Aurora secures funding from QBE Ventures

Aurora Insurance, the digital commercial insurance platform, has secured seed funding from QBE Ventures, the investment arm of QBE Insurance Group.

The London-based MGA will use the investment to enhance its lead algorithmic trading proposition, expand its product offering, and commit to new commercial distribution partnerships.

“We’re delighted to have the support of QBE Ventures. Aurora is uniquely positioned to simultaneously enhance both our insurers and broking partners’ propositions. James and his team have a fantastic understanding of our complex business and how Aurora’s role within the ecosystem will continue to develop.” – Aurora’s Co-Founder and Chief Executive, Jan-Vincent.

“We’re grateful for the QBE Ventures team’s support, whose strategic alignment, shared vision for algorithmic trading, and understanding of the benefits of our innovation make them an ideal investor. Their collaborative approach, diligence, and expertise in emerging industry trends have really impressed us, and we’re excited to continue working together to drive the insurance industry towards a more data-driven and efficient future.” – Aurora’s Co-Founder and Chief Technical Officer, Bijal Patel.

“We’ve really enjoyed getting to know Jan, Bijal and the team. Algorithmic trading, and better leveraging automation and AI to improve workflows and the understanding of risk, present key opportunities for long term growth. Aurora has developed a strong asset, and we’re looking forward to helping them scale globally.” – James Orchard, Chief Executive Officer at QBE Ventures.