Cloud-based insurance platform provides real-time data to streamline and enhance the claims process

London, UK, 20 March 2024: 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, led by ACF Investors and a range of EIS investors. This investment will be used to fuel expansion plans and further develop its underwriting platform.

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 an efficient and effective trading environment for its underwriters to operate within. It combines a number of system applications to facilitate the rapid production of quality underwriting and claims data, to 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.

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

Jon Godfray, CEO, Arrow Risk Management

“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 the related transaction processing, we are excited to support their journey.”

Sam Fennell, Partner, ACF Investors

ENDS

About Arrow Risk Management

Arrow Risk Management is a Managing General Agent (MGA) based in London and led by a team of very experienced individuals who have a track record of running profitable MGA platforms. Its technology, ‘Quiver’ has fast, flexible and accurate use of data at its core. 

About ACF Investors www.acfinvestors

Launched in 2011, ACF Investors (formerly the Angel CoFund) is a privately managed and commercially focused venture capital fund that works alongside sector smart business angels to invest in high-potential SMEs across the UK, directly providing funding to support exceptional businesses.

To date, ACF Investors has supported 119 companies, including such names as Ebury, Gousto, Creo Medical, and Form3, providing more than £75 million in direct investment alongside more than £500 million from business angels and other investors, making it one of the most active early-stage investors in the country.