Qantev

What it does

Company Summary Qantev builds AI-powered software to help health and life insurers manage claims more efficiently. Its platform combines medical expertise with advanced automation to detect fraud, streamline decisions, and reduce costs. Qantev supports insurers in over 10 countries, improving accuracy and speed across the entire claims process. The Problem Health and life insurers face rising claims due to aging populations and chronic disease. Manual workflows, siloed data, and outdated systems lead to high costs, slow decisions, and missed fraud. Operational teams are stretched, and customers are left waiting. The Solution Qantev uses specialized AI models trained on insurer data to automate key steps in the claims process. It extracts information with optical character recognition (OCR), flags suspicious patterns, and helps adjudicators make better decisions. The platform is modular and quick to deploy, reducing claim costs by up to 10% and improving customer satisfaction by 25%. Funding In October 2024, Qantev raised €30M in a Series B led by Blossom Capital, with participation from Elaia, Omnes, and Raise Ventures. The company has raised over €40M to date.