ClaimSorted secures investment to revolutionize the insurance claims process through AI-driven Third-Party Administration, addressing inefficiencies in a $342 billion market.
Information on the Target
ClaimSorted is an innovative Third-Party Administrator (TPA) specializing in insurance claims processing. By leveraging artificial intelligence (AI), ClaimSorted is transforming the claims handling experience, addressing the pain points that have long plagued insurers. With a focus on efficiency, transparency, and improved customer interactions, the company positions itself as a modern solution in a complex industry.
The global TPA market is valued at $342 billion, yet it is still hindered by manual processes and outdated technological infrastructures. ClaimSorted aims to disrupt this traditional landscape by providing a comprehensive service offering that enhances the claims experience for policyholders and insurers alike.
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Industry Overview in the Target’s Specific Country
The insurance industry is undergoing significant changes, driven by technological advancements and shifting consumer expectations. In particular, the claims management segment has been identifi
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