AI-powered Claims Automation & Fraud Filtering for Insurance Sprout.ai's Benefits: - Reduce settlement times with 50% - Increase fraud detection with 15% - Reduce operational costs with 70$ - Zero impact on IT roadmap - Industrial-grade security
Working with insurance players in the USA, UK & Europe. While other providers offer either claims automation or fraud filtering, Sprout.ai has been able to develop a light touch solution that delivers both. Engineering this state-of-the-art tool has been made possible by fusing the power of machines and a vast external data network. The result is a non-intrusive solution that enhances your data, offers actionable insights on fraud suspicions, and automates your claim processes. From receiving a claim to the final settlement, Sprout.ai assists your claims & fraud teams every step of the way, without ever disturbing your workflow.
B2B2C, B2C, B2B
1 to 25
Seed
$3.8 M
Scaling Up
2017
Insurance
Data Enrichment
Rapid Claims Automation
Enhanced Fraud Detection
Increase Efficiency
Risk (AML, Fraud)
Analytics
IT and Security
Yes
Active
Machine Learning
Natural Language Processing
N/A
N/A
Software
N/A
N/A
2
1
$11M
Company was founded 2017 and it took almost 4 years (May 2021) to raise first external round
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