InsurTech ennabl has secured a $4m seed round investment led by Vine Ventures to transform insurance brokerage.
The round also saw additional private participants. ennable, which describes itself as an “InsurTech trailblazer” said the investment will be used to expand the company’s platform and expand its team of engineers, data experts, and insurance technology professionals.
By focusing on brokers’ challenges and pain points, ennabl said it offers a fresh perspective on the insurance industry. The company’s platform provides insurance producers with the technology and tools required to gather customer and industry data and streamline the client acquisition and servicing processes.
Moreover, the ennabl platform helps insurance professionals understand their customers’ needs and provide superior solutions. By eliminating re-keying, information silos and data entry errors, producers can focus on servicing clients and building their businesses.
The foundation for the ennabl platform is ennablDATA, Data-as-a-Service (DaaS) offering for insurance brokers, built to automatically extract structure and connect brokers’ data from various disconnected systems.
Kabir Syed, ennabl founder, said, “The insurance brokerage industry is on the cusp of a radical change, and ennabl is positioned at the forefront… ennabl provides brokers with the tools to be more effective and efficient. More importantly, they no longer need to make huge investments in technology and data to transform the way they work.”
Copyright © 2022 FinTech Global
