SM 2Q23

Second Quarter of 2023 Provides Joyn Opportunity for Connection and Growth

Connections in the marketplace and with one another always fill our cup just as business- and team-wide growth brings us an incredible amount of joy and satisfaction.

We are thrilled with how our insurance products have continued to be received in the marketplace, demonstrated by our company experiencing a strong growth trajectory, with our second-quarter premium more than doubling over first quarter and surpassing our own growth goal by 23%.

As Spring began this year after a dynamic first quarter, we were filled with optimism and the opportunity for growth and connection. Connections in the marketplace and with one another always fill our cup just as business- and team-wide growth brings us an incredible amount of joy and satisfaction.

The opportunity for team members to connect with one another and trading partners in person all came together for us at RIMS (Riskworld) in Atlanta where more than 10,000 industry participants from the US and around the globe gathered. Especially as our industry is very much a relationship business, being able to meet with other professionals in person filled us with a sense of the opportunities that our future holds.

At RIMS, Joyn had a solid representation with eight participants across distribution, underwriting and loss control. Together we participated in over 60 meetings and had a great time connecting with current (and future) partners. Industry participation continued beyond Riskworld with two of our team members taking the stage at other industry events. Callie Thomas participated on a panel about growth strategies at an Insurtech Hartford event and Stephan Braig participated on a panel focused on technologies revolutionizing commercial insurance at this year’s Insurtech Insights in New York.

We are thrilled with how our insurance products have continued to be received in the marketplace, demonstrated by our company experiencing a strong growth trajectory, with our second-quarter premium more than doubling over first quarter and surpassing our own growth goal by 23%. This remarkable achievement truly validates our value proposition as evidenced by the significantly higher submission volumes driven by the 19% increase in the number of partners submitting business. Additionally, we expanded our team by 23% and began our very first internship program with two students.

As a 100% virtual company, we embraced the opportunity to come together for an “on-site” gathering in upstate New York in early June. Over 70% of our employees participated in this event, which proved to be highly productive and rewarding. Working in the same room across teams enabled us to tackle various business issues effectively, and the evenings were filled with bonding, further solidifying Joyn’s culture and team spirit. The overwhelmingly positive feedback from our team has led us to plan similar “on-site” working weeks at least once a year.

We built Joyn to integrate insurance, data, and technology expertise, providing a faster, more accurate, and more transparent experience that saves time, costs, and frustration. Today, Joyn offers E&S coverage for property, general liability, and supported excess for companies in six industry verticals across a broad set of NAICS codes in 36 states and Washington, D.C. And as we drive further into the second half of the year, our outlook for the future is bright and we are excited for what it holds.

If you are ready to learn more about how Joyn can work with you, reach out to [email protected].

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