Konsileo raises £5M to scale technology-enabled insurance broking
Tech.eu Tamara Djurickovic
Konsileo just raised £5M to grow its insurance broking tech. It wants more brokers, more platform work, and less admin.
Based on reporting by Tech.eu, Tamara Djurickovic — read the original for the full story.
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Konsileo has pulled in £5 million in equity funding, with long-time shareholders Committed Capital and ACF Investors leading the round. The UK-chartered broker launched in 2017 and sits in a fairly specific lane: commercial insurance for businesses, with risk management folded in as part of the service.
The company says it now has more than 220 employees and places more than £85 million in annual insurance premiums. But the bigger story is how it works. Konsileo has built its own end-to-end platform to cut down on admin, add compliance checks and improve the quality of risk information brokers capture from clients.
That system, by its own account, cuts process effort by half. The pitch is simple: if brokers spend less time wrestling with paperwork, they can spend more time with customers. Riskube, its online insurance and risk management tool, lets clients check policies, update details and see broker communications in one place.
The company is also pushing further into automation, with AI due to be woven into workflows to speed up processes and support its nationwide broker network. And Konsileo’s model is not just about software. It uses a flat structure, swaps traditional management for coaching, rewards brokers for the value they create in client relationships, and trains staff through the Konsileo Academy. CEO and co-founder John Warburton says the aim is to back ambitious brokers with the right tools rather than manage them into the ground. The new funding is meant to keep developing the platform and bring in more talent as the business heads toward its tenth anniversary.
My take — AI-written commentary, not fact-checked reporting
This is the kind of boringly sensible startup story that usually gets overlooked: less admin, better tools, more time for the actual customer work. Insurance is full of firms that talk about “digital transformation” while keeping the same clunky habits underneath; Konsileo at least seems to be attacking the mess where it lives. The flat structure is the interesting part, because too many brokerages still confuse management with usefulness.
Read more about this at: Tech.eu
