Snapsheet’s 2023 Results and Strategic Vision for Claims Management

PRNewswireFebruary 13, 20244 min

Reflecting on 2023, Snapsheet, the leading global provider of insurance claims management solutions, stands at the threshold of a transformative year. This review on the past serves not just as a celebration of Snapsheet’s exceptional milestones, but as an affirmation of its unwavering commitment to delivering unparalleled value and steering a positive course for profitable growth.

In an industry where opportunities for progress are extensive,¬†Snapsheet’s achievement of profitability stands as a validation of its resilience and the loyal support from clients, partners, and staff. This accomplishment sets a strong foundation to propel the organization into a future characterized by innovation, stability, and profitability.

Key Achievements and Growth
In 2023, Snapsheet solidified its position by serving 15 of the top 20 P&C insurers in the US, a clear sign of its growing influence. Building on this, Snapsheet fostered 76 new and expanded customer relationships, further extending its reach and reputation. Celebrating an impressive 13% year-over-year growth, Snapsheet swiftly managed over 4.3 million claims, processing $15.3 billion in indemnity, showcasing its expertise across virtual appraisal services and claims management.

Industry Recognition

  • State Farm Ventures: Snapsheet secured strategic investment from State Farm Ventures¬ģ, fueling digital innovation in claims management technology.
  • Financial Expertise:¬†Sue Sell, CFO, was awarded the 2023 Mid-Size Private Company CFO of the Year¬ģ¬†by Financial Executives International (FEI)¬†Chicago.
  • Global Recognitions: Snapsheet retained its position in S√łnr’s Top 100 Insurtechs and was recognized by FinTech Global among the world’s top 100 innovative InsurTech companies for contributions to the industry.
  • Fintech 250 Honor:¬†CB Insights honored Snapsheet among the top 250 promising private fintech companies for the fifth consecutive year.
  • Remote Work Culture:¬†Built-In recognized Snapsheet for outstanding work culture, ranking among the best places in¬†Chicago¬†and for remote companies.

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