Insurmi scores $1m in funding to accelerate market growth

Insurmi, a conversational AI solution for insurance carriers, has scored $1m in funding to accelerate its market expansion.

Coplex, a “venture builder” which partners with experts, entrepreneurs, and corporate investors to create tech companies, led the funding round. Additional capital was supplied by the Global Insurance Accelerator (GIA) and a group of prominent unnamed international angel investors.

Capital from the round will be used to increase market expansion and grow its team.

Founded in 2016, the company was built to simplify and remove the guesswork from the insurance buying process, it claims. Insurmi has established a conversational AI-powered customer engagement platform for insurance carriers which helps generate new online business, streamline customer claims, and improve customer experiences.

Coplex CEO Zach Ferres said, “Insurmi is solving a prominent challenge in the insurance industry by leveraging next-generation technology to modernize the way carriers reach and engage with future generations of insurance buyers.

“Besides Insurmi’s strong technological core, the company is also anchored by a purpose-driven team of industry experts who deeply understands its audience. We partnered with GIA to help usher Insurmi into their next phase of growth because we believe in Insurmi’s mission and vision for revolutionizing the insurance customer experience.”

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