InsurTech Zenjuries, provider of worker compensation automation software for handling claims and reducing loss costs, has raised $2.2m.
Joe Hissong, co-founder and head of strategy for Zenjuries, said investors participating in the capital raise include a number of sophisticated individuals that are well connected in the insurance industry, including.
Zenjuries said its workers’ compensation software is transforming workers’ compensation insurance by automation that enables employers, employees, insurers, agents and third-party administrators to improve their workers’ compensation experience and reduce their losses.
The InsurTech said it intends to utilise the capital to fund future growth in the company, including its transition from a software only product to a “white glove” customer experience where the software is supplemented by “Zenpro” personnel that ensure that the insurers, policyholders, agents and other interested parties can realise the substantial savings in loss costs that can result from using the software appropriately.
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