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Life Insurance Advice Platform Anorak Secures £5 Million Through Latest Investment Round Led By Outward VC
Anorak, a UK-based life insurance advice platform, has reportedly secured £5 million through its latest investment round, which was led by
Outward VC, with participation from
Triple Point Ventures and
Kamet Ventures
Founded in 2017, Anorak describes itself as a technology company that is setting a “new standard” for protection sales by offering a software platform that is build to enable any distributor to sell at scale.
“With Anorak, unlocking the potential of the protection market is anyone’s game. We’re enabling banks, lenders, insurers, brokers, advisers, and other digital disruptors to sell life insurance, income protection and critical illness cover more efficiently, at scale – with an easy-to-integrate software platform connecting their customers to personalised, regulated solutions.”
Life insurance advice platform Anorak has partnered with Iress to provide a protection advice platform to mortgage brokers.
Anorak has developed a cloud-based software protection advice platform for mortgage brokers and this latest partnership with Iress will help reduce the advice gap that exists among mortgage brokers.
The platform enables mortgage brokers to instantly know their clients financial liabilities, be guided to build an affordable protection recommendation that covers (if needed) Life Insurance, Income Protection and Critical Illness and safely build a suitable solution that has been curated by Anorak’s dynamic scoring system.
Iress’ technology has been fully integrated into the Anorak for Advisers platform, providing real-time quotes and applications submissions for customers without having to leave the Anorak platform.
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