Konsileo, a prominent chartered commercial broker based in London, UK, has successfully secured £8 million in funding, marking a significant milestone in its growth journey. This funding round was primarily led by its existing investors, ACF Investors and Committed Capital, and saw participation from Growth Lending. The infusion of capital will strategically bolster the company’s ongoing recruitment of broking professionals, enabling Konsileo to enhance its workforce and expertise in the competitive insurance landscape. Additionally, the funds will aid in furthering the development of advanced technological solutions that are crucial for maintaining its edge in the industry.
At the helm of Konsileo is CEO John Warburton, along with CTO Peter Henderson, who have guided the company since its inception in 2017.
Konsileo has carved out a niche in the market by specializing in mid-market advised sales, catering to a diverse clientele that includes small, medium, and mid-corporate businesses. Their service portfolio spans various sectors, from construction and logistics to agriculture and recycling. Their innovative placement platform empowers brokers to explore the entire insurance market, which contrasts sharply with the traditional approach of being restricted to a limited set of preferred partners dictated by management. This autonomy enables brokers to find the most competitive quotes tailored to their clients' needs.
One of the standout features of Konsileo's offerings is its sophisticated data capture and e-trade platform. This technology enables brokers to present insurers with a comprehensive view of their clients, ultimately improving the quality of service provided. Moreover, it fosters collaboration among brokers with different specializations, allowing them to directly negotiate how they share responsibilities and the associated benefits. Additionally, the platform incorporates real-time compliance checks, ensuring that all transactions adhere to regulatory standards. Over the past year, Konsileo has achieved impressive growth by placing more than £60 million in Gross Written Premium (GWP) on a run-rate basis, with a dedicated workforce of 160 employees scattered across the UK, underscoring its rapid expansion and commitment to excellence in the insurance brokerage sector.
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