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Meshed, the UK's First AI Insurance Broker, Raises £950K Pre-Seed to Transform SME Insurance Market
Rooted in Glasgow and London , Meshed tackles a pressing issue: approximately 80% of UK SMEs are significantly underinsured , largely due to outdated brokerage practices and inefficient manual operations.
Arslan Hannani , Chief Innovation Officer of Aviva, said:
Hannani noted, " and said that with Meshed,
Meshed's AI-powered platform introduces agents to support different elements of the broker experience, including browser use agents for quoting and voice agents for data collection, freeing human brokers to focus on client relationships and high-value advice.
Meshed was recently authorised as an Appointed Representative by the UK's Financial Conduct Authority (FCA). They have secured 51 insurer agency agreements and can support a wide range of commercial insurance needs, from property and liability to professional indemnity and cyber. Early customers have already reported up to 52% in savings on their insurance.
Meshed will use the raised funds to further advance its platform's capabilities in predictive analytics, risk management, and customer experience.
Meshed and Meshed Cover are trading names of Mesh'd Limited which is an Appointed Representative of Champion Insurance Group Ltd which is authorised and regulated by the Financial Conduct Authority (FRN 520977)
Mesh'd Limited is Registered in Scotland , Company No SC801750 Registered Office: 2nd Floor Clyde Offices, 48 West George Street, Glasgow, Scotland , G2 1BP
Elle Noble (elle@meshedcover.com)
Photo - https://mma.prnewswire.com/media/2752335/Meshed_Team.jpg
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