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EvolutionIQ

AI-powered claims guidance platform for insurance carriers.

Discussion
aidata-analyticsenterprise-softwareinsurancesoftware-development

Company facts

Founded
2019
Employees
200
Headquarters
United States
CEO
Mike Saltzman, Jonathan Lewin
Type
Private
Funding
Series C · $20.2M · 2024

About

Our customers in the insurance industry often face the challenge of managing a high volume of complex claims, leading to potential inefficiencies, increased costs, and a less than optimal experience for claimants. This is why we developed an AI-powered claims guidance platform. Our mission is to equip claims professionals with the tools they need to do their absolute best work, so that injured individuals can recover faster and rebuild their lives. We understand that claims can be more than just a cost center; they can be a catalyst for innovation and positive change. Our technology empowers claims professionals to identify critical patterns earlier, improve decision-making, and ultimately change lives by helping injured and disabled individuals return to work faster while reducing unnecessary costs for insurers. We turn messy claims data into a clear action plan, freeing up claims teams to focus on what they do best: helping people through tough times. EvolutionIQ's platform is designed to improve claims processing, track team productivity, and find fraud trends by reducing reserves and losses, cycle times, and adverse events, while lowering expenses and increasing customer satisfaction. This allows our clients to get a fraud detection dashboard and makes insurance more fair, transparent, and affordable. We serve various markets including group disability, individual disability, workers' compensation, auto liability, general liability, life underwriting, and voluntary benefits. Since our founding in 2019, we have been delivering a significant, measurable impact on claims performance for many of the largest insurers in the U.S., helping hundreds of thousands of injured Americans get back to work and their productive lives. In January 2025, EvolutionIQ became part of CCC Intelligent Solutions, the leading cloud platform provider for the insurance economy. This partnership is about scaling up our efforts and enhancing our ability to deliver value. Our leadership team remains the same, and our focus on customer value is stronger than ever. Together with CCC, we will help insurers leverage AI to improve their services and help people's lives.

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