deck

2. Pitch Deck (15 slides)

Slide 1 - Cover (TTA layout)layout: title_hero · 16:9
Snap Claim
The platform behind the 60-second claim.
Slide 2 - Problem (TTA layout)layout: problem_split · 16:9
the problem
A routine claim stuck on a broken process
01
Handling, not loss, is the cost
A simple auto or property claim carries $40 to $90 of loss-adjustment expense in intake, triage, document chasing and adjuster touch, before a dollar of loss is paid.
02
Speed is capped by manual touch
Routine claims take days to weeks to close. Every handoff adds cost and delay, and the ceiling is adjuster headcount.
03
Trust breaks at the worst moment
The claim is the worst moment of the policy. Policyholders wait on hold and fill forms while expecting a claim to feel like a payments app.
6.2 days
Carrier baseline time to first payment on a routine claim, against 19 hours on Snap Claim. Days of waiting at the policy's worst moment.
Time to pay
Slide 3 - Solution (TTA layout)layout: solution_image_left · 16:9
the solution
Snap Claim owns the whole claim
A 60-second phone claim plus AI adjudication, embedded in the carrier's book. The policyholder snaps the damage and answers three prompts, and Snap Claim triages, enriches and adjudicates in the background. Carriers settle routine claims faster, cheaper and with less fraud leakage.
Slide 4 - Product (TTA layout)layout: product_split · 16:9
the product
One claim, four automated steps
01
Capture
The policyholder files in under a minute: snap the damage, answer three prompts. Clean first-notice-of-loss data with no call center and no forms.
02
Triage and enrich
The engine scores complexity and fraud signal, then pulls third-party data to build the claim file automatically. No adjuster chase for documents.
03
Adjudicate and pay
Straight-through adjudication settles 41 percent of claims with no adjuster touch. The rest route to a human with the file already built. Payment lands in hours.
The capture flow is the wedge. Triage, adjudication and settlement compound across every claim on the carrier's book.
Slide 5 - How it Works (TTA layout)layout: how_it_works · 16:9
How it works
From snap to payment in one flow
Step 01
Snap
The policyholder photographs the damage and answers three prompts. First notice of loss is captured in under a minute, no call, no form.
Step 02
Triage
The engine scores complexity and fraud signal and routes the claim. The carrier sees a decision path the moment the claim lands.
Step 03
Enrich
Third-party data and documents attach automatically. The claim file builds itself, with no adjuster chasing paperwork.
Step 04
Adjudicate
Straight-through adjudication clears routine claims with no adjuster touch. Complex claims route to a human with the file already built.
Step 05
Pay
Payment settles to the policyholder in hours, not days. The loss-adjustment expense removed is documented and shared back to the carrier.
One flow, straight-through where it can be, human where it must be, cost off the carrier's books at every step.
Slide 6 - Value Proposition (TTA layout)layout: value_prop · 16:9
Value proposition
How carriers automate claims today
Current Solutions
In-house build
  • Full control of the roadmap
  • Years to ship, not AI-native
  • Diverts core engineering
  • Covers one book only
Legacy TPA
  • Proven claims operations
  • Adjuster-centric, not automated
  • Manual cost stays in the system
  • No 60-second claimant flow
Single-point AI tools
  • Strong at one narrow step
  • Estimation or OCR only
  • No end-to-end adjudication
  • Carrier integrates the rest
  • 60-second claimant FNOL
  • Straight-through adjudication
  • End to end, intake to settlement
  • Multi-line, priced on LAE saved
Three partial answers and one empty quadrant: claimant-first plus end-to-end plus multi-line. Snap Claim occupies it.
Slide 7 - Features (TTA layout)layout: product_split · 16:9
Features and benefits
What the platform does for carrier and claimant
01
60-second FNOL capture
Snap the damage, answer three prompts, done. The claimant gets a payments-app experience instead of a call center and a fax.
02
Straight-through adjudication
AI triages, enriches and decides routine claims with no adjuster touch, at 41 percent of volume today and rising as coverage deepens.
03
Per-claim pricing
$6.00 platform fee on every claim processed, plus a $3.60 share of the loss-adjustment expense removed. Billed to the carrier, no seat licenses.
04
Fraud and enrichment
Fraud signal and third-party data build the claim file automatically and cut leakage, lifting realized value per claim without touching the headline fee.
05
Carrier-embedded integration
Snap Claim plugs into the carrier's book and settlement rails, so the capability ships without the carrier building or maintaining it.
Why now
The claim just became automatable at scale
01
LAE is now a board-level line
US P&C loss-adjustment-expense ratios hit multi-year highs after the 2022 to 2024 inflation and severity shock. Cost-to-serve is now a board priority.
02
Adjudication AI crossed the bar
Document AI and LLM-based decisioning cleared the reliability threshold for straight-through processing on low-complexity claims. Automation is finally safe to ship.
03
Policyholders expect a payments app
Claims are a persistent weak point on carrier customer satisfaction. Buyers now expect a claim to feel like a payments app, not a fax, and carriers will buy that capability rather than build it.
Market opportunity
A $42B market with a high-frequency core
TAMSAMSOM
$42BUS P&C LAE automatable
US P&C loss-adjustment-expense pool addressable by automation, 2025
Roughly $95B of annual US P&C LAE, of which about 44 percent is automatable intake, triage and routine adjudication spend.
$11BHigh-frequency, low-mid complexity
Personal-lines and small-commercial STP slice
The high-frequency, low-to-mid-complexity lines where straight-through processing applies and carriers will use a third-party platform.
$310MSnap Claim obtainable by year five
About 3 percent of SAM, roughly 52 carriers at forecast ACV
The five-year obtainable slice on the growth path that reaches $87.5M revenue in Year 3 and compounds from there.
Slide 9 - Business Model (TTA layout)layout: business_model · 16:9
business model
Per-claim revenue, positive from claim one
Main income
Platform fee plus LAE share
A $6.00 SaaS fee on every claim processed plus a $3.60 share of the loss-adjustment expense removed, a blended $9.60 per claim at 74 percent gross margin because Snap Claim carries no claims risk. Take rises as automation improves.
Unit economics
Payback in about three months
Fully loaded carrier CAC is $220K against roughly $0.9M of Year-1 gross profit per carrier. Net revenue retention runs 128 percent, for an LTV to CAC of about 7x.
Slide 10 - Go To Market (TTA layout)layout: product_split · 16:9
Go to market
Land a carrier, expand inside its book
01
Founder-led enterprise sales
The CEO ran claims at a top-5 US carrier. Founder credibility opens the claims-leadership door a cold AE cannot.
02
Land one line, expand to more
Every live carrier starts on one high-frequency line. Embedded expansion adds lines inside the same book, driving 128 percent net revenue retention.
03
Actuarial and claims referrals
Claims leaders and actuaries move between carriers and vouch for what works. Warm introductions shorten the six-to-nine-month integration.
04
Insurance-conference presence
Industry events and claims forums, a capture channel not the primary engine. Keeps Snap Claim in front of buyers between cycles.
05
Solutions-engineering proof
Actuarial, security and model-governance evidence carriers demand before plugging anyone into their book. Trust built into the motion.
Slide 11 - Team (TTA layout)layout: team_grid · 16:9
The team
The rare combination this problem needs
Daniel Goddard
Co-founder and CEO
Ran claims operations at a top-5 US P&C carrier, where his org handled roughly 4M claims a year. Knows exactly where LAE hides and why claims feel broken.
Priya Nair Co-founder and CTO Applied-ML leader in document AI and LLM adjudication. Built production OCR and decisioning systems at scale before Snap Claim. Marcus Ellison Chief Claims and Actuarial Officer
The first five hires, funded by the seed
  • Fifteen years across carrier claims and pricing, FCAS. Owns model governance, reserve integrity and the state regulator relationships carriers demand.
  • Elena Vargas
  • Head of Carrier Partnerships
  • Enterprise insurance BD who sold core claims and policy systems into US carriers. Runs the six-to-nine-month path from pilot to live book.
  • Rebecca Cho
Slide 12 - Competitive Advantage (TTA layout)layout: competitive_matrix · 16:9
Competitive advantage
What an incumbent cannot ship in 18 months
The empty quadrant is end-to-end ownership plus multi-line coverage
01
A founder who ran claims at a top-5 US carrier and knows where every dollar of LAE hides. Not a feature.
02
Straight-through adjudication that owns the claim end to end, from the claimant's phone to settlement.
03
Seven live carriers and $3.8B of premium touched, proof a new entrant cannot fabricate.
04
Per-claim, LAE-shared pricing that aligns Snap Claim with carrier cost and deepens as automation improves.
End-to-end ownership
Multi-line coverage
Tractable
Snapsheet
CCC
Snap Claim
Slide 13 - Roadmap (TTA layout)layout: roadmap_3phase · 16:9
Roadmap
Three years, one required round
Year 1
Phase 1
Prove and deepen
Series A close, $18M raised
SOC 2 Type II certified
STP rate to 46 percent
16 carriers live
Gross margin to 75 percent
Year 2
Phase 2
Embedded expansion
Expand lines inside live books
Fraud-signal module shipped
31 carriers live
$43.9M revenue, -$5.5M EBITDA
Gross margin to 79 percent
Year 3
Phase 3
Multi-line default
52 carriers live
STP rate to 61 percent
8.1M claims a year
$87.5M revenue
EBITDA-positive, gross margin to 82 percent
Slide 14 - Forecast (TTA layout)layout: forecast_kpi_chart · 16:9
Forecast
The three-year picture
Capital Raised$8.4M2 rounds
Revenue (24m)$87.5Mcumulative
Minimum Cash-$11.0MMonth 13
Cash at Month 24+$9.8Mperiod end
Revenue compounds from $8.4M today to $87.5M in Year 3. EBITDA inflects from -$11.0M in Year 1 to +$9.8M in Year 3. The round funds the path to profitability, not survival.
24-month cash forecast · line chart
Slide 15 - Ask (TTA layout)layout: ask_kpi_charts · 16:9
The ask
$18M to own the 60-second claim
The Ask$18MSeries A at $90M post
Runway~30 monthsFunds the path to profitability
Profitable fromYear 3EBITDA-positive on this round
Use of funds · %
uof chart
Cost allocation
allocation chart