building an insurance-as-a-service startup for the French market
French startup Seyna is getting a new CEO. Stephen Leguillon is joining the company as chief executive while Philippe Mangematin is stepping back from day-to-day activities for personal reasons — he’ll become honorary chairman.
If you’re not familiar with the company, Seyna is an insurtech startup that has obtained an insurance license focused on property and casualty. This is a significant move as the French regulator (ACPR) hasn’t handed out a new license in this category since 1983.
The company’s go-to-market strategy is also interesting as it doesn’t sell insurance products to consumers directly. Instead, the company is building out insurance-as-a-service products. It partners with other companies that offer Seyna’s insurance products under their own brands.
Behind the scenes, Seyna offers an API to generate insurance contracts on demand — an API is a programming interface that lets two services interact with each other. You can also connect directly to Seyna’s interface to manage contracts.
Seyna has created its own core insurance system, which is an important differentiating factor compared to legacy players. The startup can generate many different variants that cover around 20 different insurance products — pet insurance, ticket cancelation, rent guarantee, etc. Clients include Garantme and Decathlon.
The company’s new CEO Stephen Leguillon previous co-founded La Belle Assiette, a company that lets you hire a chef for a dinner at home and that I covered on TechCrunch. He added a second product called GoCater, a corporate catering service — GoCater was letter spun out from La Belle Assiette and acquired by ezCater.
Seyna has raised a €14 million seed round ($17 million at today’s rate) from Global Founders Capital, Allianz France, Financière Saint James and several business angels. Insurance companies require a ton of capital to operate, that’s why the seed round seems quite big for the French market.
French startup Seyna is getting a new CEO. Stephen Leguillon is joining the company as chief executive while Philippe Mangematin is stepping back from day-to-day activities for personal reasons — he’ll become honorary chairman. If you’re not familiar with the company, Seyna is an insurtech startup that has obtained an…
Recent Posts
- Nvidia might shortchange RTX 5090 and 5060 for laptops when it comes to VRAM – but RTX 5080 GPU could be very different
- Create something beautiful with HUAWEI’s incredible devices and the amazing GoPaint App
- TikTok is suing the US government
- Hands-on with the iPad Air M2: A big-screen iPad that doesn’t break the bank
- Google Pixel 8A: News, Specs, Features, Price, Release Date
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011