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Former UK minister Bim Afolami launches AI insurance startup i23

Original: Former UK government minister Bim Afolami has launched an AI insurance startup called i23 with Anand Sambasivan. The sta

Former UK government minister Bim Afolami has co-founded i23, an AI-focused insurance startup, alongside Anand Sambasivan. The company has reportedly raised close to £5m in seed funding to build out its technology. The move marks a notable career shift from politics into fintech, and observers are watching how a former minister leverages his network in the fast-growing AI insurance space.

Why now: A former government minister entering the AI startup world with substantial seed funding is an unusual and newsworthy career move.

Bim AfolamiAnand Sambasivani23

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• Former UK government minister Bim Afolami has launched an AI insurance startup called i23 with Anand Sambasivan. The startup has reportedly raised nearly £5m in seed funding. Source: https:// tech.eu https:// tech.eu/2026/10/29/former-uk-g… · sipirtu · 1

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