Tern Financial Group
- Company typePrivate
- Founded2013
- HeadquartersQuebec, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
Tern Financial Group firmographics
Firmographics- Name
- Tern Financial Group
- Legal name
- TERN Financial Group, Inc.
- Website
- https://terngrp.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where Tern Financial Group is headquartered
LocationHeadquarters
- HQ city
- Quebec
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Tern Financial Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Specialty Insurance Underwriting: TERN Financial Group develops and underwrites niche insurance products for short-term furnished rentals, peer-to-peer platforms, and PropTech innovators. Revenue is generated through insurance premiums collected from policyholders, with products distributed through licensed insurance brokers globally.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based specialty insurance products |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Tern Financial Group product offering
Product offeringCore offering
Tern Financial Group underwrites and distributes niche specialty insurance products for the sharing economy, short-term furnished rentals, peer-to-peer platforms, and PropTech-driven accommodation providers. Operating as a Lloyd's of London Coverholder since 2013, the firm leverages bespoke underwriting technology and a global network of licensed insurance brokers to deliver tailored cover across vacation, corporate, student, co-living, and digital property management segments.
Product overview
TERN Financial Group operates as a Lloyd's of London Coverholder since 2013, offering a comprehensive portfolio of niche specialty insurance products across three core industry sectors: Short-Term Furnished Accommodation, PropTech Innovation, and Sharing Economy. The product suite includes distinct offerings for vacation rentals, corporate housing, student housing, digital nomads, co-living, assisted-living care facilities, and transitional housing under the Short-Term Furnished Accommodation umbrella. The PropTech Innovation portfolio covers Single Family Rental (SFR) and Digital Property Management. The Sharing Economy vertical provides Peer-to-Peer Platforms insurance along with specialized sub-brands including ScooTERN (micromobility), PetTERN (pet services), SitTERN (childcare), RecreaTERN (recreational vehicles), and AccidenTERN (vehicle physical damage). The company positions itself as a tech-enabled global underwriter with a boutique, niche-focused approach rather than a single unified platform product.
Differentiator
Problem solved
Functional benefit
Brands
- ScooTERN: Micromobility vehicles and/or personal electric vehicles (PEVs) insurance coverage.
- PetTERN
- SitTERN
- RecreaTERN
- AccidenTERN
- MyTERN
Products and services
- Vacation Rentals Insurance
- Corporate Housing Insurance Specialty insurance cover designed for corporate housing providers offering medium- and long-term executive and relocation stays.
- Student Housing Insurance Specialty insurance for furnished student accommodation operators managing short- and medium-term stays.
- Digital Nomads Insurance Specialty insurance cover for accommodation providers serving digital nomads and long-stay remote workers.
- Co-Living Insurance Specialty insurance for co-living operators running shared furnished accommodation schemes.
- Assisted-Living Care Facilities Insurance Specialty insurance cover for operators of assisted-living and residential care facilities.
- Transitional Housing Insurance Specialty insurance for providers of transitional and supported housing accommodation.
- Single Family Rental (SFR) Insurance Specialty insurance for single family rental (SFR) operators running furnished short- and medium-term rental portfolios.
- Peer-to-Peer Platform Insurance Specialty insurance cover designed for peer-to-peer accommodation and sharing-economy platforms and their host networks.
- Digital Property Management Insurance Specialty insurance cover for digital property management companies and PropTech-driven accommodation operators.
- ScooTERN Specialty P2P insurance sub-brand under the TERN umbrella targeting a specific sharing-economy use case.
- PetTERN Specialty P2P insurance sub-brand under the TERN umbrella focused on pet-related sharing-economy risks.
- SitTERN Specialty P2P insurance sub-brand under the TERN umbrella covering sitting-related sharing-economy exposures.
- RecreaTERN Specialty P2P insurance sub-brand under the TERN umbrella covering recreational sharing-economy exposures.
- AccidenTERN Specialty P2P insurance sub-brand under the TERN umbrella covering accident-related sharing-economy exposures.
Quantifiable outcome
- Insureds achieve lower operating costs, enhanced revenue, and better guest-experience outcomes
Companies that use Tern Financial Group
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Tern Financial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Tern Financial Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Lloyd's of LondoncoreTERN Financial Group is an Approved Coverholder at Lloyd's of London, operating under delegated underwriting authority. This partnership provides regulatory backing, global market access, and enables the company to deliver specialty insurance products worldwide. The Lloyd's relationship is fundamental to TERN's ability to underwrite complex niche risks across multiple jurisdictions including Europe, Asia, Australia/NZ, Brazil, Mexico, and UAE.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Tern Financial Group competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Tern Financial Group social profiles
Digital presenceTern Financial Group compliance and trust
Trust signalCompliance2 records
Tern Financial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tern Financial Group leadership team
Management profileNumber of profiles
Profiles2 records
Tern Financial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tern Financial Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tern Financial Group
What does Tern Financial Group do?
Tern Financial Group underwrites and distributes niche specialty insurance products for the sharing economy, short-term furnished rentals, peer-to-peer platforms, and PropTech-driven accommodation providers. Operating as a Lloyd's of London Coverholder since 2013, the firm leverages bespoke underwriting technology and a global network of licensed insurance brokers to deliver tailored cover across vacation, corporate, student, co-living, and digital property management segments.
Is Tern Financial Group a public or private company?
Tern Financial Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tern Financial Group founded?
Tern Financial Group was founded in 2013. It employs 1 to 10 people.
Where is Tern Financial Group based?
Tern Financial Group is headquartered in Quebec, Canada, in the North America region.
How does Tern Financial Group make money?
One revenue line is on record: specialty Insurance Underwriting.
Does Tern Financial Group have an API?
No public API is recorded for Tern Financial Group.