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§ Private Profile · 1 washington park 7th floor newark, new jersey 07102, USA
Technology company offering an app-based platform that allows users to book various on-demand services directly through their application.
Consumers and everyday users can book various on-demand services through the centralized app-based platform operated by the technology company Claim it! Although the organization functions within the broader digital marketplace sector, its exact headquarters location, corporate structure, and specific service categories remain completely undisclosed. Due to a complete lack of publicly disclosed operational metrics, specific details regarding the enterprise's primary business model, target industry sectors, and core customer demographics are currently unavailable. Furthermore, essential financial figures such as total funding raised, current market valuation, employee headcount, and active user counts have not been released to venture capital markets, private investors, or the general public. At this time, the exact founding year, the identities of the original founders, and any recognizable institutional investors or corporate partners behind the digital platform have not been publicly confirmed.
Claim it! has raised $3.0M across 1 funding round.
Claim it! has raised $3.0M in total across 1 funding round.
Claim it! has raised $3.0M in total across 1 funding round.
Claim it!'s investors include Newark Venture Partners, Reform Ventures, Al Harrington, Steve Sadove, Thaddeus Young, Infor.
Claim it! has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in August 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2017 | $3M Seed | Newark Venture Partners | Reform Ventures, AL Harrington, Steve Sadove, Thaddeus Young, Infor | Announced |
Claim Technology is a London-based insurtech company founded in 2018 that builds an embedded claims platform for insurance and finance companies.[1][3][4] It offers no-code/low-code design tools, cloud-based claims administration, API integrations, and a marketplace of over 70 AI insurtech plugins to automate claims processes, reduce costs, and enhance customer experiences.[1][3] The platform serves insurers, brokers, MGAs (managing general agents), TPAs (third-party administrators), and law firms, solving inefficiencies in claims handling like high indemnity leakage, operating expenses, and poor self-service by enabling rapid digital transformation via shortcode or API embeds.[1][3]
Growth momentum includes winning the 2019 Technology Innovation of the Year award and partnerships with insurtechs for AI-driven features like fraud detection and chatbots achieving up to 95% zero-touch self-serve completion rates.[3][4] Its latest funding was an Incubator/Accelerator round, positioning it as a key enabler in the insurtech ecosystem.[1]
Claim Technology was founded in 2018 in London, UK, by Jonty Hurwitz, Michael Lewis, and Ashley Preece.[1][4] Jonty Hurwitz, an engineer, artist, and serial entrepreneur, previously designed Wonga.com's technology, AI investment analyst Vesti.ai, and holds a Guinness World Record for nanotechnology sculpture; he focuses on disruptive projects challenging norms.[4] Michael Lewis brings 20+ years from Goldman Sachs and IBM, plus CEO/CIO/COO roles in smaller firms, emphasizing innovative company structures.[4] Ashley Preece, a Pearson Business School graduate with first-class honors, researches insurance gaps in disaster-prone regions and aims to simplify insurance access.[4]
The idea emerged from identifying rigid claims processes in insurance, leading to a platform that embeds modern tools without heavy builds. Early traction came via the 2019 Technology Innovation award for its insurance bot store and rapid adoption by operations/IT teams for cloud automation.[3][4]
Claim Technology rides the insurtech wave, where AI, cloud, and no-code tools address legacy insurance systems amid rising digital demands post-pandemic.[1][3] Timing aligns with market forces like regulatory pushes for faster claims (e.g., consumer protection rules) and AI adoption for fraud/complexity, with global insurtech funding rebounding.[1] It influences the ecosystem by democratizing access to specialized tools for smaller players like MGAs/brokers, fostering composable architectures where insurers mix-and-match via APIs rather than monolithic builds.[3] This shifts power to agile, customer-first models, reducing the $40B+ annual claims leakage industry-wide.
Claim Technology is poised to expand as embedded insurance grows, potentially integrating more generative AI for predictive claims and deeper finance sector plays.[3] Trends like open banking APIs and real-time data will amplify its marketplace, while regulations favoring transparency boost no-code compliance tools. Its influence may evolve from niche automator to ecosystem orchestrator, claiming a larger share of the $7T insurance market by enabling "drive progress, create change."[1][3] As insurtech consolidates, expect partnerships or acquisitions accelerating its global reach—solid momentum for investors eyeing automation winners.