Great work FT getting this live ASAP.
Amazing! Fantastic work from all at team freetrade
Got in today (small portion of my portfolio <1%). Typically don’t really like to get involved in IPOs but this one looks interesting.
Interested to hear the wise views of this community on how do you expect it to perform in a 5yr horizon
For a new player in insurance its all about policy growth and market share. Usually insurance companies will sell insurance very cheap to just gain customers. Then With size they can then use economies of scale to negotiate better deals for claims fulfilment. The fact that their loss ratio is already sub 100% is great. It means theyre writing profitable policies.
Just bought two of these in a couple of days between 50 and 60 dollars a share. Prepared for a bit of volatility, but a good way to use left over cash?
I for one am an example of the ‘untapped’ market in terms of certain cover that I imagine they’re trying to reach…rather than just poach existing business on price etc