BlockClaim: Completes £500k seed funding

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BlockClaim: Completes £500k seed funding

BlockClaim: Anti-fraud firm, completed its seed funding round with a £500,000 investment

  • BlockClaim, first hybrid AI and blockchain technology solution for insurance industry
  • It allows insurers to detect fraudulent claims and process claims very quickly
  • Image recognition AI module used to detect damage image to an accident claim
  • The system can also scan phone and email conversations for inconsistencies and irregularities
  • They deliver a cost per claim reduction of 20% along with significantly reduced settlement times
  • The funding round attracted from Amadeus Capital Partners