Global Insurance Undervalued Small Caps

Ategrity Specialty Insurance Company Holdings

Market Cap: US$1.2b

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

Waterdrop

Market Cap: US$413.2m

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.

Kingstone Companies

Market Cap: US$288.5m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Wiz Co Participações e Corretagem de Seguros

Market Cap: R$1.4b

Wiz Co Participações e Corretagem de Seguros S.A.

Aksigorta

Market Cap: ₺11.4b

Provides various life and non-life insurance products and services to retail and corporate customers in Turkey.