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Snapsheet

Cloud-based SaaS claims processing platform

Overview

Snapsheet provides a cloud-based claims processing platform for auto and property insurance. Its SaaS system handles the full claims workflow—from FNOL to settlement—adding features like virtual appraisals and digital payments with a digital customer experience. Insurers use the platform to automate processes, accelerate appraisals, and manage settlements within a single cloud-native system, supported by a partner ecosystem. The goal is to help carriers reduce claim cycle times, improve accuracy, and deliver better customer experiences at scale.

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About Snapsheet

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

Industries

Data & AnalyticsEnterprise SoftwareFinancial Services

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$111.6M

Headquarters

Chicago, IL

Founded

2011

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Simplify's take

What believers are saying

  • Aspire General migrated in 90 days and reported instant data replication in 2025.
  • Branch Insurance adopted voice AI FNOL, showing 65% adoption and 70% cost savings.
  • Snapsheet keeps winning integrations in 2025, including ION, CrashBay, Liberate, and Claimtouch.

What critics are saying

  • Guidewire ClaimCenter dominates enterprise claims, squeezing Snapsheet in larger carrier deals.
  • Snapsheet relies on insurance workflows; a major platform outage would halt claims operations.
  • AI partners like Liberate, Floatbot, and Kyber commoditize Snapsheet’s differentiation within twelve months.

What makes Snapsheet unique

  • Celent named Snapsheet a 2026 Luminary, one of six top claims systems.
  • Snapsheet AI ships natively, using no-code prompt configuration and 90-day go-live claims automation.
  • Snapsheet unifies FNOL, appraisals, payments, and settlement across auto and property lines.

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Funding

Total Funding

$111.5M

Below

Industry Average

Funded Over

9 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Short Term Disability
  • Long Term Disability
  • Life Insurance
  • Accident Insurance
  • Hospital Indemnity
  • Critical Illness
  • Legal Assistance
  • 401(k) Retirement Plan
  • 401(k) Company Match

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Jul 7th, 2026
Snapsheet named Luminary in Celent's 2026 North America P&C claims systems report

Snapsheet has been named a Luminary in Celent's 2026 North America P&C Claims Systems report, the highest distinction amongst 66 evaluated systems. The cloud-native claims management platform was assessed on advanced technology, breadth of functionality, and customer base and support. The recognition coincides with the launch of Snapsheet AI, a native AI infrastructure that can be deployed within 90 days through no-code configuration. The company serves over 75 property and casualty carriers, third-party administrators, and managing general agents. Snapsheet's customer base has grown 60% year over year, spanning auto, property, and multiline commercial claims. The platform aims to replace legacy systems with integrated, cloud-native technology built for the full claims lifecycle.

PR Newswire
May 7th, 2025
Liberate And Snapsheet Announce Seamless Integration To Streamline Claims With Ai-Powered Automation

PALO ALTO, Calif., May 7, 2025 /PRNewswire/ -- Liberate, the leading conversational voice AI platform designed to transform the insurance industry, has announced a new partnership and pre-built integration with Snapsheet, an industry leader in modern claims management technology. This collaboration allows insurance carriers to go live with a fully automated, AI-driven claims experience—without the heavy lift.With this integration, Snapsheet customers can easily add Liberate's conversational voice AI into their claims workflows, delivering fully automated first notice of loss (FNOL), claim status updates, and document requests—24/7, with zero hold times. The result is a faster, more affordable path to claims automation that doesn't require additional headcount or complex implementation."Liberate exists to help insurers break free from the inefficiencies and rising costs of manual work and deliver 5-star service at a fraction of the cost," says Amrish Singh, CEO and co-founder of Liberate. "Together with Snapsheet, we're giving insurers the ability to transform claims operations—within days, not months—and delight customers with always-on, conversational AI that gets things done."Snapsheet customers can now deploy voice-powered digital claims experiences using Liberate's pre-integrated platform, without writing a single line of code. This plug-and-play approach enables carriers to automate repetitive, high-volume tasks like FNOL intake and status checks, while maintaining compliance and delivering a human-like customer experience.Branch Insurance, a long-time Snapsheet customer, is already reaping the benefits of the integration and has achieved a 65% adoption rate for its new Voice AI + Digital FNOL claim reporting and a substantial 70% cost savings with Liberate."The integration with our claim system has improved data integrity and enhanced the vendor assignment process, leading to more consistent claim outcomes. These capabilities enable real-time data sharing that accelerates the entire claim process, which not only enhances accuracy, but also provides a much better customer experience," says Charlie Wendland, Chief Claims Officer at Branch."Liberate is a great, natural fit for Snapsheet's ecosystem considering we share a common vision and Liberate's technology/solution possesses tremendous strength and utility," says David Beck, Business Operations Manager, Snapsheet

PR Newswire
Feb 27th, 2025
Snapsheet And Crashbay Partner To Streamline Claims And Repair Management For Insurers

CHICAGO, Feb. 27, 2025 /PRNewswire/ -- Snapsheet, a leader in claims management technology, is excited to announce a strategic partnership with CrashBay, an advanced repair management platform, to enhance efficiency and transparency in the claims and repair process for insurers

PR Newswire
Aug 17th, 2023
Koffie Financial, Snapsheet Partner To Transform Claims Management In Trucking

Innovative collaboration aims to enhance customer experience and improve loss ratio with breakthrough claims management technologyBROOKLYN, N.Y., Aug. 17, 2023 /PRNewswire/ -- Koffie Financial , a vertically integrated financial services platform for the trucking industry, has teamed up with Snapsheet , the pioneer in cloud-based claims management software, to transform the way claims are processed in the trucking sector. This strategic partnership aims to enhance Koffie Financial's claims management capabilities, improve loss ratio, and deliver an exceptional customer experience.In the trucking industry, accidents are all too common, with the Federal Motor Carrier Safety Administration (FMCSA) reporting an average of 500,000 accidents per year. These incidents result in significant delays and financial losses for businesses. To address these challenges, Koffie Financial has deployed Snapsheet's innovative claims management platform, leveraging customer-centric technology and intelligent automation to streamline and optimize the claims journey.By implementing Snapsheet's platform, Koffie Financial has already achieved remarkable improvements in key performance indicators. Early data shows an impressive close ratio, exceeding industry standards by 25%

FinSMEs
Jul 19th, 2023
Snapsheet Receives Investment from State Farm Ventures

Snapsheet, a Chicago, IL-based claims management technology company, received an investment from State Farm Ventures

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