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InsurTech Futures: Start-up Zoe looks to replace brokers with AI

Artificial intelligence robot

Former Aviva man aims to build an AI driven broker able to give "better advice than the human broker" following £400,000 funding round.

InsurTech start-up Zoe has launched with the aim to become an artificial intelligence (AI) driven insurance broker, Insurance Age can reveal.

The start-up stated that it has raised £400,000 in seed round funding, led by industry angel investors and start-up incubation studio System-Two.

According to the business Zoe will help consumers manage all their insurance needs through an AI driven personal insurance assistant and mobile app.

The business was founded by former Aviva product manager

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