Insurtech firm aims to accelerate expansion of its distribution and partners network, and invest in automation platform with new funds
Anorak, the fully automated life insurance advice platform, has closed a £5 million funding round. The round was led by Outward VC, with Triple Point Ventures and existing investor Kamet Ventures also participating. The round was also backed by angel investors in European insurtech, including Nic Kohler, the former chief executive of Hollard, Paul Evans, chairman of Allianz, and board member of Bupa and Swiss Re Europe. The insurtech firm stated that the funding will be used to accelerate...
Insurers have ability to use AI, but often choose not to
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