Owl.co

Owl.co

Customer insight solutions for insurance claims

About

Owl.co provides customer insight solutions tailored for the insurance industry, focusing on improving the claims process for bodily injury claims. The platform uses data analytics and machine learning to analyze both structured and unstructured data, allowing insurance companies to access unbiased information about claimants. This helps insurers make quicker and more informed decisions, ultimately leading to faster resolutions for claimants. Unlike its competitors, Owl.co emphasizes the use of advanced technology to streamline the claims process, reducing delays and inaccuracies that often plague the industry. The company's goal is to enhance the efficiency and fairness of claim processing, benefiting both insurers and claimants.

Company Stage

Series B

Employees

51-200

Industries

Data & Analytics, Enterprise Software, Financial Services

Total Funding

$32.7M

Headquarters

Vancouver, Canada

Founded

2018


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Simplify's Take

What believers are saying

  • Owl.co raised $30M to expand in the US and Canada.
  • Increased AI adoption in insurance boosts demand for Owl.co's platform.
  • Owl.co's SaaS model aligns with the rise of digital-first insurance companies.

What critics are saying

  • Emerging insurtech startups increase competition for Owl.co.
  • Rapid tech advancements may strain Owl.co's resources to stay competitive.
  • Data privacy concerns could impact Owl.co's North American operations.

What makes Owl.co unique

  • Owl.co uses AI to provide unbiased insurance claim insights.
  • The platform analyzes both structured and unstructured data for comprehensive insights.
  • Owl.co ensures data security while leveraging disruptive technologies for insurance claims.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-7%

2 year growth

-2%

Benefits

Competitive compensation

Stock options

Medical, dental, vision, & disability insurance

401k

PTO

Personal development

Hybrid working environment

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