An insurance technology company reimagining the insurance claims process has appointed former Tractable executive Roi Amir as CEO.
Sprout.ai, third on our InsurTech 50 ranking last year, said co-founder Niels Thone will step down as CEO and into the role of chief growth officer.
Sprout’s vision is to help over 100 million people with their insurance claim by 2030. It has developed computer vision and natural language processing technology to deliver an automated solution from the moment a claim is received to the final settlement.
The technology is used by some of the world’s largest insurance companies, including Zurich. It is designed to make the insurance claims process fast and efficient for end customers, at a time they are most vulnerable: for example, after being diagnosed with a long-term health condition.
Amir has led large global software teams developing B2B software products and has deep operational and commercial experience in CTO and CCO positions. In his previous role as VP of engineering for InsurTech AI company Tractable, he was instrumental in scaling the customer base and revenue as it secured a unicorn valuation in June 2021.
“I am humbled and excited to have this unique opportunity to lead Sprout.ai. We have a strong business proposition, the team is world-class and there is a clear demand for our product in the insurance market,” said Amir.
Sprout.ai was founded in 2018 by Thone, Gregoire Cadel and Raphael Guth.
“Niels, [CTO] Niclas [Stoltenberg] and the entire team have built a great company with mind-blowing technology and we will work together to continue to grow it,” added Amir.
Thone said: “Roi’s appointment follows a successful year for Sprout.ai. We have raised Series A funding, attracted several global Tier 1 insurers, tripled the team, and continued to build an amazing product that automates the insurance claims process.
“Our ultimate goal at Sprout.ai is to become the global leader in claims automation. We can see the road ahead on this fast growth journey and the milestones we need to hit to achieve this.
“Roi brings the experience we need to get there, including the best routes to take and potential mistakes to avoid. Execution is key to achieving our ambitious goals, and having Roi on board will be instrumental in helping us to get there.”
Sprout.ai has raised a total of £10.5 million in equity funding from Octopus Ventures, Amadeus Capital Partners and Playfair Capital.