Ancep raises $8.5M to automate insurance brokers' administrative work

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Published Tuesday, November 10, 2026 · 10:39 AM EST

London-based Ancep has raised $8.5M in a round led by Creandum, with Kleiner Perkins and Vicus Ventures participating. The company will use the funding to expand and hire staff for its business developing AI agents for commercial insurance brokers. The agents read client requests, prepare standard documents and collect insurer quotes through email, portals or direct connections. Ancep targets smaller policies whose administrative demands can make them uneconomic for brokers. Its software is already used by ACIC Financial Advisory, a top-ten UK broker and part of a leading US brokerage. Ancep charges a share of the additional value generated rather than a fixed subscription. Authorised brokers retain responsibility for agreeing to coverage and reviewing the agents' work.

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The Next Web

Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.

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