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Top 20 Insurance Claims Management Software Companies With $1M–$5M Revenue (September 2026)

As of September 2026, Latka tracks 20 insurance claims management software companies with $1M–$5M in annual revenue. They have combined revenues of $49.1M and employ 477 people. They have raised $11.1M.

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
20
Revenue
$49.1M
Funding
$11.1M
Employees
477

Filters

Sorting: Highest -> Lowest

Filters

Top Insurance Claims Management Software Companies With $1M–$5M Revenue

Showing 10 of 20 companies ranked by annual revenue.

1Stream logo
Stream

San Francisco, California, United States

AI-Powered Medical Document Review for Workers' Comp

Revenue
$4.8M
Year founded
2022
Team size
32
2Klaim logo
Klaim

Dubai, United Arab Emirates

Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one

Revenue
$4.1M
Year founded
2020
Funding
$2.7M
Team size
42
3GloveBox logo
GloveBox

Denver, CO, United States

GloveBox is a centralized mobile and web application allowing insurance policy holders to access their policy documents, pay a bill, initiate a claim and so much more regardless of which carrier their policies are written with. The goal of GloveBox is to enhance the customer experience for the insurance client while reducing service costs and increasing overhead for both agencies and carriers.

Revenue
$4M
Year founded
2018
Team size
36
4ClearRisk Inc. logo
ClearRisk Inc.

St. John's, Newfoundland, Canada

ClearRisk provides a full suite of integrated, cloud-based software solutions for claims, incident, vendor, and fleet management for organizations looking to streamline their risk management process and drastically reduce insurance claims cost. By implementing ClearRisk’s highly automated solutions, our customers are able to allocate their resources to analytical, high ROI initiatives, rather than spending hours collecting, organizing and entering data. The result? Reducing our customers insurance and claims cost by 40-55%. ClearRisk works with over 150 organizations across North America in both the public and private sector. Our team involves a mix of risk management experts and insurance specialists alongside technologically-savvy individuals who are motivated to provide the latest in risk management software solutions. Our cloud-based solutions allow our customers to streamline the administrative tasks and processes in data collection, enabling focused efforts in analyzing risk, insurance, claims and asset data. Our team is focused on delivering the best possible outcomes for each customer. This involves analyzing current data and workflow environments, evaluating current processes and recommending innovative approaches to obtain the highest return on investment. Our success is measured by the positive impact ClearRisk achieves within your organization. Subscribe to our blog here: https://bit.ly/2JPmGSN Learn more here: https://www.clearrisk.com/covid-19

Revenue
$3.9M
Year founded
2006
Team size
35
5Wilbur logo
Wilbur

Haymarket, New South Wales, Australia

Wilbur’s award-winning SaaS platform streamlines insurance claims by providing greater flexibility, scalability and speed. Our suite of configurable modules offers out-of-the-box flexibility to help you manage your claims, your way - creating your own claim workflows from first notification through to completion. With 20+ years of on-the-ground experience, we know first hand that insurance claims can be hard – and that’s why insurers, TPAs, brokers and insurance builders trust Wilbur to deliver better claim outcomes at scale. For the seen and the unforeseen. For the predictable and the unpredictable. Where there’s Wilbur, there’s a way. For sales enquiries, contact us at 1300 937 973. Celent, a renowned authority in the industry, has identified Wilbur as a' Technology Standout' in its prestigious 2024 Claims Systems Vendors report. This prestigious recognition highlights our commitment to delivering innovative solutions that empower insurers across APAC to streamline claims management processes effectively.

Revenue
$3.4M
Team size
31
6JW Software logo
JW Software

St Louis, Missouri, United States

Owner and operator of a management software technology company intended to focus on development and support of product-based insurance technology. The company's cloud-based technology includes file handler and policy handler which manage policies and insurance claims, enabling clients to streamline operations, increase production and lower costs.

Revenue
$3.2M
Year founded
1989
Team size
37
7ClaimSorted logo
ClaimSorted

United States

Making it easy for insurance companies to process claims

Revenue
$3M
Year founded
2024
Team size
20
8TPA Stream logo
TPA Stream

Cleveland, Ohio, United States

Developer of a cloud based middleware software platform designed to make health benefits easier for employees and administrators. The company's web-based software automates claims collections for insurance industry third-party administrators and helps TPAs streamline their process and increase efficiency while eliminating the need for individuals to send paperwork to claims administrators, enabling third party administrators to save time managing claims and reduce the burden on participants and their employers.

Revenue
$3M
Year founded
2014
Team size
25
9VCA Software logo
VCA Software

Bolton, Ontario, Canada

LEVEL UP WITH VCA SOFTWARE INC. Dreaming of happy, efficient claim handlers; fast, accurate claims resolution; and 5-star policyholder ratings? Our agile, future-ready claims management platform enables your people to perform like rockstars, and equips your company with scalable, intuitive processes to fuel profitable growth. VCA Software is the technology of choice for adjusting firms, self-insured companies, captives and small to mid-size carriers. Our ecosystem of solutions includes API capabilities, custom integrations, robust customization, analytics and embedded AI. Request a demo and discover the VCA difference. But be warned: Those who take the time to truly evaluate the potential ROI of VCA Software are often shocked to discover how much their legacy system is costing them. Instead of asking if they can afford VCA Software, they’re suddenly asking if they can afford another day without it.

Revenue
$2.3M
Year founded
1998
Team size
21
10Elysian logo
Elysian

Nashville, United States

Elysian is an AI-native Third-Party Administrator (TPA) transforming insurance claims handling by combining purpose-built AI with elite claims expertise. Our proprietary Claim Conductor platform works alongside our experienced adjusters with deep specialty expertise to handle complex commercial claims for insurance carriers, MGAs, fronting carriers, specialty programs, self-insureds, and captive insurers. Founded by a claims team that has managed over $30B+ in specialty insurance claims and built by engineers from leading technology companies, we understand the challenges of claims processing from both insurance and technology perspectives. We deliver measurably superior outcomes through two core services: ➡️ Full-Service Claims Administration: Our AI-orchestrated platform and elite adjusters (averaging 15+ years experience) handle commercial claims from FNOL to resolution ➡️ Dynamic Claim Review: Our technology enables analysis of up to 100% of claims portfolios, not just samples What are those superior outcomes? Lower allocated loss adjustment expenses, improved loss ratios, reduced litigation rates, and faster claim resolution. Elysian addresses the industry's critical challenges—the adjuster brain-drain crisis, outdated technology, and the "messy middle" where claims get stuck and costs rise—by transforming how claims are handled, not just digitizing paperwork in outdated systems.

Revenue
$2.2M
Year founded
2024
Team size
20

Frequently asked questions about Insurance Claims Management Software Companies With $1M–$5M Revenue

How many insurance claims management software companies with $1M–$5M in annual revenue are there?

Latka tracks 20 insurance claims management software companies with $1M–$5M in annual revenue. Together they generate $49.1M in annual revenue and employ 477 people.

Which insurance claims management software company with $1M–$5M in annual revenue is the largest?

Stream is the largest, with $4.8M in annual revenue, founded in 2022.

How much revenue does a typical insurance claims management software company with $1M–$5M in annual revenue make?

The average insurance claims management software company in this list makes $2.5M a year, across 20 companies with reported revenue.

Who are the leading Insurance Claims Management software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Stream, Klaim, GloveBox, ClearRisk Inc. and Wilbur.

How much funding have insurance claims management software companies with $1M–$5M in annual revenue raised?

The 20 insurance claims management software companies with $1M–$5M in annual revenue tracked here have raised $11.1M in disclosed funding between them.

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