Reserv
Reserv is an AI-native third-party administrator that processes property and casualty insurance claims end-to-end for insurers, MGAs, brokers, and corporate captives across North America, the UK, and the EU, combining generative AI tooling, a proprietary data warehouse, and licensed adjuster teams.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Reserv does
Reserv is an AI-native third-party administrator (TPA) for property and casualty insurance claims, founded in 2022 by CJ Przybyl and Martha Dreiling and headquartered at 99 Wall Street, New York City. The company processes claims end-to-end — from first notice of loss (FNOL) through settlement — for a customer base spanning insurers, managing general agents (MGAs), brokers, and corporate captives, totaling nearly 200 client entities. Reserv positions itself as a digital-native TPA whose core offering is the AI-Driven Engine and the proprietary Reserv Glance platform, augmented by the Reserv Claim Portal and Reserv Claim Updates SMS service for claimant-facing interaction. Underlying capabilities include generative AI claims data analysis, natural language processing of FNOL submissions and adjuster notes, process automation across the claim lifecycle, predictive analytics for underwriting and claims teams, and a knowledge-retrieval layer over a well-architected data warehouse that captures and structures every claim data point and exposes them via configurable dashboards and APIs.
The business model combines recurring enterprise TPA and claims technology services under an annual recurring revenue construct; pricing is not publicly disclosed and is obtained via a sales-led 'Contact Sales' motion targeting MGAs, carriers, brokers, and corporate captives. Reserv is licensed to handle claims across North America, the UK, and the EU via Reserv Inc. (Delaware) and Reserv Claims Analysis LLC (England and Wales, Company Number FCO40166), and operates a fully remote delivery model. Cumulative equity funding of approximately $196 million has been raised across a $8M seed (July 2022), $20M Series A (October 2023), $25M Series B (June 2025), a $16M Series B extension (September 2025), and a $125M Series C led by KKR (May 2026), with Bain Capital Ventures, Flourish Ventures, Altai Ventures, and Accenture Ventures participating across rounds. By 2026 the company reported $100M in annual recurring revenue, was named a newcomer to the Forbes Fintech 50 2026, and stated an ambition to scale annual complex-claims handling capacity from 500,000 to 30 million over four years.
Reserv firmographics
Firmographics- Name
- Reserv
- Legal name
- Reserv, Inc.
- Website
- https://reserv.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Reserv is an AI-native third-party administrator that processes property and casualty insurance claims end-to-end for insurers, MGAs, brokers, and corporate captives across North America, the UK, and the EU, combining generative AI tooling, a proprietary data warehouse, and licensed adjuster teams.
- Ownership category
- akta.pro rank
Reserv industry classification
Industry- Product category
- Insurance Claims Administration Software
- NAICS
- Claims Adjusting (524291), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK)
Keywords
Where Reserv is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Reserv business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- TPA and Claims Technology Services (Recurring): Recurring revenue from providing AI-powered third-party administration and claims processing services to insurers, MGAs, brokers, and corporate captives. Reached $100 million in annual recurring revenue as of 2026.
- Subscription / Recurring ARR: Annual recurring revenue model tied to claims processing capacity and platform access for insurance clients. ARR scaled to $100M by 2026.
- Professional Services (Adjuster Talent): Delivery of highly experienced adjusters and specialist adjuster sourcing combined with proprietary AI tooling, bundled into claims outcomes for clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Quote-based enterprise TPA / claims technology engagement |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Reserv product offering
Product offeringCore offering
Reserv is an AI-native third-party administrator (TPA) for the property and casualty (P&C) insurance sector that processes all types of claims end-to-end from first notice of loss (FNOL) through settlement for insurers, MGAs, brokers, and corporate captives. The platform combines licensed claims teams across North America, the UK, and the EU with its proprietary AI-powered Reserv Glance platform, automating routine adjuster tasks while augmenting complex decisions. Reserv reached $100 million in annual recurring revenue by 2026, serving nearly 200 insurance entities.
Product overview
Reserv is an AI-native third-party administrator (TPA) that operates as a single integrated claims platform rather than a loosely bundled suite. The core offering, branded simply as Reserv, is supported by the AI-powered Reserv Glance platform — the underlying claims-processing engine that automates P&C claim handling from FNOL through settlement. Two named modules extend the platform into claimant interaction: the Reserv Claim Portal (the web entry point for FNOL submission and SMS opt-in) and the Reserv Claim Updates Service (the optional SMS notification program triggered by claim-status events). Together, Reserv provides the licensed adjuster workforce and global footprint, Reserv Glance provides the AI/automation backbone, and the Claim Portal plus Claim Updates Service form the claimant-facing surface of the same workflow.
Differentiator
Problem solved
Functional benefit
Brands
- Reserv Glance: AI-powered claims processing platform powering Reserv's property and casualty insurance claims operations.
Products and services
- Reserv (Core TPA Platform and Service) AI-native third-party administrator (TPA) for the property and casualty (P&C) insurance sector. Processes all types of P&C claims end-to-end (FNOL through settlement) for insurers, MGAs, brokers, and self-insureds/corporate captives, combining licensed claims teams across North America, the UK, and the EU with proprietary AI tooling and a modern technology stack.
- Reserv Glance AI-powered claims processing platform underlying the Reserv TPA service. Automates property and casualty insurance claims handling via generative AI and orchestration, enabling scaling from 500,000 to 30 million complex claims per year.
Quantifiable outcome
- Reached $100 million in annual recurring revenue by 2026
- +4 more outcomes
Companies that use Reserv
Customer profileSegments4 records
Ideal customer profiles4 records
Reserv technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability7 records
Feature7 records
Reserv partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- QBEcoreQBE is referenced as a key US partnership being expanded through Reserv's Series B extension funding (announced September 2025). The capital supports large-scale AI orchestration to deepen this customer relationship.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Reserv competitors and assessment
Company assessmentDirect peers
- Tractable: AI-native computer vision platform for property and auto insurance claims, using generative AI to assess damage and accelerate claim resolution — directly overlapping with Reserv's AI-driven P&C claims automation focus and target customer base of carriers and MGAs.
- Shift Technology: Provides AI-based decisioning tools for insurance fraud detection, claims automation, and underwriting — a direct competitor in applying AI to the P&C claims lifecycle and serving the same global carrier customer segment.
- Snapsheet: Cloud-native claims management and appraisal platform for P&C insurers, offering virtual appraisals, AI-driven damage estimates, and digital claims workflows that compete with Reserv's TPA and AI-engine proposition.
Broad incumbents
- CCC Intelligent Solutions: Established leader in P&C claims and repair management software for auto and property insurers, with broad enterprise penetration and an expanding AI/cloud portfolio — competes with Reserv in AI-augmented claims handling at large carriers.
- Guidewire Software: Dominant core insurance platform (PolicyCenter, ClaimCenter, BillingCenter) for P&C insurers globally; while not a direct TPA, its claims module is the incumbent system Reserv must integrate with or displace to win enterprise claims deals.
- Duck Creek Technologies: Cloud-native insurance core systems vendor serving P&C carriers with claims, policy, and billing suites, increasingly embedding AI capabilities — a competitor and integration partner for AI-driven claims platforms like Reserv.
- Verisk: Major insurance analytics and data vendor (including Xactware/ClaimXperience for property claims) that competes with Reserv on analytics, property data, and claims workflow enablement for global carriers and MGAs.
Others
- Mitchell International: Provider of claims management, estimating, and workflow solutions for P&C insurers — a long-standing claims technology competitor with established carrier relationships that Reserv must displace or partner with.
Emerging players
- Lemonade: AI-native digital insurance carrier using behavioral AI for underwriting and claims — competes indirectly by demonstrating the AI-native insurance model end-to-end and pressuring traditional carriers to adopt similar technology, of which Reserv is a beneficiary and competitor.
- Cape Analytics: Applies AI and geospatial imagery to property risk and claims assessment for insurers — an emerging AI-native player in the property insurance data and claims workflow overlapping with Reserv's property claims automation focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Reserv social profiles
Digital presenceReserv compliance and trust
Trust signalCompliance3 records
Reserv financial estimates
Financial estimateRevenue estimate
Valuation estimate
Reserv leadership team
Management profileNumber of profiles
Profiles3 records
Reserv subsidiaries and ownership
Company hierarchySubsidiaries1 record
Reserv funding detail
Funding detailFunding overview
Funding rounds6 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Reserv M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Reserv
What does Reserv do?
Reserv is an AI-native third-party administrator (TPA) for the property and casualty (P&C) insurance sector that processes all types of claims end-to-end from first notice of loss (FNOL) through settlement for insurers, MGAs, brokers, and corporate captives. The platform combines licensed claims teams across North America, the UK, and the EU with its proprietary AI-powered Reserv Glance platform, automating routine adjuster tasks while augmenting complex decisions. Reserv reached $100 million in annual recurring revenue by 2026, serving nearly 200 insurance entities.
Is Reserv a public or private company?
Reserv is a private company. It is classified as venture growth investor backed and is currently operating.
When was Reserv founded?
Reserv was founded in 2022. It employs 501 to 1,000 people.
Where is Reserv based?
Reserv is headquartered in New York, United States, in the North America region.
How does Reserv make money?
Three revenue lines are on record. TPA and Claims Technology Services (Recurring) is the primary driver. The others are subscription / Recurring ARR and professional Services (Adjuster Talent).
Who are Reserv's main competitors?
Direct peers on record are Tractable, Shift Technology and Snapsheet. Broad incumbents are CCC Intelligent Solutions, Guidewire Software, Duck Creek Technologies and Verisk. Mitchell International is listed as an others. Emerging players are Lemonade and Cape Analytics.
Does Reserv have an API?
Yes. Reserv states that APIs are "easily accessible and consumable for claim leaders, underwriters and partners" and that data science and reporting are exposed via APIs. No further technical details such as REST/GraphQL, auth method, rate limits, versioning, sandbox, or documentation URL are provided in the source material.
What industry is Reserv in?
Reserv's product category is Insurance Claims Administration Software. Its primary akta.pro industry code is HLACABAK, Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment). Its NAICS code is 524291.