Ancep raises $8.5M led by Creandum for AI insurance broker agents

Targeting the revenue brokers leave behind

Brokers are under pressure from falling insurance rates. Smaller policies often demand as much administrative effort as large ones but pay lower commissions, so brokers may deprioritise or decline them and lose potential revenue. Ancep aims to close that gap by automating the administrative stages.

CEO and co-founder Gagan Khurana says tools that mainly save time and cut costs have often struggled to gain traction, leading to long procurement cycles. "What we sell is net new revenue," he said, adding that while many expect brokers to be disintermediated, Ancep believes the opposite. "We are not building around them, we are building for them, and we are starting with the twenty largest in the world."

Brokers stay in control

The platform is meant to support brokers, not replace them. Authorised brokers remain responsible for binding coverage, and broking teams review the agents' outputs before any action takes effect. Client data is held in isolated environments and is not shared or used for training across brokerages without explicit consent.

Ancep rolls out its technology through individual workflows, starting where automation brings the fastest benefit, and links its pricing to the value it generates for brokers. Its agents are already used by brokers in Austria, the UK and the US, including ACIC Financial Advisory. The new funding will go toward growth and hiring.