Ancep is a London company building AI agents for commercial insurance brokers. It goes after the business brokers decline: smaller risks that take as much work to place as large ones but earn a fraction of the commission. Ancep estimates that up to 30% of the risks a broker sees fall into that bracket, and that around half of them could still be placed at a profit.
Its agents read client submissions, prepare broking documents, pick suitable insurers and approach them by email, portal or API, then return comparable quotes for a broker to sign off. They run inside the systems brokers already use, from policy administration platforms to e-trading portals and CRMs. Only an authorised broker can bind cover, each client's data sits in its own isolated environment, and Ancep charges a share of the value it creates.
Founded in 2026 by Gagan Khurana (CEO) and Jake Turner (CTO), Ancep came out of stealth in November 2026 with $8.5M (about £6.3M) led by Creandum, with Kleiner Perkins and Vicus Ventures taking part. Its agents are in daily use at several of the world's ten largest brokers, and named customers include ACIC Financial Advisory in Austria. One customer division reported a 10% revenue increase within six weeks of going live.