B

Bevaya

Cloud-based AI agent platform for insurance

Overview

Bevaya provides a cloud-based AI agent platform for insurance organizations, including carriers, brokers and third-party administrators. It automates and supports underwriting, claims, and policy servicing by extracting and validating information from insurance documents, comparing records with policy data, and routing lower-confidence work to human reviewers. The platform uses specialized document-processing models, workflow orchestration, confidence scoring, and audit trails, and integrates with insurance systems such as Guidewire. It is delivered as a managed, multi-tenant SaaS service on Microsoft Azure, with dedicated customer environments and configurable workflows. Bevaya’s agents handle processes such as submission intake, loss-run processing, claim indexing, first-notice-of-loss setup, medical-bill handling, policy comparison, and renewal work."

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About Bevaya

Simplify's Rating
Why Bevaya is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningFinancial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$43.9M

Headquarters

New York City, United States

Founded

2018

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What believers are saying

  • Bevaya reported 93.1% loss-run field accuracy on September 23, 2026.
  • August 11, 2026 Inc. 5000 recognition signals accelerating adoption across insurance accounts.
  • 120+ production deployments and 3 of the top 5 P&C carriers create strong reference leverage.

What critics are saying

  • InsurGPT benchmarks rely on Bevaya's own September 23, 2026 tests, not independent audits.
  • Any major carrier can squeeze Bevaya after September 2026 by demanding lower pricing and exclusivity.
  • Guidewire or a core-system vendor bundling similar agents threatens Bevaya's standalone platform by 2027.

What makes Bevaya unique

  • Bevaya launched May 28, 2026 as insurance-only agent platform with InsurGPT.
  • Its models train on 300M+ proprietary insurance documents and 120+ deployments.
  • Guidewire-validated indexing and human-in-the-loop governance fit carrier systems and regulated workflows.

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Funding

Total Funding

$43.9M

Below

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
$45M
$65M
$100M

Benefits

  • Remote Work Options

Company News

Deep Analysis
Oct 7th, 2026
Adlib goes vertical with an Insurtech acquisition.

Adlib goes vertical with an Insurtech acquisition. Old Chinese proverb says, if you chase two rabbits, both will escape. Deep Analysis agree. Market focus is the key to growth in a crowded market like IDP. In January of this year, the Adlib executive team hired Deep Analysis to advise on the market situation and dynamics, and Deep Analysis recommended vertical market focus as the optimal path to success in a crowded market. Last week Adlib announced the acquisition of Paperbox and its AI-native insurance intake solution. While Deep Analysis would love to take credit for the idea, Adlib was already leaning in that direction and just needed market experts like Deep Analysis to validate their instinct to go vertical. This week Deep Analysis caught up with CEO Chris Huff to talk about the acquisition and Adlib's plans. Adlib conducted a rigorous and thorough search of vertical IDP solutions, and selected Paperbox as the best fit for its AI-native architecture and expert agentic AI team. Paperbox is a Belgian software company founded in 2021 with a mission to provide agentic AI-powered document processing and mailroom automation for insurance claims and policies. The company grew to around 2 million Euros of ARR and 25 people, selling mainly within the Benelux region. The three co-founders are deep AI experts who rolled a significant portion of equity into the deal, demonstrating their long-term commitment to Adlib's strategy. Adlib will soon launch Paperbox into the U.S. insurtech market with a niche focus on the upper mid-market insurance companies. The new Adlib insurance platform will integrate Paperbox's insurance-focused user interface and agentic intake orchestration with Adlib's Transform, the data governance and provenance "trust" layer for regulated industries. Adlib will also introduce Trace, a new data lakehouse that will address customer demand to own and control all of their data, as an alternative to the vendor data lock-in customers must accept with enterprise insurtech platforms such as Guidewire and Salesforce. When Chris was brought in to Adlib last year, he was adamant that the company needed to avoid playing in the horizontal IDP market, which he colorfully described as a "killing field", a commoditized market where vendors compete on price and accuracy in a race to the bottom. Chris and I both previously worked for "horizontal" IDP companies like Kofax (Tungsten) and OpenText. We have seen so-called "vertical" strategies that were often superficial frameworks or accelerators built on the horizontal core platform and failing to deliver true industry specialization. Adlib decided to do it the right way by acquiring a specialist. Deep Analysis approves. Its Verdict Deep Analysis think the new platform could offer a unique combination of agentic document intake, data governance, and data ownership all from one vendor. Adlib has deep expertise in document automation for highly regulated industries such as insurance and life sciences, which it will leverage for Paperbox's insurance workflows. This should help reluctant insurance executives who have been rightfully concerned about trust to adopt agentic AI solutions. Adlib will face strong competition from vendors such as Indico Data and Bevaya (formerly "Roots") who are already in the market with specialized insurance intake solutions.

PR Newswire
Sep 23rd, 2026
Bevaya's insurance-trained AI hits 93% accuracy on loss runs, outperforms frontier models stuck at 78-85%

Bevaya, an AI platform for insurance, announced that its insurance-trained model achieved 93.1% field accuracy on loss runs, outperforming general-purpose AI models which scored between 78% and 85%. The benchmark tested 346 real loss runs under identical conditions. Bevaya's InsurGPT model produced nearly twice as many documents requiring no correction and processed each document in less than half the time. On critical identifiers like claim and policy numbers, it scored 86.6% versus 72.8% for general-purpose models. The company, which has delivered over 120 production deployments including at three of the top five US property and casualty carriers, trained its model on more than 300 million non-public insurance documents. In production environments with verification layers, Bevaya achieves 98% accuracy, with over 90% of loss runs completed without human intervention.

PR Newswire
May 28th, 2026
Roots Automation launches Bevaya AI platform after 115 deployments deliver $100M+ value

Roots Automation has launched Bevaya, an AI agent platform built exclusively for insurance, replacing its original Roots platform. The company has also rebranded under the Bevaya name whilst maintaining Roots Automation Inc. as its legal entity. Founded in 2018 by former AIG executives, the company has deployed over 115 production AI implementations across major insurance organisations, including three of the top five P&C carriers. Customers reported 3-4× capacity gains and 98% accuracy rates in 2025, generating over $100 million in realised value. Bevaya is powered by InsurGPT, trained on over 300 million proprietary insurance documents. The platform offers pre-built AI agents for underwriting, claims and policy servicing, alongside enterprise system integration, multimodal document intelligence and human-in-the-loop review capabilities.

Bevaya
May 28th, 2026
Roots Automation, Inc. launches bevaya, its new flagship AI Agent platform for insurance.

Roots Automation, Inc. launches bevaya, its new flagship AI Agent platform for insurance. NEW YORK, NY - May 28 2026 - Roots Automation, Inc. today launched Bevaya, a new AI Agent platform built exclusively for insurance. Bevaya delivers a new architecture, a redesigned user interface, and a set of capabilities that give carriers, brokers, and TPAs a single environment to design, deploy, and govern agentic AI across underwriting, claims, and policy servicing. Bevaya replaces the company's Roots platform and will also serve as the company's go-forward brand. Over seven years, Roots Automation, Inc. has seen demand for insurance AI grow from early adoption to enterprise scale, delivering more than 115 production AI deployments across the industry's largest organizations, including 3 of the Top 5 P&C carriers, 3 of the Top 10 brokers, and 3 of the Top 20 TPAs. The Bevaya Platform Bevaya is powered by InsurGPT(TM), the company's ensemble of specialized AI models trained on 300M+ proprietary insurance documents that understand insurance language, processes, and context the way experienced professionals do. Customers can design AI Agents alongside Bevaya's insurance process experts, with a partner, or with Bevaya's AI Assistant guiding the build on the Workflow Canvas, to triage, analyze, and recommend across end-to-end insurance workflows. "John and I spent years at AIG watching talented insurance professionals spend their days on work that technology should have been doing," said Chaz Perera, CEO and Co-Founder of Bevaya. "We built the Company originally to change that and after seven years, 115 deployments, and $100M+ in realized customer value in 2025, Bevaya is the platform that proves it's possible. Insurance people deserve better tools. Bevaya is ours." Bevaya's capabilities include: * AI Agent Library. A library of pre-built AI Agents for underwriting (submission ingestion, clearance, appetite, risk analysis), claims (triage, FNOL, coverage analysis, reserves), and policy servicing (endorsements, renewals, premium audit), and each pre-trained on real insurance work and ready to deploy. * Enterprise System Integration. Pre-built connectors for Guidewire, Outlook, and SFTP plus custom HTTP APIs for any external system. AI Agents pull data in, push structured results back, and trigger actions across your existing systems of record based on defined business rules. Alert notifications through email, Slack, or Microsoft Teams keep insurance teams informed when action is required. * AI Assistant. A context-aware copilot powered by InsurGPT(TM) that helps users build AI Agents, navigate work items, and query documents in plain language, with reasoning, confidence, and citations behind every response. * Insight Summaries. AI-generated summaries produced from every file, email, document, and activity note tailored by role and document type to support faster, better-informed decisions. * Multimodal Document Intelligence. InsurGPT(TM) now analyzes photos, diagrams, and scanned images within submissions, claims, and supporting documents extracting context that text-only AI misses. * Human-in-the-Loop and Highlight Mode. An interactive validation interface where process experts review, correct, and approve AI Agent output. A visual overlay maps every extracted data point to its exact location on the source document. Exceptions surface automatically through configurable confidence scoring, reviewer filters, and field-level business rules defined in each agent. * Work Item Dashboard. Each unit of work, such as an FNOL email or an underwriting submission package, is automatically encapsulated into a trackable, auditable Work Item that moves seamlessly between automated processing and human review. * Enterprise Governance Built-In. Role-based access controls, secure secrets management, audit trails, and environments, with flow versioning and debugging. Proven at Production Scale Founded in 2018 by two former AIG executives, Roots Automation, Inc. spent seven years building AI that holds up at the industry's largest insurers. The company has delivered 115+ production AI deployments at the industry's largest carriers, brokers, and TPAs, with all future work running on the Bevaya platform. Customers see 3-4x capacity gains, 98%+ accuracy on critical work, and measurable ROI inside the first year. Effective today, all products, services, and customer engagements will carry the Bevaya brand. Roots Automation, Inc. remains the legal entity. Learn more at bevaya.ai - - - About Bevaya Bevaya is the AI Agent platform built for insurance, by Roots Automation, Inc. Bevaya's AI Agents read, analyze, and recommend across claims, underwriting, and policy servicing, including triage and clearance, rating, coverage analysis, and next-step recommendations, with 98%+ accuracy. Powered by InsurGPT(TM), an ensemble of specialized AI models trained on 300M+ insurance documents, Bevaya brings the precision insurance work demands. Across 115+ production deployments at the industry's largest carriers, brokers, and TPAs, Bevaya's AI Agents deliver 3-4x capacity gains and measurable ROI from day one. Visit www.bevaya.ai Contact : [email protected] Share this article

PR Newswire
Apr 29th, 2025
Frontline Insurance Selects Roots' Insurance Ai Agent Platform To Enhance Claims And Underwriting Service Levels

Insurance AI agents will boost Frontline's claims and commercial underwriting processing efficiencyNEW YORK, April 29, 2025 /PRNewswire/ -- Roots, creator of the agentic AI platform for insurance and InsurGPT™, the world's first generative AI model for insurance, today announced that Frontline Insurance has chosen Roots' AI agents to enhance the efficiency of its claims and underwriting operations. Frontline is a leading multi-state Property & Casualty insurer delivering customizable solutions across the Southeastern United States.After evaluating several vendors, Frontline determined that Roots was the preferred technology provider to meet its needs. Roots' AI agents are powered by InsurGPT, which includes proprietary generative AI designed specifically for insurance. Frontline is implementing Roots across a number of functional areas to increase efficiency and allow employees to focus on more 'value add' work."Roots showcased their knowledge of the industry, bringing a level of expertise to our discussions that we were simply not getting from other vendors," said Kurt Bonigut, CIO, Frontline Insurance. "The Roots team critically understood our vision and delivered a customer centric solution. We are very excited about this partnership.""Manual processes limit insurance organizations' ability to scale teams, increase efficiencies and positively impact customer service," said Chaz Perera, co-founder and CEO of Roots

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