Insurance software company Genasys has agreed a £12.5m investment from scale-up investor Frog Capital. The deal gives Frog a significant stake in the business but the Genasys management team will retain operational control. Genasys provides policy administration and claims solutions for insurance businesses throughout the market.

André Symes joint CEO at Genasys, said: “Our platform and ecosystem have been widely adopted by forward-thinking insurance businesses who have bought into the need for agile, quick-to-change technology.

“It’s a mindset that is gathering pace across the insurance industry – personal and commercial lines, in the London market space and beyond. The potential for our business growth is enormous as we have built a proposition that has a track record of delivering solutions for those insurance companies at the early stages of their digital journeys as well as those who are a long way down the path.”

Jens Düing, senior partner at Frog Capital, added: “We are delighted to invest in Genasys. The company has already created an industry leading modular state-of-the-art platform that is gaining increasing momentum in a transforming ecosystem.”

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