Insurtech firm secures £2m to 'transform' reinsurance experience for underwriters

An independent reinsurance technology provider has secured multi-million pound investment to develop its platform.

Riskbook has secured £2m in seed funding from venture capital firms Episode 1 Ventures, MMC Ventures and Seedcamp.

London-based Riskbook was co-founded by Jerad Leigh (formerly of TigerRisk and Aon), Ben Rose (formerly of Aon and Lloyd’s) and technical co-founder Jezen Thomas (CTO), in a bid to improve the reinsurance placing experience for brokers and underwriters.

Jerad Leigh, CEO of Riskbook, commented: “We are thrilled to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades.

“Paired with Riskbook’s win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike.”

Damien Lane, partner at Episode 1 Ventures, added: “We are thrilled to be partnering with Riskbook as they build a market-leading independent reinsurance platform.

“We loved the team’s combination of deep market insight gained from years of industry experience and their hugely impressive technology capability.

“In a short space of time, the team has built something that has had an enthusiastic reaction from all sides of the market and all the investors are looking forward to working with Jerad and Ben to continue to deliver game-changing solutions to the industry.”