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Sprout.ai
United Kingdom
- London, England
- 05/05/2021
- Series A
- $11,000,000
Setting the new industry benchmark for AI claims automation & fraud qualification in insurance.
- Industry IT Services and IT Consulting
- Website https://sprout.ai/
- LinkedIn https://www.linkedin.com/company/sproutai/
Related People
Niels ThonéFounder
United Kingdom -
London, England,
We are a fast-growth VC backed AI company, using proprietary software to fully automate the claims process. We work with amazing global customers, including Zurich.
FOR INSURERS, we unlock true end-to-end claims automation leading to improved efficiency and reduced costs.
FOR CUSTOMERS, we completely change the claims experience enabling clear, accurate outcomes and delivering a much faster and less stressful experience at a time when they are at their most vulnerable.
What we deliver:
+97% Accuracy in reading & understanding unstructured handwritten text (OCR)
+86% reduction in handling times (26 to 3 days)
+ Automatic Policy checking and Leakage prevention
Awards:
- 🥇 WINNER Insurance Post: Claims Collaboration of the year (Oct 2021)
https://twitter.com/Insurance_Post/status/1450499551077543943
- 🥇 FINALISTS British Insurance Awards: Claims Innovation of the Year (Sep 2021)
https://www.insuranceawards.com/shortlist-0#
▪️ Let's Connect▪️
🤝 If you are at an insurance company and looking to reduce costs and improve customer experience
📧 If you want to schedule a chat with me, send me a PM (with message)
Roi AmirFounder
United Kingdom -
ND
Sprout.ai is a fast growth insurtech AI company that is backed by Octopus Ventures, Amadeus Capital and Playfair Capital. Sprout delivers a SaaS product that is laser focused on improving the insurance claims experience through AI enabled automation.
We work in partnership with global insurance companies, such as Zurich. Sprout.ai delivers instant and accurate decisions, enabling an exceptional claim experience for policyholders in their time of need, driving high customer retention and improved claim handler efficiency.
Previously with Tractable, Roi was instrumental in scaling the customer base and revenue, working with Tier 1 insurers such as Tokio Marine in Japan and GEICO in the US and helping to secure Tractable’s Unicorn valuation in June 2021
Since joining Sprout.ai early in 2022 Roi accelerated the company revenue growth with additional customers and built a strong leadership team to prepare the company for continued growth.
RESULTS OUR CUSTOMERS ACHIEVE:
+ 45% Claims Settled in real time – Increasing handlers efficiency and end customer satisfaction
+ 97% Accuracy in Extracting Claims data, Policy Coverage Check and settlement decisions (better than human)
+ 25% increase in NPS
AWARDS:
- 🥇 WINNER Insurance Times, Technology & Innovation Award
- 🥇 WINNER Insurance Post: Claims Collaboration of the year
- 🥇 FINALISTS British Insurance Awards: Claims Innovation of the Year
- 🥇 Winner TechRound: Top 10 companies to work for
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