Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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InsurTech Konsileo raises 2.7mn in VC funding

  • Bernard Goyder 16 April 2018
  • Commercial insurance broker Konsileo has raised £2.7mn ($3.9mn) in a fundraising round led by Committed Capital.

    Konsileo uses proprietary software that allows brokers to place commercial lines business from any location, with reduced administrative costs.

    The broker said the investment will be used to expand its workforce.

    Committed Capital CEO Steve Harris said: "We believe that the commercial insurance market is ripe for disruption.

    "Konsileo's plan to use technology to transform the economics of insurance broking by focusing on the...

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