ClaimSorted funding news – ClaimSorted Raises $3 Million in Pre-Seed Funding

The founders of it have a deep-rooted understanding of the challenges in claims processing, having encountered them firsthand while managing their insurance venture. Their reliance on third-party claims agencies (TPAs) to handle claims proved to be a source of ongoing frustration, prompting them to develop solutions that address these pain points directly.

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One day, a distressed customer waited 30 days for a payment only to be told by the TPA, "It's ONLY been 30 days—your customer can wait." Discover how ClaimSorted is revolutionizing the claims industry by automating processes with AI while providing personalized attention to complex cases. This innovative approach ensures faster processing, reduces errors, and enhances the overall experience for insurers and customers.

Their solution can deliver a much better customer experience and process claims three, and sometimes even ten times faster while reducing errors in payouts by over 20%. ClaimSorted also provides real-time insights to underwriting teams, helping improve decision-making.

Pavel Gertsberg, Co-founder and CEO of ClaimSorted, commented: “Too many insurers are stuck with claims partners who just don’t care enough about their customers. We experienced this frustration firsthand. With ClaimSorted, we’re building a solution that puts their customers at the center of the claims experience.”

Sam Endacott, Partner at firstminute Capital, said: “ClaimSorted is bringing modern software to a major segment of the insurance industry that is yet to undergo significant digital transformation and is dominated by large services companies. We are excited to see how the team with their deep domain expertise can automate away laborious repetitive tasks and deliver a superior user experience to insurance companies and their customers.”

About ClaimSorted

ClaimSorted is revolutionizing the claims industry by offering a 5-star claims experience, alongside cutting-edge automation and a top-tier claims team. Their modern TPA not only enhances customer satisfaction but also significantly lowers operational and indemnity expenses.