At Insurtech Gateway, we’re proud to announce our investment in Klaimy, an LLM-powered medical claims and underwriting automation platform. Founded in Paris, Klaimy is redefining how insurers and brokers process complex medical documents, offering a transformative solution in a sector long overdue for change.
A critical, costly problem in insurance
Processing medical documents is one of the most manual and error-prone functions in health and protection insurance. In both claims and underwriting, insurers are burdened with unstructured, difficult-to-interpret data, leading to long processing times, suboptimal decisions, and rising costs.
Klaimy automates this. Using proprietary GenAI and NLP models, their API extracts and structures data from diverse formats – think medical reports, electrocardiograms, even blood test results. It identifies anomalies, enriches documents with fraud checks, and outputs structured insights directly into insurer workflows.
It’s this ability to parse deep medical semantics, not just surface-level OCR, that sets Klaimy apart.
Domain expertise meets technical excellence
We were immediately impressed by Amira Nakouri (CEO), a former strategy consultant who led claims digitalisation at large French insurers. Amira’s work on claims processing and insurance transformation uniquely positions her to lead Klaimy’s market entry and growth. She’s joined by Yazid Hadni (CPO), equipped with rich data science experience, having built AI-based underwriting tools for La Mutuelle Générale previously. Juan Barragan (CTO) is a machine learning PhD and ex-CTO with 15 years’ experience who has built scalable data products in previous startups.
The trio blends deep domain understanding, proven technical execution, and are already proving commercial traction.
They’ve bootstrapped the business to this point, securing paying clients in under seven months.
Market validation within months
Despite only launching in 2024, Klaimy has already:
- Secured five paid contracts across mid-sized corporates including:
- Magnolia, a top MGA in loan insurance
- Entoria, a Tier-1 MGA processing 200k medical bills annually (€20k ARR pre-negotiated)
- Diot Siaci, a leading multi-specialist insurance and reinsurance brokerage and consulting group
- UGIP, an independent wholesale broker
- UTWIN, a fintech startup in France specializing in borrower insurance
- Built a commercial pipeline of 60+ prospects across France and Europe, with a growing list of LOI’s with leading MGAs, BPOs, and health insurers
- Demonstrated unrivalled performance levels with
+98% accuracy tested with first clients, and +70% document handling costs savings
These early wins suggest strong product-market fit for mid-sized corporates and MGA segments, an open space where incumbents often lack the in-house capacity to automate workflows effectively.
Timing is everything
Medical claims and underwriting processes are set to change, with AI in healthcare expected to reach $148B globally by 2029. Klaimy is part of this wave, building scalable infrastructure to serve insurers’ real pain points. And they’re doing it in a way that fits – configurable APIs that slot neatly into legacy stacks. Unlike other competitors focusing on large incumbents or generic document parsing, Klaimy is laser-focused on the mid-tier market, where configurable AI tools can deliver immediate ROI.
What’s next, now we have invested in Klaimy?
Klaimy’s immediate roadmap focuses on GenAI Medical assessment, international expansion and building effective relationships with distributors. Amira has bold plans to scale to
40+ clients by 2027
expanding the product to include fraud detection and predictive risk modelling, across multiple lines. With their combination of AI expertise, sector insight, and a clear go-to-market strategy, we believe Klaimy is positioned to become a core infrastructure layer for modern insurers.
We’re thrilled to be leading Klaimy’s €1.2m pre-seed round as they reimagine medical document automation for insurers globally.
Welcome to the Gateway family!
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