Arrow Risk Management raises £2M for insurtech underwriting platform

Arrow Risk Management, a specialist managing general agency (MGA) underwriting platform that provides brokers and carriers with real-time data across the insurance lifecycle, has raised £2 million in funding.

The insurance industry has traditionally been slow to adopt new technology. However, innovative businesses such as Arrow are driving positive change — leveraging data and technology to streamline operations and improve customer experience.

Arrow Risk Management’s platform provides a trading environment for its underwriters. It combines several system applications to facilitate the rapid production of quality underwriting and claims data and achieve a fully optimised end-to-end insurance administration process.

This investment comes after a period of growth following Arrow Risk Management’s launch in 2022. The business has secured Lloyds cover holder status and achieved dual regulation in the UK and EU.

The funding is led by ACF Investors and a range of EIS investors. It will fuel expansion plans and further develop the company's underwriting platform.

According to Jon Godfray, CEO, of Arrow Risk Management: 

"We are delighted to be working with a solid partner with the reputation and pedigree of ACF Investors. This capital will drive our expansion plans and further develop our underwriting platform.”

Sam Fennell, Partner, ACF Investors, shared: 

"Traditionally, underwriting has presented a huge challenge for both insurance companies and customers due to a lack of efficiency in the process. 

Arrow Risk Management is addressing this critical gap in the insurance market.

Its technology-driven approach has the potential to significantly improve both the underwriting process and related transaction processing. We are excited to support their journey."

Lead image: Arrow Risk Management. Photo: uncredited.