Digital commercial insurance platform Aurora has secured seed funding from QBE Ventures, which is the investment arm of QBE Insurance Group. The funding will enable Aurora to widen its product offering and enhance its commercial distribution partnerships.

Jan-Vincent Finn, co-founder and chief executive at Aurora, said: “We’re delighted to have the support of QBE Ventures. Aurora is uniquely positioned to simultaneously enhance both our insurers and broking partners’ propositions.”

James Orchard, chief executive officer at QBE Ventures, added: “Algorithmic trading, and better leveraging automation and AI to improve workflows and the understanding of risk, present key opportunities for long term growth. Aurora has developed a strong asset, and we’re looking forward to helping them scale globally.”