Insurtech: Snapsheet, which Specializes in Claims Management Technology, Receives Investment from State Farm Ventures

Snapsheet, which claims to be an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures.

Through its innovative platform, Snapsheet streamlines and “expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.”

Snapsheet offers “a comprehensive range of appraisal, claims, and payment solutions for auto, property, and commercial insurance.”

They work with over 140 insurance carriers, Managing General Agents (MGAs), Third-Party Administrators (TPAs), and self-insured entities in the United States, Canada, and Europe.

Snapsheet CEO & Founder, Brad Weisberg said:

“This investment solidifies Snapsheet’s position as an industry leader and highlights State Farm’s commitment to fostering digital innovation within the insurance claims landscape. We’re eager to bring innovation to the insurance claims process and are deeply committed to making claims simpler for both carriers and their policyholders. Our focus is on improving customer experiences by providing insurance carriers with technology to drive automation, reduce costs, and improve accuracy.”

Michael Remmes, VP of State Farm Ventures, said:

“State Farm Ventures has been tracking Snapsheet for a while and is pleased to invest in them as a differentiated claims technology company. Snapsheet has been a trusted relationship for a number of years, and this investment demonstrates State Farm’s commitment to customer-centric solutions that help drive innovation and streamline the claims process.”

As noted in the update, Snapsheet ignited the virtual appraisals revolution and claims it is “a leader in claims management technology, empowering claims organizations to offer seamless customer experiences.”

Built on a foundation of claims innovation, Snapsheet boasts “a swift digital insurance claims process primarily for auto, property, and commercial lines in the United States.”

As a trusted partner, Snapsheet collaborates “with over 140 customers, encompassing some of the largest insurance carriers, TPAs, MGAs, and insurtechs.”

Snapsheet streamlines claims and appraisals, and “scales payments through modern insurance technology.”

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