EvolutionIQ offers a claims guidance platform for insurance carriers. It enables claim handling for complex lines of coverage and offers a deep partnership between skilled professional adjusters. EvolutionIQ was formerly known as DeepFraud AI. The company was founded in 2019 and is based in New York, New York.
ESPs containing EvolutionIQ
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…
EvolutionIQ's Products & Differentiators
Focused on monitoring Disability Claims in real time to identify which claims no longer meet the definition of disabled so examiners can focus on claims that can be resolved and reduce investment on low priority claims
Research containing EvolutionIQ
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned EvolutionIQ in 3 CB Insights research briefs, most recently on Jan 23, 2023.
Expert Collections containing EvolutionIQ
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
EvolutionIQ is included in 5 Expert Collections, including Insurtech.
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 EvolutionIQ News
Oct 26, 2023
Guidewire Software : Partners with EvolutionIQ to Transform Workers Compensation Claims Processes October 26, 2023 at 08:02 am EDT Share Guidewire Partners with EvolutionIQ to Transform Workers Compensation Claims Processes Guidewire and EvolutionIQ announced that EvolutionIQ has joined Guidewire PartnerConnect as a new Solution partner. SAN MATEO, Calif. and NEW YORK, October 26, 2023 Guidewire (NYSE: GWRE) and EvolutionIQ announced that EvolutionIQ has joined Guidewire PartnerConnect as a new Solution partner. The Built by Guidewire integration will allow Guidewire users to harness EvolutionIQ's Claims Guidance within ClaimCenter, providing a unified workflow for users and streamlining data transmission between systems. Guidewire has also made a strategic investment in EvolutionIQ, renewing its mission to support companies across the insurance ecosystem that offer innovative solutions to its customer base. The strategic partnership combines market-leading technologies to help insurers transform their claims processes, helping sick and injured claimants recover and return to work faster while reducing claim losses and expenses. EvolutionIQ's artificial intelligence (AI)-powered Claims Guidance actively monitors open insurance claims to guide frontline operators to claims that require more attention, new actions, or complex decision-making. With this guidance, claims handlers can provide more accurate decisions, deliver enhanced claimant experience, and manage claim durations cost effectively. "EvolutionIQ is delighted to partner with Guidewire and make it easier for our shared customers to leverage AI in the claims handling process," said Tom Vykruta, co-Founder & CTO, EvolutionIQ. "This partnership represents an endorsement of Claims Guidance by a leading global insurance leader, with the scale and reputation to influence industry technology standards and trends now and in the future," Vykruta further observed. "We are excited to welcome EvolutionIQ as a new Solution partner and combine the power of Guidewire Cloud with the insight and efficiency of EvolutionIQ's Claims Guidance," said Roger Arnemann, General Manager & Senior Vice President, Analytics, Guidewire. "Just as we're constantly evolving our own platform to anticipate customer needs, we seek partnerships that will help our customers transform their operations. Making EvolutionIQ part of the Guidewire ecosystem is part of that ongoing commitment." About EvolutionIQ EvolutionIQ pioneered Claims Guidance in 2019. Its explainable AI guides insurance claims professionals to their highest potential impact claims, improving the claimant experience and delivering better claim outcomes to claimants, carriers and their customers. EvolutionIQ serves the group disability, individual disability and workers' compensation markets worldwide. EvolutionIQ's AI native products have been adopted by 70% of the top 15 U.S. disability carriers and a growing list of workers' compensation carriers. The New York-based company employs 120 staff across the United States, Europe and Australia. For more information, visit www.evolutioniq.com and follow the company on LinkedIn. About Guidewire PartnerConnect ecosystem andBuilt by Guidewire Guidewire's solution ecosystem is the largest in the P&C industry, with over 185 solution partners providing over 215 integrations in the Guidewire Marketplace. Guidewire PartnerConnect Solution partners provide software, technology, and data solutions as well as insurance support services. Our Solution partners help drive business value and innovation for insurers by developing and delivering integrations, extensions, apps, and other complementary solutions for Guidewire products. Built by Guidewire apps are standardized integration solutions, pre-built and managed by Guidewire that speed the delivery and maintenance of common integrations. These integrations are kept current with the latest product and vendor releases and leverage Guidewire's Integration Framework and latest third-party technologies, fully aligned with Guidewire Cloud Standards. Where available, under an optional services agreement, Guidewire can provision, configure, parameterize, maintain, and perform annual upgrades of the integrations for customers. For more information, please visit the Guidewire Marketplace. For more information about Guidewire PartnerConnect, please visit http://www.guidewire.com/partners. About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with more than 1,600 successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation. For more information, please visit www.guidewire.com and follow us on X (formerly known as Twitter) and LinkedIn. Global Media Contact
EvolutionIQ Frequently Asked Questions (FAQ)
When was EvolutionIQ founded?
EvolutionIQ was founded in 2019.
Where is EvolutionIQ's headquarters?
EvolutionIQ's headquarters is located at 27 West 24th Street, New York.
What is EvolutionIQ's latest funding round?
EvolutionIQ's latest funding round is Corporate Minority.
How much did EvolutionIQ raise?
EvolutionIQ raised a total of $40.2M.
Who are the investors of EvolutionIQ?
Investors of EvolutionIQ include Guidewire Software, First Round Capital, Amasia, Foundation Capital, Brewer Lane Ventures and 13 more.
Who are EvolutionIQ's competitors?
Competitors of EvolutionIQ include CLARA Analytics and 5 more.
What products does EvolutionIQ offer?
EvolutionIQ's products include IQInvestigate and 1 more.
Who are EvolutionIQ's customers?
Customers of EvolutionIQ include Reliance Standard and Argo Group.
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