# Ledger Investing

> Casualty ILS marketplace and SaaS platform connecting insurance risk with institutional capital

## At a glance

| Field | Value |
| --- | --- |
| Category | Reinsurance Technology |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | [Unknown] |
| Founded | 2016 |
| Stage | Growth |
| Employees | 11-50 |
| Funding | Series B |

## Overview

Ledger Investing is a reinsurance technology and insurance-linked securities (ILS) intermediary for the casualty insurance market. The company connects insurance carriers, reinsurers, and MGAs with institutional investors through a structured marketplace for casualty ILS transactions. It serves top-tier global reinsurers, major insurance carriers, wholesale brokers, and investor groups including pension funds, sovereign wealth funds, and private credit funds.

The company operates two business lines: a traditional broking and advisory practice covering casualty ILS origination, structuring, and placement, and Korra -- a separate SaaS subsidiary launched in December 2025 that digitizes reinsurance workflows across pricing, structuring, contract analysis, and performance reporting. The Korra platform is built around AI-driven modules and supports the full reinsurance lifecycle from deal pricing through collateral monitoring.

Founded in 2016 and a Y Combinator alumnus, Ledger Investing has facilitated over 170 casualty ILS transactions representing more than USD 7 billion in gross written premium. The company closed a USD 75M Series B round in 2024, bringing total funding to approximately USD 95.9M.

## Products & services

### Korra Platform

A SaaS platform for reinsurance and ILS transactions, launched in December 2025 as a separate subsidiary. The platform integrates AI-driven workflows across the full reinsurance lifecycle, connecting insurers, MGAs, reinsurers, and institutional investors through a single environment.

**Key features:**

- \*\*Korra Marketplace\*\*: Digital transaction layer connecting insurance risk with capital market investors
- \*\*Korra Analytics\*\*: Actuarial and data science tools for deal pricing, performance forecasting, and portfolio valuation
- \*\*Korra Reports\*\*: Automated bordereaux ingestion with financial statement and collateral monitoring
- \*\*Korra Contracts\*\*: AI\-powered contract parsing that converts bespoke reinsurance contracts into structured, queryable data

*Target users:* Insurance carriers, reinsurers, MGAs, institutional investors

### Casualty ILS Broking & Advisory

Traditional intermediary services for the casualty ILS market, covering the full transaction lifecycle from origination to secondary trading.

**Key features:**

- Deal origination and structuring for off\-balance\-sheet solutions
- Securities placement to institutional capital market investors
- Secondary market trading and liquidity solutions
- Strategic advisory on capital efficiency and risk transfer

*Target users:* Insurance carriers, MGAs, reinsurers

## Category & focus

- Subcategories: Insurance\-Linked Securities \(ILS\), Capital Markets Broking, Reinsurance Analytics
- Insurance verticals: P&C Commercial, Specialty/E&S, Reinsurance, Workers Compensation
- Target customers: Carriers, Reinsurers, MGAs/MGUs, Brokers

## Notable customers

- Top 10 global reinsurers
- Top 15 global insurers
- Top 3 global wholesale brokers
- Pension funds and sovereign wealth funds
- Special situations and private credit funds

## Links

- Website: <https://ledgerinvesting.com>
- Directory profile: <https://insurtechlist.com/companies/ledger-investing/>
- Linkedin: <https://www.linkedin.com/company/ledger-investing>
- Press/news: <https://www.ledgerinvesting.com/news>
- Korra platform: <https://www.korra.com>

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*Last updated: 2026\-06\-15*