🌟 Sprout.ai has raised £5.4m from global investors to transform claims processing! 🌟 With our vision to 'Make every claim better' this round led by Amadeus Capital Partners and Praetura Ventures will allow us to continue to invest in product innovation and AI, drive forward our go-to-market strategy and accelerate growth. Thank you to Capricorn Capital Partners UK, Forefront Venture Partners, Verstra Ventures and Portfolio Ventures Angel Fund who also joined this round, as well as the continued support of our existing investors, Octopus Ventures, Playfair and Techstars. https://lnkd.in/egdEkz3f
Sprout.ai
IT Services and IT Consulting
London, England 4,501 followers
AI powered insurance claims automation
About us
The most intelligence claims automation platform. Sprout.ai’s powerful AI-driven technology delivers fast and accurate claims decisions. Turning claims delays into real-time resolutions. Sprout.ai is used by leading insurers across the globe including AXA, Metlife and AdvanceCare. Described as the brain behind the scene, Sprout.ai reduces the burden on claims handling teams and enables better claims experiences, driving high customer retention and improved efficiency. It typically takes insurers 25-30 days to process a claim. With Sprout.ai insurers have been able to process 60% of their claims straight through, with a 98% accuracy.
- Website
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http://www.sprout.ai
External link for Sprout.ai
- Industry
- IT Services and IT Consulting
- Company size
- 51-200 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2018
- Specialties
- AI, Fraud detection, Insurance, and Claims automation
Locations
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Primary
Spaces, 25 City Road
London, England EC1Y 1AA, GB
Employees at Sprout.ai
Updates
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🛠 Want to streamline your claims operations with AI? Our new whitepaper dives into first-hand insights from 20 claims leaders on how AI is transforming claims processes—from automation to fraud prevention. 🔍 Learn what works, what doesn’t, and how to maximise AI’s potential! 🚀 🔗 Download the report now: https://lnkd.in/ep5bpAVV #AI #Insurance #digitaltransformation #Claims
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Just 1 week to go until #ITCVegas! 🚀 Make sure to reach out to Roi Amir, Greg Adams & Oliver Savage if you are attending. They would love to connect! 👏
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According to the 2024 Capgemini report, 62% of insurance executives believe AI enhances underwriting and reduces fraud. However, only 8% are fully harnessing its power. In our latest blog, we explore 8 ways AI can improve underwriting. From processing data faster to enhancing fraud detection and boosting accuracy, Sprout.ai are helping underwriters with smarter decision-making and streamlined processes. 💡 📖 Read the full blog now to learn more: https://lnkd.in/eYTF8-2W #Insurance #AI #Underwriting #Automation #Insurtech
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🚨 AI is transforming insurance claims! Learn from the experts: 20 senior claims leaders share their challenges, successes, and strategies for AI adoption. 💬 Whether you want to boost customer satisfaction, prevent fraud, or streamline operations, this whitepaper has the answers. 📥 Get your copy today: https://lnkd.in/eg6gqSvM #AIinClaims #InsuranceLeaders #Innovation
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💡 How is AI reshaping claims? We interviewed 20 claims leaders from general insurance, Lloyd’s, and third-party adjusting services to find out! 📊 Get real-world lessons on fraud detection, decision-making, and integrating AI into claims operations. 💻 📥 Download your free copy today: https://lnkd.in/eSDKyZer #AIadoption #fraudprevention #claims #innovation
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📊 47% of claims handlers have spotted suspicious documents in claims worth £501 to £1,000, which they suspect to be AI-generated or altered. Meanwhile, 19% believe up to 25% of claims involve fake documents created with AI. 🤖 The landscape is changing fast. Are you prepared? Download a copy of our latest research report: https://lnkd.in/eW33tgTu #Insurance #Fraud #Innovation #AI
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🚀 The Business Case for AI in Claims: Our latest research launching today dives into the real-world experiences of 20 senior claims leaders building a business case for AI. We interviewed Senior Claims leaders from general insurance, Lloyd’s, and third-party adjusting services to explore how AI is being applied in claims. Discover what’s working, the challenges they faced, and how AI can revolutionise your operations. Whether you aim to streamline processes or enhance customer satisfaction, this whitepaper provides actionable insights and guidance for maximising AI’s potential from those on the frontlines. 🌟 Thank you to Camelot and all who participated! 👉 Don't miss out on exclusive insights—download the whitepaper now: https://lnkd.in/e9GJ8kjt #AI #claims #insuranceinnovation
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🤝 This morning we hosted senior claims leaders from general insurance, Lloyd’s, and third-party adjusting services to launch our latest research: Building a business case for AI in Claims. Over the last couple of months we have been interviewing senior leaders in claims to gain practical insight on how they are building business cases for AI in their organisation, many of whom we were thrilled to host today! We hosted a peer learning session to share insights from the report as well lead a discussion with Camelot on how to resolve some of the challenges leaders were facing. Thank you for joining us: Scott Cadger, Martin Turner, Jason White, Ian Rowe, Anton Ossip, Adobea A., Rebecca Hartley, Nick Doyle, Susan Crouch, emma jones, Jonathan Pestell, Robert Kastner & Joe Barnard! 👏 👉 Interested in reading the report: https://lnkd.in/e9GJ8kjt
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This week we welcome Sho Okamoto as Senior Data Scientist! 👏 Sho is a Data Scientist with a background in economics and over 15 years of experience. In his career, he has enjoyed the opportunity to think creatively and technically, solving real-life problems. Sho is excited to be joining Sprout.ai and continue his work on computer vision and generative AI solutions. Welcome to the team Sho, we're delighted to have you on board! #NewJoiner #Insurtech #Innovation #Insurance #Claims