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Karn Saroya

Co-founder & CEO at Re

Karn Saroya is the Co-founder and CEO of Re, a Web3 reinsurance startup based in San Francisco. He has a notable background in the intersection of insurance and technology, having spent over a decade in the industry. Saroya's career began with the co-founding of Stylekick, a fashion app that was later acquired by Shopify. He then co-founded Cover, a Y Combinator-backed insurtech platform that offered mobile insurance solutions, before launching Re in 2023.123

At Re, Saroya aims to create a decentralized version of Lloyd's of London, allowing crypto holders to invest in insurance through blockchain technology. The company has raised significant funding, including a $14 million seed round, and is focused on making the reinsurance sector more accessible through innovative digital solutions.23 Saroya's approach combines traditional reinsurance practices with modern technology, seeking to maintain compliance while leveraging the benefits of blockchain for transparency and efficiency.23

He holds a degree from the Massachusetts Institute of Technology and has been recognized as a Fulbright Scholar.1

Highlights

Jul 25 · twitter

Update from the Fed https://t.co/wBGDI7EbbX

Update from the Fed https://t.co/wBGDI7EbbX
May 19 · twitter

The focus on protocol buybacks in crypto is reminiscent of early public markets where valuations hinged on dividends. Shipping, banks, insurers, railroads and mining dominated.

Similarly, 'utility apps' that distribute value are getting love now.

Web3 Reinsurance Startup Re Raises $14 Million - Business Insider
Web3 Reinsurance Startup Re Raises $14 Million - Business Insider
Nov 14 · gobrief.com
Cover Co-Founder Karn Saroya: 'We saw that the insurance system ...

Related Questions

What inspired Karn Saroya to transition from Cover to Re?
How does Re's decentralized approach differ from traditional reinsurance companies?
What are the key challenges Karn Saroya faces as CEO of Re?
How did Karn Saroya's experience at Oliver Wyman influence his career in tech?
What role does Natalie Gray play in the development of Re?
Karn Saroya
Karn Saroya, photo 1
Karn Saroya, photo 2
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Experience

Co-founder & CEO at Re (2023 - Present)
Co-founder & CEO at Cover (2016 - 2023) Product at Shopify (2015) Co-founder at Stylekick (2013 - 2015) Consultant, FS at Oliver Wyman (2011 - 2013) Winter Practicum Intern, Venture Capital at Fairhaven Capital (January 2011)

Location

San Francisco, California, United States