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Surround Insurance cited by The Insurance Insider

Updated: Jul 29, 2020

November 19, 2019 - Kate Terry, Co-founder and Chief Operating Officer of Surround Insurance, was cited by The Insurance Insider for an article on tightening capacity in the reinsurance market for InsurTech startups.

Photo of Kate Terry at Plug and Play panel in New York City

While appearing on a panel in New York hosted by Plug and Play, Kate was quoted as saying, “What happened is some InsurTechs said ‘insurance is totally broken’ and raised a ton of venture capital but they were also using reinsurance balance sheets as growth capital, which is not what it's meant for.”

Despite the current issues, Terry was additionally quoted as saying that "Surround had succeeded in lining up an “amazing” top-tier reinsurer to back its product suite."

Logo for The Insurance Insider

The full article can be found here.

For more details on the Surround product offering or media inquiries, please email

About Surround Insurance

At Surround, we're reinventing age-old insurance products to serve modern consumers. We're with them as they reach for their dreams with insurance that feels designed for them. We're angel- and venture-backed by insurance and technology veterans who share our vision for a new era of customer-centric, technology-enabled insurance. Our members are changing the world; we’re changing insurance.


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