Scout InsurTech Interview with Anansi

Anansi is a logistics-focused InsurTech company that provides an accountability platform for the supply chain. Shelby Peranich sat down with Megan Bingham-Walker, the founder and CEO of Anansi, to discuss how the company is impacting the industry.

Who are your clients?

Anansi’s clients are large retailers with high volumes of shipments, particularly those who have an insurance gap in their current coverage. These businesses often face challenges when smaller shipments are lost or damaged during transit, and their existing insurance or courier services don’t cover these issues. Additionally, we work with fulfillment centers that are looking to provide better services to the retailers they support.

What does your product do?

Anansi leverages data and insurance to provide both coverage and tools for navigating logistics challenges. The platform connects with a retailer’s order data, tracking the shipments and monitoring their status throughout the delivery journey. If a shipment is lost or damaged, the claims process is automated, reducing repetition and speeding up recovery times. We integrate with open banking for seamless transaction handling, automating as much of the claims process as possible.

How much capital have you raised?

We have raised about $5 million in funding to date.

Was the company born from within or outside the industry?

I do not have direct insurance experience, but the company was born out of experience in the logistics industry. Having run an e-commerce business, I saw the gap in insurance coverage for smaller shipments and recognized the opportunity to automate this process using existing data to create an efficient insurance product.

What growth metrics have you accomplished over the last 12 months?

Over the last 12 months, we have achieved early indications of product-market fit. We are now working with clients who ship thousands of shipments per day, with claims volumes exceeding 100 per day. With clients in the backlog, we expect to reach $1 million in ARR in the next couple of months as we scale. We have also expanded our market presence, refining our product offering along the way.

Within your domain, what is the current challenge that the industry is facing?

The biggest challenge in e-commerce logistics today is the complexity of offering insurance for smaller shipments, particularly with rising costs and political instability. We're excited about the opportunity to address this gap, as retailers and fulfillment centers know they have an insurance issue but have struggled to find a scalable solution. The feedback from early clients has been overwhelmingly positive, which excites us about the future potential to expand our solution across the industry.

How does Anansi take a unique approach to providing value?

Anansi’s unique approach lies in our B2B focus. While many competitors target the consumer market with checkout-based insurance, we position ourselves as an enterprise product for retailers. This allows for greater automation, reducing the friction for both consumers and retailers when it comes to shipping insurance. We also integrate with order data, which helps automate claims for lost or damaged shipments, reducing the need for manual input and improving efficiency.

What inspired the team to start this company?

The inspiration came from my experience in e-commerce, where I saw how fragmented and outdated parcel insurance processes were. While other parts of the business were automated and data-driven, insurance was still stuck in manual paperwork. I believed they could build a modern solution that used the data retailers already had to automate the process and close the coverage gap. That insight became the foundation for Anansi, and with support from mentors and insurance professionals, we turned that idea into a real product.

Can you share any goals for the next 12 months?

Our goals for the next 12 months include scaling the business, particularly by onboarding more retailers and fulfillment centers. The company is reorganizing to become an MGA (Managing General Agent) under Lloyd’s of London, which will allow us to trade globally. We are also working to bring in new insurance capacity as part of this reorganization.

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