Palomar Holdings Inc 's

The company operates in specialty insurance markets that are underserved and have few direct competitors focused exclusively on specialty risks. It is the second largest earthquake insurer in California and the third largest in the United States. The company offers products approved by state regulators and utilizes proprietary pricing models based on granular spatial and actuarial data for automated pricing. It operates in both admitted and excess and surplus (E&S) insurance markets and employs a multi-channel distribution model that includes retail agents, program administrators, and wholesale brokers. The company competes in the U.S. property and casualty market and seeks growth by increasing market share, expanding its distribution network, and enlarging the total addressable market.