Akad is an insurer that deploys AI, big data and machine learning to automate the insurance journey for brokers and clients. The company operates a digital platform for brokers and develops embedded insurance partnerships for SMEs, with more than 80% of its issued policies fully automated. Akad recently received SUSEP authorization to operate in the life-insurance segment and plans to debut life products to broaden its offering to brokers and partners. The firm emphasizes technology to increase efficiency, simplify the customer journey and improve broker performance. In the most recent year Akad issued R$926 million in gross written premiums, representing 50% annual growth since 2021, while embedded-insurance partnerships for SMEs have grown 130% annualized since 2021. The company has previously received investments from GP Investimentos and Cyberlabs and will use new capital to scale its digital platform and product suite.

Total raised

$22M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2024