Snapsheet specializes in insurance technology solutions. It enables a claim process starting with virtual estimations all the way to final repairs and payment, by generating communication between consumers, shops, and carriers. The company offers a range of services including appraisals, claims management, and payments, all aimed at managing the insurance claims process. It primarily serves the insurance industry. It was founded in 2011 and is based in Chicago, Illinois.
ESPs containing Snapsheet
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The claims triage software market provides advanced tools and technologies to facilitate the triage process in insurance claims management. Claims triage involves the initial assessment and categorization of insurance claims upon first notice of loss to determine the appropriate level of attention, resources, and processing needed for each claim. Triage solutions leverage data analytics, artificia…
Research containing Snapsheet
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Snapsheet in 4 CB Insights research briefs, most recently on Aug 7, 2023.
Expert Collections containing Snapsheet
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Snapsheet is included in 5 Expert Collections, including Fintech 100.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Snapsheet News
Sep 11, 2023
Pritzker Group Investment Strengthens the Multi-Year Relationship Between Leaders in the P&C Industry Chicago, IL: July 18, 2023 — Snapsheet, an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures. Through its innovative platform, Snapsheet streamlines and expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience. Snapsheet offers a comprehensive range of appraisal, claims, and payment solutions for auto, property, and commercial insurance. They work with over 140 insurance carriers, Managing General Agents (MGAs), Third-Party Administrators (TPAs), and self-insured entities in the United States, Canada, and Europe.“This investment solidifies Snapsheet’s position as an industry leader and highlights State Farm’s commitment to fostering digital innovation within the insurance claims landscape,” said Snapsheet CEO & Founder, Brad Weisberg. “We’re eager to bring innovation to the insurance claims process and are deeply committed to making claims simpler for both carriers and their policyholders. Our focus is on improving customer experiences by providing insurance carriers with technology to drive automation, reduce costs, and improve accuracy.” “State Farm Ventures has been tracking Snapsheet for a while and is pleased to invest in them as a differentiated claims technology company,” said Michael Remmes, VP of State Farm Ventures. “Snapsheet has been a trusted relationship for a number of years, and this investment demonstrates State Farm’s commitment to customer-centric solutions that help drive innovation and streamline the claims process.” About Snapsheet Snapsheet ignited the virtual appraisals revolution and is a leader in claims management technology, empowering claims organizations to offer seamless customer experiences. Built on a foundation of claims innovation, Snapsheet boasts a swift digital insurance claims process primarily for auto, property, and commercial lines in the United States. As a trusted partner, Snapsheet collaborates with over 140 customers, encompassing some of the largest insurance carriers, TPAs, MGAs, and insurtechs. Snapsheet streamlines claims and appraisals, and scales payments through modern insurance technology. About State Farm Ventures, LLC State Farm Ventures focuses on investing in startups developing technologies and products to fulfill customer needs in ways they may not expect from their insurance company. State Farm Ventures, LLC, is a wholly-owned subsidiary of State Farm Mutual Automobile Insurance Company. © 2023 Pritzker Group. All rights reserved.
Snapsheet Frequently Asked Questions (FAQ)
When was Snapsheet founded?
Snapsheet was founded in 2011.
Where is Snapsheet's headquarters?
Snapsheet's headquarters is located at 1 North Dearborn Street, Chicago.
What is Snapsheet's latest funding round?
Snapsheet's latest funding round is Series E - III.
How much did Snapsheet raise?
Snapsheet raised a total of $121.35M.
Who are the investors of Snapsheet?
Investors of Snapsheet include Tola Capital, F-Prime Capital, Lightbank, Ping An Global Voyager Fund, Regeneration.VC and 20 more.
Who are Snapsheet's competitors?
Competitors of Snapsheet include Next Insurance, Bima Milvik, Spruce, Tractable, Groundspeed and 7 more.
Compare Snapsheet to Competitors
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Bima Milvik provides digital health solutions in the healthcare industry. The company offers services such as telemedicine, discounts on medicines and lab tests, hospital cashback, and a health wallet with points. BIMA primarily serves underserved families across South Asia, Southeast Asia, and Africa. It was founded in 2010 and is based in Stockholm, Sweden. In October 2023, CapitalSG and LeapFrog Investments acquired a majority stake in Bima Milvik.
Alan provides digital health insurance services. It develops subscription-based software for insurance. It serves companies, hotels, cafes, restaurants, and individuals. The company was founded in 2016 and is based in Paris, France.
Duck Creek Technologies offers intelligent solutions for the property and casualty insurance industry. The company's main offerings include policy lifecycle administration, a rating engine, insurance billing software, insurance claims software, and a variety of digital engagement tools. Its product portfolio includes distribution management, reinsurance management, digital management, data insights, and other services. It primarily serves the insurance sector. The company was founded in 2000 and is based in Boston, Massachusetts.
Socotra operates as a company providing technology solutions in the insurance industry. The company offers a range of products that help insurers accelerate product development, reduce maintenance costs, and improve customer experiences. It primarily serves the insurance industry. It was founded in 2014 and is based in San Francisco, California.