Global Insurance Undervalued Small Caps

Waterdrop

Market Cap: US$647.4m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$867.6m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

TQM Alpha

Market Cap: ฿6.8b

Engages in the insurance brokerage business in Thailand.

Bowhead Specialty Holdings

Market Cap: US$789.4m

Provides commercial specialty property and casualty insurance products in the United States.