Acturis Limited, a London, UK-based provider of insurance technology solutions, has received a minority investment of undisclosed amount from Summit Partners.
Founded in 2000, the company currently provides a Software as a service (SaaS)-delivered platform that automates insurance administration and enables multi-channel implementations as well as electronic trading of commercial and personal lines insurance.
Customers include Allianz, Axa, Aviva, RSA, Giles, Jelf, Bluefin, Oval, Heath Lambert, Swinton and Willis.
In conjunction with the funding, Han Sikkens, a Principal of Summit Partners, will join Acturis’ board of directors.
The company, which employs more than 120 professionals, will use the proceeds from the investment to further expand in the UK and abroad.