Insurance coverage analytics software program Percayso Inform has raised £2.7m from ex-Hastings chairman Neil Utley and enterprise capital agency Praetura Ventures.
Percayso Inform counts Direct Line and The AA amongst its prospects, who use it to run insurance-related duties together with offering quotes, level of sale, contract modifications, claims and renewals. It additionally presents insurance coverage analytics and comparisons.
The spherical comes shortly after the Nottingham-based enterprise acquired Cazana from the net automotive market Cazoo in February.
Wealthy Tomlinson, managing director of Percayso Inform, stated: “As we glance forward, we consider that Percayso Inform will play a key position in serving to insurance coverage suppliers of all sizes and styles to get extra out of the wealth of information out there to allow them to put in writing higher enterprise.”
Throughout his time at Hastings, Utley spearheaded the Insurance coverage Australia Group administration buyout in 2009 to its later public itemizing in 2015.
“Wealthy and his group are constructing one of the thrilling companies to have emerged in our business in a few years,” stated Utley.
“UK insurance coverage suppliers have been crying out for a versatile, scalable and easy-to-integrate knowledge intelligence resolution.”
Manchester’s Praetura Ventures first acquired concerned with the insurtech when it led a £3.4m spherical into the corporate final 12 months.
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