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Top 10 Insurance Claims Management Software Companies With $5M–$10M Revenue (September 2026)

As of September 2026, Latka tracks 10 insurance claims management software companies with $5M–$10M in annual revenue. They have combined revenues of $76.6M and employ 595 people. They serve 125 customers combined.

Every company below sells insurance claims management software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Insurance Claims Management Software Companies do

Insurance Claims Management Software encompasses tools designed to streamline the management, processing, and tracking of insurance claims across various sectors, including health, property, and casualty insurance. These software solutions automate numerous workflows, enabling insurers to efficiently handle claims from initial reporting through to resolution, thereby enhancing operational efficiency and customer satisfaction. Key features typically include automated claims processing, status tracking, document management, and analytics capabilities. Users of this software primarily consist of insurance companies, claims adjusters, and finance professionals, all of whom seek to reduce processing time, minimize errors, and improve the accuracy of claims handling. By leveraging technology, these solutions allow organizations to provide better service and adapt to changing regulations within the insurance industry.

Companies
10
Revenue
$76.6M
Funding
-
Employees
595

Filters

Sorting: Highest -> Lowest

Filters

Top Insurance Claims Management Software Companies With $5M–$10M Revenue

Showing 10 of 10 companies ranked by annual revenue.

1Encircle logo
Encircle

Kitchener, Ontario, Canada

By making it easy to collect, manage, and use field data, Encircle speeds up restoration jobs, gives visibility into a job's progress, and simplifies the creation and sharing of detailed reports. These reports meet and exceed the insurance industry's strict documentation requirements, improving customer satisfaction. Discover how Encircle makes managing claims easy at getencircle.com.

Revenue
$9.9M
Year founded
2012
Team size
90
2CLARA analytics logo
CLARA analytics

Santa Clara, California, United States

AI-powered insurance claim solutions

Revenue
$9.8M
Year founded
2015
Team size
72
3Benekiva logo
Benekiva

West Des Moines, Iowa, United States

Developer of a blockchain based insurance information platform intended to bridge the gap between life insurance policies and their intended beneficiaries. The company's platform offers proactive beneficiary management and claim management where beneficiaries can complete claims forms electronically, enabling life insurance and investment companies to update policy holder information and better manage beneficiary information.

Revenue
$9.5M
Year founded
2016
Team size
83
4Susco Solutions logo
Susco Solutions

Harvey, Louisiana, United States

Software company developing business solutions, mobile workforce apps and systems integrations for the insurance claims management industry

Revenue
$8.7M
Year founded
2005
Team size
78
5Qantev logo
Qantev

Paris, Île-de-France, France

Qantev enhances the performance of health and life insurers around the globe, helping them reduce losses, optimize their processes, and increase client satisfaction. By blending artificial intelligence with medical expertise, our team of specialized data scientists and engineers has built innovative solutions that boosts the claims management process and uncover instances of fraud, waste, and abuse.

Revenue
$8M
Year founded
2018
Team size
73
6handdii logo
handdii

Marina del Rey, California, United States

handdii is an online marketplace that connects insurance companies and their customers directly to a network of contractors, providing a digital repair network solution to streamline property claims.

Revenue
$6.7M
Year founded
2017
Team size
21
7Risk Control Technologies logo
Risk Control Technologies

Mississauga, Ontario, Canada

Developer of a risk control inspection software designed to provide insurance carriers with a unique combination of high tech loss control software and industry expertise. The company's risk control inspection software automates the loss control inspection which consists of a Web-based application combined with offline tablet applications to streamline the inspection process from request right through to completion of the field work and report creation as well as provides tools for underwriters, managers and other stakeholders to analyze risks and support decision-making, enabling them to achieve overall risk management objectives.

Revenue
$6.6M
Customers
125
Year founded
2012
Team size
59
8Anagram logo
Anagram

San Francisco, California, United States

Anagram (formerly Patch) is a software company that provides a platform for streamlining the insurance application process. Their platform enables medical providers, patients, and employers to quickly and easily submit insurance applications and receive approval decisions in real-time. Anagram's solution is designed to simplify the complex and time-consuming insurance application process, helping to reduce administrative burden and improve access to insurance coverage. The company's mission is to make the insurance application process faster and more efficient for all stakeholders involved, ultimately improving healthcare outcomes and reducing costs for patients and providers.

Revenue
$6.4M
Year founded
2014
Team size
45
9tigerlab logo
tigerlab

Zurich, Switzerland

tigerlab is the software provider (white-label solution) of successful insurance companies, MGAs, brokers and intermediaries. We create a powerful All-In-One web-based insurance software for our clients. Also, providing the "plug and play" option that allows modules to be requested individually and integrate into your existing system. It allows you to run your business and getting more sales painlessly. With our insurance software i2go, you can start without any upfront cost and manage your policies, leads, business partners and claims easily with our cloud-based software and useful features. Our full suite includes an online quote/sales system (B2C/B2B2C), customer service portal, claim module and a comprehensive back office to manage your customer, policies, claims, MTAs & more. For a free demo and professional consultation, visit our website and schedule a session now!

Revenue
$6M
Year founded
2008
Team size
61
10CaseGlide logo
CaseGlide

Tampa, Florida, United States

Provider of legal services intended to offer claims litigation management for insurance companies. The company's services eliminate the data and expense chaos associated with litigation and also helps insurers reduce legal expenses and indemnity, enabling clients to enhance profitability and efficiency.

Revenue
$5M
Year founded
2015
Team size
13

Frequently asked questions about Insurance Claims Management Software Companies With $5M–$10M Revenue

How many insurance claims management software companies with $5M–$10M in annual revenue are there?

Latka tracks 10 insurance claims management software companies with $5M–$10M in annual revenue. Together they generate $76.6M in annual revenue and employ 595 people.

Which insurance claims management software company with $5M–$10M in annual revenue is the largest?

Encircle is the largest, with $9.9M in annual revenue, founded in 2012.

How much revenue does a typical insurance claims management software company with $5M–$10M in annual revenue make?

The average insurance claims management software company in this list makes $7.7M a year, across 10 companies with reported revenue. They serve 125 customers combined.

Who are the leading Insurance Claims Management software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are Encircle, CLARA analytics, Benekiva, Susco Solutions and Qantev.

Related Vertical Industry Software categories

Inclusion Criteria

- Must provide features for end-to-end claims processing including submission, evaluation, and settlement - Should include functionality for document management and storage - Must enable claims tracking and status updates for both insurers and claimants - Should offer analytics and reporting capabilities to monitor claims performance - Must cater primarily to insurance companies and adjusters, not just general workflow management - Should support integration with other insurance-related systems, such as policy management software - Not a standalone claims database; must actively facilitate the claims lifecycle from start to finish