Delos Insurance

Delos Insurance addresses one of the hardest questions in personal property: whether a portfolio can be selective inside a geography that traditional carriers increasingly treat as a single wildfire problem. The MGA says refined wind, vegetation, suppression and urban-conflagration data allowed it to add more than one million eligible California homes during the year to April 2026, bringing its addressable market to roughly 12 million. Within the five counties surrounding the Eaton and Palisades fire footprints, it identified another 270,000 homes as acceptable. That is a materially different proposition from avoiding entire ZIP codes, but eligibility is not the same as capacity, and model precision is not the same as proof of portfolio profitability. Delos reported zero insured wildfire losses from the Los Angeles fires and has made similar no-loss claims for earlier periods. Those outcomes are encouraging, yet their evidentiary value depends on the number, location, limits and duration of policies actually exposed. A model can correctly exclude a fire footprint while still underestimating tail risk, correlated ember transport, post-event demand surge or future vegetation and development patterns. Readers therefore need exposure-denominator and portfolio-level results, not only avoided-loss anecdotes. Delos currently identifies Homesite Insurance Company and Lloyd’s of London as issuing partners. Its claims page lists Homesite, Lloyd’s Syndicates 33 and 609, and Trusted Resource Underwriters Exchange contacts for different policy series, demonstrating that the customer experience and claims chain can vary by program. Multiple providers can expand availability, but renewal terms, claims authority, reinsurance economics and data rights must remain explicit. The company’s model uses hundreds of inputs, including NASA-derived data, and its stated ambition extends from selection into individualized mitigation advice. That transition is strategically important: a model that helps reduce loss may create more durable value than one used only to accept or reject risk. It also raises governance questions about when recommendations are refreshed, whether policyholders are rewarded for action and how model changes affect renewal. Delos does not publicly report premium, loss ratios or capacity concentration. Its central test is therefore whether parcel-level science continues to outperform through multiple severe fire seasons at meaningful scale. The indicators worth watching are policies and insured value within each fire perimeter, catastrophe-adjusted loss ratios, concentration by carrier and syndicate, model version and override rates, renewal and nonrenewal behavior, mitigation uptake, replacement-cost adequacy, FAIR Plan displacement, claims settlement speed and how much newly eligible exposure ultimately binds.