London-based Qlaims raises £1 million
Property claims specialist Qlaims Limited announced it has raised £1 million in its second round of seed funding led by West Hill Corporate Finance. The raise completes Qlaims’ seed funding raise of £2.3m. The investment will be used to accelerate the growth of Qlaims’ secure video streaming platform and claims advocacy insurance cover.
Qlaims, via its tech unit QlaimsTech, supplies video streaming and drone technology to insurers, loss adjusters and brokers. Also, its MGA unit Qlaims Insurance delivers a professional claims preparation and negotiation service for valid commercial property claims of over £5,000.
“The successful close of this fundraise is testament to the strength of the company’s proposition and its team. Since lockdown, we have experienced a surge of intermediaries keen to take up our offer of free video-streaming with every Qlaims Insurance agency taken up. Brokers are using our free video streaming not only for claims but also for pre-risk surveys, mid-term variations and any visit where evidential footage is required. We are becoming an integral part of the new norm for working. We are pleased to see so much interest in Qlaims Insurance and its newly updated loss recovery insurance, which forms part of the industry’s response to the FCA’s requirement to improve the customer claims journey. This together with recent events highlight the benefit of having a professional loss adjuster present their case to insurers and advocate on their behalf.” – Qlaims CEO, Malcolm Harvey.
About Qlaims
Qlaims Ltd is the holding company for QlaimsTech and Qlaims Insurance. It was founded by CEO Malcolm Harvey in 2017.
QlaimsTech sources and develops technology to support the property claims process. It provides voice and video streaming software for the reporting of claims via smart phone or other mobile device. Qlaims’ also has a national network of independent Qlaims Responders that trained and ready to be deployed on site to take photos or live stream videos. It also provides an online claim tracking tool, ClaimsTrack for use by brokers.
Qlaims Insurance is a managing general agent that provides claims advocacy insurance and services. It is regulated by the FCA with capacity provided by A++ rated HSB Engineering.
