Anzen raises $10M to rebuild D&O and executive liability insurance
Max Bruner
Today, we are proud to introduce Anzen (meaning ‘safety” in Japanese), where we are rebuilding from the bottom up the insurance that every growing company is required to buy – Directors and Officers (D&O) or Executive Liability Insurance. We are also launching the Anzen Management Operations (MgmtOps™) suite, which contains a first of its kind Safety Auditor created to track and automate employee compliance. Anzen is on a mission to offer a superior insurance product with software to keep companies safe; therefore allowing management to focus on what is most important- growing and running their business.
What’s the problem with the status quo?
D&O and other Executive Liability Insurance products like Employment Practices Liability (EPL) have always been frustratingly slow and analog to buy. Anzen has built an approach to deliver a fast, modern experience by connecting to the company’s systems with only a few clicks to help founders and operators get covered quickly and accurately, with the best possible coverage and risk prevention software. Companies only have reactive measures to protect themselves today. Anzen introduces the first proactive solution to lower the risk of employment practices disputes. Shouldn’t insurance help prevent the customer from getting sued in the first place?
Anzen management operations (#MgmtOps)
100% of Anzen policyholders get immediate access to Anzen Management Operations (MgmtOps™). MgmtOps™ is a risk management platform that addresses corporate governance, compliance, and document retention. The software connects to every company's HR Information System (HRIS), payroll, e-signature, background checking, and other People Operations tools to uncover risks such as missing employee agreements and audit compliance to per-state employer requirements. In short: it is an automated compliance system that helps People Ops teams understand and mitigate employee and compliance risks.
Who’s behind Anzen?
We are repeat founders with decades of experience building multi-billion dollar businesses. We have learned firsthand how frustrating the D&O insurance process is for time-strapped founders, operators, and business owners. And we know how distracting and annoying long applications, rising costs, and compliance blind spots are. This is why Anzen decided to build the only vertical specialist in Executive Liability and the technology to help prevent these costly distractions.
Seed round announced
Anzen has raised $10M in seed financing led by Andreesen Horowitz, with MS&AD Ventures, Tokio Marine, and over 30 leading seed investors and founders/CEOs participating who are all ready to see D&O insurance and compliance software reduce management brain damage. AmTrust Financial and Greenlight Re also participated in the round and support Anzen as insurance partners along with Everest Re.
Know an established business or tech founder/operator who needs D&O and Executive Risk Insurance? Send them our way.
Send us an email at team@anzen.com
