Ancep raises $8.5 million led by Creandum for AI agents that place commercial insurance
London-based Ancep raised $8.5 million in funding, according to Tech.eu. Creandum led the round, with participation from Kleiner Perkins, Vicus Ventures and angel investors.
Ancep develops AI agents that process client submissions, prepare brokerage documents and contact insurers through email, online portals or APIs. The agents work within brokers' existing policy administration, electronic trading and customer management systems.
Broking teams review the agents' work, while authorized brokers remain responsible for binding coverage. Brokers in Austria, the UK and the US already use the software, including ACIC Financial Advisory. Ancep will use the funding for growth and hiring.
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