8 years ago
Anorak Technologies Raises £4 Million to Make Life Insurance Easier
Anorak Technologies, a London-based startup focused on making life insurance more accessible, has raised £4 million in seed funding from Kamet Ventures, an incubator backed by insurance giant AXA
Anorak aims to use data science and machine learning to help people find the right life insurance policy and is partnering with various institutions to integrate its services into their platforms
The startup is tackling the challenge of low life insurance penetration in the UK by offering a user-friendly and transparent experience, focusing on key life events when individuals need protection.
ProblemFinancial Services
"Life insurance is confusing and hard to understand, so people often delay getting it, or they end up with a policy that isn't right for them."
Solution
"Anorak provides an AI-powered platform that helps people find the right life insurance policy for their needs. They make the process simple and transparent, and they partner with other companies to make it easy for people to get life insurance at the right time."