Founded at Imperial College in London, BlockClaim provides an AI and Blockchain based automation solution for processing insurance claims and fraud. BlockClaim specialises in building and leveraging data sources via deep search to accurately validate, investigate and automate the context of claims – a first in the industry.
BlockClaim believes that combining AI with external data sources is the future of streamlining insurance claims. The sheer volume of data analysed allows insurers to create objective, data-driven contexts around incidents that would otherwise be highly subjective and difficult to validate.
BlockClaim works with major insurance companies to deliver increased fraud detection rates, reduced operating costs and faster claim settlement times.