Insurtech startup Samos picks up $3m in seed financing

SiriusPoint, a US insurer and reinsurer, was the lead investor.

  • The Canadian insurtech startup was formed by data, research and insurance professionals
  • The capital infusion will be used to support Samos’ growth

Samos Insurance, a Waterloo, Ontario-based insurance technology startup focused on surgical accidental death, has raised $3 million in seed financing. SiriusPoint, a US insurer and reinsurer, was the lead investor.

Samos Insurance was formed by data, research and insurance professionals. It offers a first-of-its-kind accidental death insurance product that covers planned surgical procedures, such as scheduled caesarean sections, joint replacement, heart surgery and common cancer diagnostic procedures.

“SiriusPoint is very pleased to support Samos’s growth as the company offers tech-based risk management solutions to those undergoing vital surgeries,” said Tom Leonardo, US head of accident & health at SiriusPoint, in a statement. ‘We are excited for the opportunity for both of our companies, and for the consumers this insurance product will serve.”