The European insurance brokerage market, with more than 115,000 brokers and 901,000 intermediaries, is transforming under the pressure of technological innovation. In France, these professionals manage 17% of the 209 billion euros in annual premiums, but face growing challenges: increased complexity of risks, tougher regulations, and competition from large international brokers.
Insurtech Little John is tackling these issues by developing a platform based on generative artificial intelligence. Designed to increase the productivity of brokers, it offers tools to automate the collection, analysis and enrichment of customer data from documents and emails. This information is then integrated into forms, subscription extranets or presentations for insurers. The first beta version will be launched in February 2025 to a community of testers.
This suite of tools, available in SaaS mode, does not aim to replace brokers, but to allow them to focus on customer relations and advice, while gaining efficiency. Little John also plans to create a group of brokers to pool expertise and resources, offering small structures the means to compete with major players.
The startup raised 1.1 million euros in pre-seed from FEBE VENTURES, VESSOA PRIVATE EQUITY, LEONCARE and a pool of business angels. These funds will be used to finalize the development of the platform.
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