The potential offered by AI to settle claims more accurately, detect fraud signals, and make payments faster is huge. It will also help the reputation of insurers, as the public love to complain about slow claims processing. Good to see a new start-up getting funding, here’s the word;
ClaimSorted, the next-generation claims Third Party Administrator, today announced a $13.3million seed funding round, one of the largest Insurtech seed rounds on record.
ClaimSorted is a digital claims TPA that offers a five-star experience to policyholders while helping insurance companies cut operational and indemnity costs. Since the firm was founded by Pavel Gertsberg and German Mikulski last year, ClaimSorted has partnered with more than 20 insurers across the US, UK, and EU, serving tens of thousands of policyholders.
The round was led by Atomico, with participation from Eurazeo, Y Combinator, firstminute capital, Start Ventures Capital, and a network of prominent insurance veterans. The new funding will accelerate product development, expand operations across key global markets, and scale partnerships with insurers seeking a modern alternative to legacy TPAs.
Gertsberg said: “Ask anyone in insurance where the weakest link is, and most will point to claims TPAs. By combining a market leading claims team with a suite of embedded AI agents, we’re able to provide policyholders with a 5-star experience during the claims process, settle claims three times faster than traditional TPAs while helping insurance companies save millions.”
The company was born out of firsthand frustration. While running their own insurance business, founders Pavel Gertsberg and German Mikulski relied on TPAs to process claims, but kept running into the same issues insurers face across the board: claims that should take a week dragged on for months, inconsistent service hurt customer retention, and poor claims management by TPAs eroded profitability.
“Claims aren’t just a cost centre, they’re the moment of truth in the insurance journey,” added Gertsberg. “With this funding, we’re doubling down on helping insurers turn claims into their biggest asset.”
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