Overview
Samos Insurance is an accidental death coverage MGA targeting patients undergoing scheduled surgical procedures, operating primarily in Canada. The company created Canada's first Surgical Risk Insurance (SRI) product, providing on-demand coverage for procedures such as caesarean sections, joint replacements, heart surgery, and cancer diagnostics. Coverage is activated from hospital admission to discharge for a specific procedure, with no pre-existing condition exclusions and no medical examination required.
Berkley Insurance serves as the capacity provider under a proprietary underwriting model developed specifically for surgical risk. The company was founded in 2021, participated in Y Combinator's Winter 2022 cohort, and has received strategic investment from SiriusPoint (NYSE: SPNT). Additional investors include North South Ventures, MGV, and MS&AD Ventures.
Samos distributes through direct consumer channels, employer group benefit programs, healthcare provider partnerships, and insurance broker networks. The company's product platform allows the majority of applicants to receive approval within five minutes. A separate Birth Coverage product provides accidental death protection for expectant parents in the event of maternal death during childbirth.
Products & Services
Surgical Risk Insurance (SRI)
On-demand accidental death coverage for patients undergoing scheduled surgical procedures. Coverage is active from hospital admission to discharge.
Key Features
- No pre-existing condition exclusions
- No medical exam required
- Coverage up to USD 200,000
- Instant underwriting -- 99% of applicants approved within 5 minutes
Target Users: Individual patients undergoing scheduled surgeries in Canada
Distribution: Direct to consumer, insurance brokers and advisors, healthcare providers
Birth Coverage Insurance
Accidental death coverage for expectant parents in the event of maternal death during childbirth.
Key Features
- Financial support for the surviving family
- Simplified underwriting
- Available in Canada
Target Users: Expectant parents in Canada
Distribution: Direct to consumer, insurance brokers
Group Benefits
Surgical risk protection offered as an employer or association group benefit.
Key Features
- Group pricing for employer-sponsored plans
- Integration with HR and payroll platforms
- Covers all employees undergoing scheduled procedures
Target Users: Canadian employers and associations; HR platform partners
Distribution: HR platforms (Humi), employer direct
Professional Solutions
Coverage products designed for distribution by insurance brokers, advisors, and healthcare providers.
Key Features
- Temporary coverage to bridge policy gaps
- Flexible coverage amounts
- Quick policy issuance
Target Users: Insurance professionals and healthcare providers
Distribution: Licensed insurance brokers and advisors; healthcare provider partnerships
At a Glance
- Founded
- 2021
- Headquarters
- Kitchener, Ontario, Canada
- Employees
- 11-50
Category & Focus
Links
Last updated: 2026-05-18