Anorak Technologies overview

Anorak finds users the life policy that best suits their situation and needs. Users provide the platform with a brief life ‘checkup’ and, within minutes, the venture can provide a detailed action plan and offer 3 insurance options that have been specifically matched to answers given in the checkup. The venture, based in both Paris and London, was founded in 2017.

Anorak’s life insurance platform and independent robo-advisor offers personalised action recommendations on risk exposure through its use of AI, machine learning and multiple data points. The venture is focused on shortening the customer journey, replacing confusing and complex jargon with simple yet specific questions and statements in plain English.

Anorak is backed by AXA’s Kamet, which invested into its $5.59m Seed round. The funding has been earmarked towards platform development.

Anorak’s leadership team have significant industry experience, with CEO David Vanek previously serving as a VP at J.P. Morgan, and CTO Vincent Durnez previously co-founded Insurtech and served as Chief Architect at AXA Global Direct.

In 2018, Anorak announced they would be bringing live and impartial insurance advice to Starling Bank's marketshare following a recent partnership with the challenger bank. 

The following year, the FinTech Innovation Lab in London revealed that Anorak would be among its 20-strong start-up cohort. The programme, founded by Accenture and its partners in 2012, runs for three months between 7 January and 28 March. Participating start-ups will work with executives from banks and insurers such as BlackRock, HSBC, Santander, and Wells Fargo to further develop their business models and solutions. 

In July 2020 Anorak announced it was partnering with fintech Snoop to offer its client personalised life insurance advice through its app.

Map showing the location of Anorak Technologies

London, United Kingdom

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Key people

David Vanek CEO and Co-founder
Vincent Durnez CT0 and Co-founder