ClaimSorted, founded in 2024, is an AI-first Third-Party Administrator (TPA) that provides claims processing services to insurance companies. The company has raised over $16 million in funding and operates across the US, UK, and Europe, serving more than 30 managing general agents (MGAs) and carriers.
The company's core product is an AI-powered claims processing platform that automates fraud detection, compliance verification, claim decision-making, and financial payouts. The platform maintains human oversight for complex cases and claims to deliver processing up to three times faster than traditional TPAs. ClaimSorted reports a claims leakage rate below 1.2% and a reopen rate below 1.0%.
ClaimSorted's technical work spans artificial intelligence, machine learning, fraud detection, compliance verification, and claims processing automation. The founding team includes industry veterans with experience at Hiscox, Lemonade, AXA, Hartford, and Liberty Mutual.
