Snap Claim is the platform behind the 60-second mobile claim: the policyholder files in under a minute, and Snap Claim's AI adjudicates in the background, cutting carrier loss-adjustment expense while giving claimants a claim that feels like a payments app.
memo
3. Detailed Memo
Snap Claim
Snap Claim is the claims-first insurtech behind the 60-second mobile claim: a policyholder files in under a minute, and Snap Claim's AI triages, enriches and adjudicates in the background so carriers settle routine claims faster, cheaper and with less fraud leakage.

Cover
Problem
For a routine claim, most of what a carrier pays is handling, not loss: $40 to $90 of loss-adjustment expense per claim, and days to weeks to close.
Solution
Snap Claim collapses the routine claim to a 60-second phone flow and straight-through adjudication, better for the claimant and structurally cheaper for the carrier.
Product
FNOL capture, an AI triage engine, straight-through adjudication and settlement, embedded inside the carrier's book.
How it works
Snap, triage, enrich, adjudicate, pay. First payment in 19 hours against a 6.2-day carrier baseline.
Value proposition
Better than an in-house build, a legacy TPA or a single-point AI tool: Snap Claim owns the whole claim end to end.
Features
60-second FNOL, AI triage, straight-through adjudication, instant settlement, carrier-grade model governance.
Why now
LAE at multi-year highs, adjudication AI past the STP bar, policyholders expecting a payments-app claim.
Market
A $42B US LAE-automation TAM, an $11B high-frequency SAM, a $310M five-year SOM.
Business model
$6.00 SaaS plus $3.60 LAE-share per claim, $9.60 blended, 74% gross margin rising to 82%.
Go to market
Carrier-first enterprise landing, then embedded expansion across lines inside a live book.
Team
Daniel Goddard ran claims ops at a top-5 carrier. Priya Nair, document AI. Marcus Ellison, FCAS.
Competitive advantage
The only platform that owns the claim end to end, across lines, sold to carriers and priced on LAE saved.
Roadmap
Seven carriers to 52, STP 41% to 61%, EBITDA-positive by Year 3.
Forecast
Revenue from $8.4M today to $87.5M in Year 3, EBITDA-positive in Year 3.
Ask
Raising an $18M Series A at $90M post to scale the platform behind the 60-second claim.













