Outmarket AI, an intelligence platform purpose-built for transforming commercial insurance, has launched with $4.7 million in seed funding. This funding round was led by Fika Ventures, with participation from TTV and Dash Fund. This funding will accelerate Outmarket’s platform innovation, team expansion, and strategic partnerships with leading brokers and carriers.
Launched by insurtech and AI veterans, Outmarket AI is redefining commercial insurance with an AI-powered platform that integrates directly into brokers’ and carriers’ workflows, automating insights, streamlining operations, and uncovering revenue opportunities in real time.
Commercial insurance is a massive industry, but outdated workflows cost brokers and carriers billions in lost productivity each year. And an estimated 80% of commercial insurance transactions still rely on email, PDFs and manual data entry, leading to inefficiencies, missed revenue and slow response times for clients.
Outmarket AI utilizes natural language processing, machine learning and insurance-specific knowledge graphs to bring AI-powered insights and automation to every broker and carrier without replacing their existing workflows. And the platform is highly customizable, integrates seamlessly and instantly delivers actionable intelligence.
Outmarket was created by CEO Vishal Sankhla and CTO Anshu Jain, who have assembled a team of AI researchers and insurance experts that includes alumni from IBM Watson, Meta, Uber, Adobe and Ethos, the life insurance tech leader. They envision Outmarket as a connectivity layer for retail agencies, wholesalers and carriers.
Early adopters of Outmarket AI — such as top 100 commercial brokers, MGAs and wholesalers — already are seeing transformative results. And customers report slashing quote comparison and policy review times by up to 80%, turning processes that once took days into those completed in minutes.
Beyond efficiency, Outmarket AI offers revenue-generating insights through an intuitive, AI-powered interface. Brokers and carriers can seamlessly navigate structured and unstructured data, gaining a real-time view of market appetite, premium trends and client profitability. And the user-friendly platform allows insurance professionals to ask natural language questions and receive instant, AI-driven recommendations, without requiring complex queries or technical expertise.
With an intuitive UI designed for insurance workflows, Outmarket AI simplifies data exploration, automates reporting and surfaces actionable opportunities. And this enables brokers and carriers to identify cross-selling potential, optimize carrier placements and maximize profitability — all at speeds not previously possible for insurance professionals.
KEY QUOTES:
“Brokers and carriers know they need to unlock the power of their data to stay competitive, but outdated systems and manual processes slow them down. Outmarket is the missing intelligence layer that modernizes commercial insurance instantly. With AI-powered insights and automation, we help insurance professionals work smarter, win more deals and grow revenue — fast.”
– Vishal Sankhla, co-founder and CEO of Outmarket AI
“The Outmarket team has a powerful combination of deep AI expertise and insurance industry experience. They’re not just building a better software tool. They’re creating the platform that will power intelligent commercial insurance workflows for the next decade and beyond. We’re thrilled to partner with them on this journey.”
– TX Zhuo, Managing Partner at Fika Ventures
“Brokers and agents are the backbone of the insurance industry. AI isn’t here to replace them, but to supercharge their efficiency and success. Our vision is to empower every insurance professional with real-time intelligence at their fingertips. We’re just getting started.”
– Anshu Jain
