Assured Insurance Technologies, Inc.
Classification
Private
About
About
Assured Insurance Technologies, Inc. is a company focused on leveraging artificial intelligence to automate and streamline insurance claims processing. Assured aims to enhance efficiency in the insurance industry by deploying AI-driven solutions that reduce manual workloads, improve claims accuracy, and accelerate payouts, targeting insurers seeking to modernize their operations in a competitive market. Business/Product Breakdown Assured Insurance Technologies offers an AI-powered platform designed to automate key aspects of insurance claims management. The core product integrates machine learning and natural language processing to analyze claims data, assess validity, and expedite decision-making, minimizing human intervention. It supports multiple insurance lines, including property, casualty, and health, with features such as real-time fraud detection, automated document processing, and predictive analytics for claims outcomes. The platform is delivered as a software-as-a-service (SaaS) solution, enabling insurers to integrate it into existing systems via APIs or deploy it as a standalone tool. Assured's technology aims to cut processing times and costs, offering a scalable solution for insurers ranging from mid-sized firms to large enterprises.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private