[Press Release] Seyna 2024 Financial Results

Paris, 8 April 2025

Seyna, the most efficient insurer for brokers, announces solid financial results for 2024, with a 30% growth in written premiums, a strong expansion in Health and a continuous improvement in the performance of its portfolios. These results confirm its promise of value for brokers and reinsurers.

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A solid financial performance in 2024

Seyna announces dynamic commercial growth in 2024 and a solid financial model. This performance confirms its position as the most efficient insurer for brokers:

• Seyna has issued 91 million euros in premiums, marking 30% growth compared to 2023;
• This growth was accompanied by a 3% reduction in the combined ratio across all its portfolios and a 1.6 point improvement in its margin, underlining its ability to optimise the performance of its portfolios in partnership with its brokers, and the automation of its operations;
• The solvency ratio will reach a robust 205% at the end of 2024, testifying to its financial stability and its ability to support future growth.

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7 insurance verticals in full swing

Seyna's model is now recognised by brokers and MGAs (underwriting agencies) for all the company's activities. In particular :

• The Health insurance business has seen exceptional growth of 184%, supported by new strategic partnerships launched in 2024 with SPVIE and Yonivers, and the growth of long-standing broker partners such as Soluprev and April. The key to this success: Seyna shows that it is possible to launch and iterate over the course of the year and to learn about Health products, despite the tensions in this market.
• The pet health insurance business grew by 78%. This is a growth vertical for Seyna due to the success of Seyna's partner brokers, and a market growth dynamic thanks to the increase in the coverage rate of pet owners;
• The affinity car insurance business (mechanical breakdown, franchise buy-back, GAP leasing, etc.) posted strong growth of 66%.

These commercial results illustrate Seyna's ability to meet a need in the brokerage market. Emile Karam, CPO and co-founder of Garantme, comments: " Thanks to Seyna's support, we were able to launch new products quickly and efficiently, thus strengthening our market position. Seyna is a true business partner in our commercial development. "

" Seyna has enabled us to develop innovative offers thanks to their team of experts. The quality of their support means that we can constantly challenge the dynamics of our programme to monitor and continually improve profitability ", says Gilles Courvoisier, Director of Affinity and Specialty Insurance at Verspieren.

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The insurer dedicated to brokerage performance, a validated model

Seyna is an insurer created with a single objective: to make insurance distribution in partnership with brokers and MGAs a high-performance, sustainable business model.

This channel is one of the most difficult to operate for an insurer: a multitude of players, delegation of underwriting and management, each partner having its own systems and data formats. This model traditionally leads to dispersed information, poor risk control, high costs and irregular results.

Seyna has made this complexity its speciality. By putting technology at the service of operational excellence to eliminate friction and maximise the performance of broker partners.

Stephen Leguillon, CEO of Seyna, explains: " We have the resources, the vision and the determination to turn our ambition into reality. Our technology makes it easy to integrate the heterogeneous data from the delegatees, and to automate risk monitoring with a monthly analysis of each product. This means we can create 100% customised products, without compromising on the quality of risk monitoring. Our current trajectory proves this. The implementation of the “Horizon 2027” strategy is essential to assert our position as the most efficient insurer for brokers. "

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