Snapsheet
Snapsheet is a Chicago-based insurtech providing a cloud-based claims management platform for P&C carriers, MGAs, TPAs, and fleet operators, with modular tools for virtual appraisals, total-loss settlement, no-code workflows, open-API integrations, digital payments, and configurable AI launching in 2026.
- Company typePrivate
- Founded2014
- HeadquartersChicago, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What Snapsheet does
Snapsheet is a Chicago-based insurtech founded in 2011 that provides a cloud-based claims management platform for property & casualty insurance carriers, MGAs, TPAs, and fleet/logistics operators. The platform unifies claim intake, document management, vendor coordination, smart assignment, communications, payments, and reporting into a single configurable system, with specialized modules for virtual vehicle appraisals (private passenger, marine, RV, motorcycle, trucks), total-loss settlement, and digital disbursements via push-to-card, ACH, and digital wallet rails. Built on AWS with an open-API architecture (400M+ API calls processed), the system integrates directly with carrier policy, billing, underwriting, and vendor systems through webhooks and real-time data transfer.
The core product is the Claims Platform, supplemented by No-Code Workflows (point-and-click automation engine), Integrations & APIs, Analytics & Oversight, Payments, Snapsheet AI (configurable multi-modal AI platform launching 2026), and Snapsheet Total (total-loss management launched September 2024). A 40+ partner ecosystem spans AI/analytics (Agentech, CLARA Analytics, Charlee.ai, Foundation AI, Liberate, Floatbot.AI), fraud detection (Shift), auto services (CCC, Mitchell, Copart, CrashBay, CARFAX), communications (Kyber, Smart Communications, ClaimSearch), and payments (J.P. Morgan, KeyBank). The company reports serving 175+ customers including 16 of the top 20 P&C carriers (State Farm, Chubb, CNA, Nationwide, Liberty Mutual, Zurich, USAA, Geico among others), with 25% of customers being publicly traded and $48.2M in annual revenue run rate as of September 2025 at a $144.5M valuation.
Snapsheet operates an enterprise field-sales GTM targeting large carriers and MGAs/TPAs, complemented by channel partner co-selling. Revenue is generated through annual SaaS subscriptions priced on a quote basis tied to carrier size, claims volume, and feature scope, with implementation as professional services completing typical deployments in 12–90 days (100% implementation success reported). The company has raised over $125M cumulatively across multiple rounds, with a $30M Series E2 closed in March 2025 led by Lightbank. Strategic and financial backers include State Farm Ventures, Liberty Mutual Strategic Ventures, USAA, Nationwide Ventures, Ping An Global Voyager, F-Prime, and Tola Capital — many of whom are also customers, creating a distribution-and-validation flywheel.
Snapsheet firmographics
Firmographics- Name
- Snapsheet
- Legal name
- Snapsheet
- Website
- https://snapsheetclaims.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Snapsheet is a Chicago-based insurtech providing a cloud-based claims management platform for P&C carriers, MGAs, TPAs, and fleet operators, with modular tools for virtual appraisals, total-loss settlement, no-code workflows, open-API integrations, digital payments, and configurable AI launching in 2026.
- Ownership category
- akta.pro rank
Snapsheet industry classification
Industry- Product category
- Insurance Claims Management Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Claims Management, Scrubbing & Clearinghouse (HLACACAB)
Keywords
Where Snapsheet is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Snapsheet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Platform Subscription: Claims management software delivered as cloud-based subscription service with implementation and ongoing support
- Implementation Services: Professional services for platform implementation, configuration, and deployment support
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription with custom pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Snapsheet product offering
Product offeringCore offering
Snapsheet provides a cloud-based claims management software platform for property and casualty (P&C) insurance carriers, MGAs, TPAs, and fleet operators. The platform unifies claim handling, no-code workflow automation, virtual vehicle appraisals, total loss settlement, digital payments, and a partner ecosystem of AI, analytics, communications, and payments integrations into a single system configured to each carrier's processes.
Product overview
Snapsheet is a claims management technology platform offering a modular architecture centered on the Claims Platform as the core product, supplemented by specialized modules including No-Code Workflows for automation, Integrations & APIs for open architecture connectivity, Analytics & Oversight for reporting, Payments for digital disbursements, and Snapsheet AI (launching 2026) for configurable AI capabilities. The platform also includes specialized sub-products for Virtual Appraisals covering vehicle types from private passenger to agriculture equipment, and Total Loss Settlement for end-to-end total loss management. Solutions are organized by line of business into Personal Lines (auto, homeowners, specialty) and Commercial Lines (property, liability, fleet). The platform is built on open APIs supporting 400+ million API calls monthly, with a curated partner ecosystem of 30+ integrations spanning AI/analytics, auto services, communications, payments, and property services.
Differentiator
Problem solved
Functional benefit
Brands
- Snapsheet Total: Total loss claims management solution transforming total loss claims with unmatched accuracy, cost-effectiveness, and efficiency
- Snapsheet AI
- Snapsheet Appraisal
Products and services
- Claims Platform
- Virtual Appraisals
- Snapsheet Total (Total Loss Settlement)
- Snapsheet AI
Quantifiable outcome
- 15% Decrease in Operation Costs (Clearcover)
- +7 more outcomes
Companies that use Snapsheet
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles4 records
Snapsheet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration27 records
AI capability10 records
Feature8 records
Snapsheet partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- LiberatecoreVoice AI platform delivering 24/7 claims support with no wait times and no missed calls. Partnership provides AI-powered voice capabilities for claims customer service.
- AgentechcoreAI-powered digital agents that boost adjuster productivity and claims processing by automating tasks. Partnership brings AI-driven automation capabilities to Snapsheet's claims platform.
- Amazon Web Services (AWS)coreCloud infrastructure provider powering Snapsheet's platform with enterprise-grade security, scalability, and reliability.
- Floatbot.AIcoreConversational AI agents for revolutionizing claims management with intelligent automation and customer interactions.
- CCC Intelligent SolutionscoreAuto repair solutions provider integrated into Snapsheet's platform for seamless claims and repair workflow management.
- CLARA AnalyticscoreAI-driven insights for claims severity assessment, fraud detection, and streamlined decision-making in claims handling.
- KybercoreAI-driven document generation and delivery platform for modern insurance enterprises. Partnership delivered 5x improvement in letter cycle times for Branch customer.
- MitchellcoreClaims management and collision repair process solutions integrated into Snapsheet's platform.
- CrashBaycoreTrusted repair partner for carriers and fleets connecting claims to quality repairs quickly.
- ClaimSearch (ISO)coreAutomated data reporting and alert generation for claims processing, reporting obligations, and risk mitigation.
- Talem AIcoreAI and image-based injury and accident analysis for auto claims, providing insights into claim severity for better routing.
- Charlee.aicoreAI-based predictive analytics for fraud, litigation, severity, and reserving in insurance claims.
- Foundation AIcoreIntelligent document processing for extracting, classifying, and routing documents into correct claim files.
- Shift TechnologycoreFraud detection capabilities integrated into the claims platform for identifying suspicious claims.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
Snapsheet competitors and assessment
Company assessmentDirect peers
- CCC Intelligent Solutions: Market-leading auto claims and collision repair workflow platform serving the largest US P&C carriers. Direct competitor to Snapsheet in virtual appraisals, total loss, and claims management for auto physical damage; Snapsheet integrates with CCC for repair-shop workflows.
- Mitchell International: Established provider of claims management, estimating, and collision repair solutions for P&C carriers. Competes with Snapsheet in auto-physical-damage workflows and is also an integration partner, reflecting both competition and complementarity.
Broad incumbents
- Guidewire Software: Leading core insurance platform (policy, billing, claims) for P&C carriers. Overlaps with Snapsheet in claims management but as a much broader suite covering underwriting and policy admin; Snapsheet integrates via APIs into Guidewire environments.
- Duck Creek Technologies: Cloud-native core insurance suite for P&C carriers including claims management. Competes more broadly than Snapsheet but overlaps in claims handling, where Snapsheet can integrate with or compete against Duck Creek deployments.
- Cognizant / TriZetto Claims Solutions: Large IT services and claims processing vendor providing claims administration and systems for health and P&C insurers. Competes with Snapsheet where carriers outsource end-to-end claims handling rather than buying software.
- Sedgwick Claims Management Services: Largest independent claims administrator serving carriers, employers, and TPAs. Investor in Snapsheet's 2019 round; competitor where carriers prefer outsourced claims handling over software deployment.
Emerging players
- Shift Technology: AI-native insurance claims platform specializing in fraud detection, claims automation, and subrogation. Both partner and competitor to Snapsheet in AI-driven fraud and triage within carrier claims workflows.
- CLARA Analytics: AI-driven claims analytics platform focused on severity, fraud, and litigation prediction for commercial lines. Integration partner but also a competitive AI layer that carriers could choose to deploy outside the Snapsheet platform.
- Liberate (Voice AI): Voice AI platform delivering 24/7 claims intake and support for insurers. Recently integrated with Snapsheet, but also a stand-alone competitor for voice-driven claims automation that carriers could deploy independently.
Regional players
- Eberl Claims Service: Third-party claims administrator and TPA serving P&C carriers. Both an integration partner and indirect competitor where carriers choose outsourced TPAs instead of in-house software platforms.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Snapsheet social profiles
Digital presenceSnapsheet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Snapsheet leadership team
Management profileNumber of profiles
Profiles5 records
Snapsheet funding detail
Funding detailFunding overview
Funding rounds7 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Snapsheet 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 Snapsheet
What does Snapsheet do?
Snapsheet provides a cloud-based claims management software platform for property and casualty (P&C) insurance carriers, MGAs, TPAs, and fleet operators. The platform unifies claim handling, no-code workflow automation, virtual vehicle appraisals, total loss settlement, digital payments, and a partner ecosystem of AI, analytics, communications, and payments integrations into a single system configured to each carrier's processes.
Is Snapsheet a public or private company?
Snapsheet is a private company. It is classified as venture growth investor backed and is currently operating.
When was Snapsheet founded?
Snapsheet was founded in 2014. It employs 501 to 1,000 people.
Where is Snapsheet based?
Snapsheet is headquartered in Chicago, United States, in the North America region.
How does Snapsheet make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are implementation Services.
Who are Snapsheet's main competitors?
Direct peers on record are CCC Intelligent Solutions and Mitchell International. Broad incumbents are Guidewire Software, Duck Creek Technologies, Cognizant / TriZetto Claims Solutions and Sedgwick Claims Management Services. Emerging players are Shift Technology, CLARA Analytics and Liberate (Voice AI). Eberl Claims Service is listed as a regional player.
Does Snapsheet have an API?
Yes. Snapsheet provides open APIs that enable direct connections to policy, billing, underwriting, and vendor systems. The platform supports webhooks for instant event notifications, real-time data transfers, and configurable automation. APIs are designed for claims operations with open architecture, no-code workflow integration, and 400+ million API calls executed. Authentication method, rate limits, and versioning are not explicitly specified in available documentation. Developer documentation is at www.snapsheetclaims.com/products/integration-apis.
What industry is Snapsheet in?
Snapsheet's product category is Insurance Claims Management Software. Its primary akta.pro industry code is HLACACAB, Claims Management, Scrubbing & Clearinghouse. Its NAICS code is 51821 and its SIC code is 7370.