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Owl.co

Human-centric enterprise AI solutions for insurance claims processing, fraud detection, and claims monitoring.

Claims Technology Growth Series B
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Overview

Owl.co is an insurtech company that develops enterprise AI solutions designed to empower insurance claims teams with greater accuracy, speed, and fairness. The company's platform connects to tens of thousands of trusted data sources, automatically aggregating and synthesizing millions of data points to deliver evidence-based insights for claims decisions. Owl.co's technology addresses the insurance industry's estimated $80 billion fraud problem while maintaining a commitment to eliminating bias from the detection process.

Founded in 2018 in Vancouver, Canada, Owl.co has grown rapidly to serve many of North America's largest insurance providers, including seven of the top ten tier-1 U.S. carriers. The company focuses primarily on disability and workers' compensation claims, providing tools for fraud detection, eligibility monitoring, and claims intelligence. Owl.co has processed over 1.5 billion claims documents and reviewed more than 4 million claims.

Owl.co distinguishes itself through its unbiased approach, deliberately excluding claimant demographic data such as age, gender, neighborhood statistics, and race from its models. The platform delivers a reported 10-fold ROI and detects five times more non-eligible claims than competing solutions, according to the company.

Products & Services

OwlVision

AI-powered document processing technology that extracts critical claim data from medical documents and legal papers at scale. Handles document separation, summary generation, data organization, extraction, linking, and claim chronology.

Key Features

  • Converts unstructured documents into structured data
  • Processes medical and legal documents at scale
  • Automated document separation and chronology building
  • Data extraction and linking across claim files

Target Users: Claims examiners and document review teams

OwlAssist

Generative AI tool that provides conversational research capabilities for claims data. Summarizes documents, answers custom queries, and builds comprehensive reports with evidence citations.

Key Features

  • Personalized claim overviews and summaries
  • Custom case research with evidence-backed citations
  • Document generation capabilities
  • Multi-source insight aggregation

Target Users: Claims adjusters and investigators

OwlSignal

Deterministic AI analytics engine that uncovers insights and highlights critical findings for evidence-based outcomes. Provides real-time monitoring with adaptive insights while precluding bias.

Key Features

  • Evidential knowledge analysis of claim files
  • Real-time claim monitoring
  • Adaptive insights and pattern detection
  • Anti-bias measures built into analysis

Target Users: Claims managers and SIU teams

OwlEnrich

Data enrichment service that provides access to external data sources for enhanced claimant information. Offers API-driven retrieval with intelligent filtering.

Key Features

  • Extensive external data source coverage
  • API-driven data retrieval
  • AI-powered data matching
  • Intelligent filtering and prioritization

Target Users: Investigators and claims research teams

At a Glance

Founded
2018
Headquarters
Vancouver, BC, Canada
Employees
51-200
Funding
Series B

Category & Focus

Category
Claims Technology
Subcategories
Fraud detection claims monitoring claims automation document intelligence
Insurance Verticals
Workers Compensation P&C Commercial Life & Annuity Group Benefits
Target Customers
Carriers

Customers

  • Seven of the top ten tier-1 U.S. insurance carriers (names not publicly disclosed)

Links

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Last updated: 2026-03-25