What Chronovo does

Chronovo, Inc. is a privately held, Burlington, Massachusetts-based structured settlement services company founded in 2015 and operating with 11-50 employees. The firm brokers tax-free annuity settlements under Section 104(a)(2) for injured claimants and provides supporting technology and consulting to the insurance claims ecosystem. Its primary customer base spans insurance carriers, third-party administrators, plaintiff and defense counsel, and self-insured enterprises, with named relationships including ESIS, Walmart, McKesson, Applied Underwriters, Lewis Brisbois, Hallmark Financial, Simons Hanly Conroy, and First Comp-Markel.

The company's core product is Compass, a patent-pending, cloud-based quoting and case management platform that delivers 24/7 real-time life company pricing feeds, document organization, automated reporting (ChronoLog), and interactive quote modification. Compass is complemented by Chronograph visualization tools, ChronovoCare (a 3-in-1 medical savings program), iMSA (an integrated Medicare Set-Aside solution co-developed with Ametros and Examworks), and a Direct Pay Process designed as an industry safeguard against settlement fund fraud. The platform is integrated with Guidewire via the PartnerConnect program (announced January 2022), and Chronovo maintains HIPAA and ISO 27001 alignment within Compass.

Chronovo earns revenue primarily through transaction fees on structured settlement annuity placements and through professional services fees from its Chronovo Consulting Group, which provides claims audits, MSP/Medicare compliance consulting, cost transparency assessments, and M&A advisory. Go-to-market is sales-led and direct, organized around three practice groups (Complex Claims Group, Consulting Group, and Chronovo Connect) operating on a nationwide, no-borders model that matches brokers to cases by expertise rather than geography. Distribution combines direct enterprise sales, inside-sales support (Chronovo Connect) with two-business-hour quote turnaround, and self-serve access through the Compass portal.

Name

Chronovo

Legal name

Chronovo, Inc.

Website

https://chronovo.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Chronovo is a U.S. structured settlement services firm that brokers tax-free annuity settlements for injured claimants and provides Compass, a patent-pending quoting and case management platform, to insurance carriers, TPAs, and plaintiff and defense counsel.

Ownership category

akta.pro rank

Product category

Structured Settlement Brokerage

NAICS

Insurance and Employee Benefit Funds (5251)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

akta.pro secondary industries

Debt Settlement & Negotiation Services (FSAEAFAC), Subrogation, Recovery & Coordination of Benefits (COB) Support (BPAAAFAG)

Keywords

• Structured settlement services
• Annuity brokerage services
• Claims resolution platform
• Medicare Set-Aside solutions
• Settlement planning technology

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Structured Settlement Brokerage Fees: Chronovo earns fees on structured settlement annuity transactions, facilitating the creation and administration of tax-free, life-long financial plans for injured individuals in claims settlements.
2. Consulting Services: Enterprise-level claims performance consulting including claims audits, cost transparency assessments, technical innovation services, MSP/Medicare compliance consulting, and M&A advisory services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Chronovo provides structured settlement brokerage services that connect injured claimants, insurance carriers, and attorneys to tax-free annuity-based settlement solutions. The company pairs a nationwide team of multi-disciplinary brokers (lawyers, MBAs, financial planners, CPAs, economists) with its patent-pending Compass™ technology platform to deliver real-time quoting, case management, and visualization in personal injury, workers' compensation, and complex litigation settlements.

Product overview

Chronovo is a structured settlement technology and services company offering a unified platform centered on its patent-pending Compass technology, combined with specialized service offerings. The core Compass platform provides 24/7 real-time quoting and case management, complemented by complementary products including ChronovoCare (3-in-1 medical savings card), iMSA (Medicare Set-Aside solution), and Chronograph visualizations. Services are delivered through three specialty practice groups: the Complex Claims Group for high-value and complex litigation matters, the Chronovo Consulting Group for enterprise-level claims optimization, and Chronovo Connect for rapid turnaround support. The Direct Pay Process adds an industry-first safeguard to settlement fund administration.

Differentiator

Problem solved

Functional benefit

Brands

• Compass™: Patent-pending online quoting and case management platform for structured settlement professionals. Provides real-time quotes, Chronograph visualizations, 24/7 access, and document management.
• ChronovoCare™
• Chronograph™
• iMSA

Products and services

• Compass™ Patent-pending collaborative online platform for claims professionals providing 24/7 real-time structured settlement quoting, case management, document organization, drag-and-drop upload, interactive quote modification, and real-time life company pricing feeds with HIPAA-compliant data handling.
• ChronovoCare™ Industry-first 3-in-1 medical savings card providing up to 80% prescription savings, 60% surgery and procedure savings, and 49% medical equipment savings to injured individuals with no fees, restrictions, or networks.
• iMSA (integrated Medicare Set-Aside) Structured settlement solution for Medicare Set-Aside cases, developed in collaboration with Ametros and Examworks Clinical Solutions to improve settlement outcomes and reduce MSA costs for injured individuals, carriers, and counsel.
• Complex Claims Group Specialty brokerage practice delivering comprehensive strategies for complex negotiations including multi-defendant cases, mass torts, class actions, MDL matters, international settlements, court approval, and creative structure financing, with a multi-disciplinary team of lawyers, MBAs, financial planners, CPAs, and medical professionals.
• Chronovo Consulting Group Enterprise-level claims performance consulting service covering claims process optimization, historical audits, cost transparency assessments, MSP/Medicare compliance consulting, and mergers and acquisitions advisory.
• Chronovo Connect Rapid-response brokerage and strategic assistance service guaranteeing quote turnaround within two business hours, reviewing large caseloads, risk transfers, and difficult-to-settle claims with on-call access via phone (1 844 600 NOVO) and 24/7 Compass platform access.

Quantifiable outcome

• Up to 80% savings on prescriptions, 60% on surgeries, 49% on medical equipment through ChronovoCare program
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• GuidewirecoreTechnology or Integration · 24 January 2022Guidewire PartnerConnect Solution Partner providing integration with Guidewire claims management platform for seamless structured settlement quoting within existing workflows.
• ESISflagshipStrategic or Co-development Partner · 11 August 2020ESIS partnership featuring revolutionary approach to structured settlements with performance metrics tracking. Achieved quadrupled settlements with structures and $60 million in savings for clients over two years.
• AmetroscoreStrategic or Co-development PartnerCollaboration on iMSA (innovative Medicare Set-Aside) structured settlement solution bringing new level of innovation to marketplace for Medicare compliance in settlements.
• ExamworkscoreStrategic or Co-development PartnerClinical solutions partnership for iMSA structured settlement solution improving settlements for all stakeholders through Medicare Set-Aside innovation.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ringler Associates: Largest US structured settlement brokerage firm, providing annuity-based settlement solutions to plaintiffs, attorneys, and claims professionals — directly competing with Chronovo's core brokerage offering across the same carrier, counsel, and claimant ecosystem.
• Sage Settlement Consulting: National structured settlement consulting firm specializing in complex, high-value settlements for plaintiffs and attorneys. Operates in the same niche as Chronovo's Complex Claims Group with comparable broker expertise and case management services.
• Allsup: Provider of Medicare Set-Aside and Social Security disability services, directly overlapping with Chronovo's iMSA and MSA-related structured settlement capabilities for injured claimants and workers' compensation cases.
• Ametros: Medicare Set-Aside administration and settlement services firm; both a Chronovo partner on iMSA and a direct competitor in the MSA and post-settlement medical management space.
• The Settlement Company: Structured settlement brokerage serving plaintiffs, attorneys, and insurers with annuity-based settlement planning — competing for the same carrier, counsel, and claimant relationships as Chronovo.
• Settlement Planning Services: Independent structured settlement consulting firm providing annuity quotes and case management to attorneys and claims professionals, overlapping with Chronovo's broker and consulting practices.
• Examworks Clinical Solutions: Independent medical examination and MSA-related clinical solutions provider; both a Chronovo partner on iMSA and a competitor in the MSA evidence and clinical compliance space.

Broad incumbents

• MetLife Structured Settlements: Major life insurer with a structured settlements division providing the underlying annuity products; a counterparty to Chronovo's brokerage activity and a broader incumbent that touches the same end market.
• Prudential Structured Settlements: Large life insurer operating a structured settlements business; comparable to MetLife as a life-company counterparty that sources cases through brokers like Chronovo and competes for institutional relationships.
• Sedgwick Claims Management Services: Large claims management and TPA serving many of the same carriers and self-insureds as Chronovo; competes indirectly by influencing carrier adoption of structured settlement programs and ancillary claims services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Chronovo
• Facebookfacebook.com/Chronovo
• LinkedInlinkedin.com/company/chronovo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chronovo