Instnt Enters California Market with Surplus Lines Fraud Loss Coverage

Instnt, the world’s first identity fraud loss insurance solution, announced today that its surplus lines are now available in California. The expansion enables Instnt to offer its AI-powered, insurance-backed fraud loss protection to the largest population and tech economy in the U.S.

Instnt’s offering complies with surplus lines regulations and is now accessible to California businesses. This marks a key step in the company’s nationwide expansion, following similar certifications in states including New York. It highlights Instnt’s commitment to meeting the highest standards of compliance as it introduces a new category of risk-transfer innovation to financial institutions, fintechs, and digital-first businesses in California.

“To genuinely help eliminate fraud loss from balance sheets, we need to meet businesses where they are, and that means earning trust at both the regulatory and operational levels,” said Sunil Madhu, Founder and CEO of Instnt. “California is home to some of the most innovative companies in the world. We’re proud to bring our solutions to businesses in the state through the surplus lines market to mitigate fraud loss.”

Instnt’s Fraud Loss Insurance solution enables organizations to transfer residual fraud losses from their balance sheets to globally AM Best A-rated insurers without replacing their existing fraud tools. Designed for seamless integration through no-code or low-code implementation, Instnt can be deployed in days, providing immediate protection with minimal disruption.

With fraud losses exceeding $485 billion worldwide in 2023, and each $1 in fraud costing U.S. financial institutions an average of $4.41, Instnt empowers organizations to stay ahead of increasingly sophisticated threats while safeguarding customer onboarding and revenue growth.

Now Available to California Businesses

Businesses operating in California can now access Instnt’s groundbreaking fraud loss insurance solution. Visit https://instnt.ai or contact hello@instnt.ai for more information or to request a tailored quote.