Owl Labs Inc.

owl.co is a fraud detection platform empowering insurers to streamline disability claims management and to unlock millions of dollars in reserves. By analyzing external data from thousands of databases, owl.co flags upto 4x more suspicious activities than manual processes.

Owl Labs Inc. operates in insurtech based in Silicon Valley, California, founded in 2014.

Profile

"Owl Labs Inc. is a leading fraud detection platform that empowers insurers to optimize disability claims management and unlock substantial reserves. By leveraging external data from numerous databases, owl.co identifies up to 4 times more suspicious activities than traditional manual processes. Disability fraud poses significant financial challenges, and Owl's innovative tool offers a swift solution, delivering millions in savings. With a proven track record of generating a 10-15x ROI for major insurers in North America within a short payback period, Owl enables the identification of fraudsters and the release of reserves for legitimate claims, resulting in an average of approximately $200k per claim. Recent outcomes demonstrate Owl's ability to detect a higher volume of suspicious disability claims in a compliant manner, facilitating the release of substantial funds for clients. Through non-discriminatory claim monitoring and audit trail capabilities, Owl Labs Inc. continues to drive efficiency and integrity in the insurance industry."

Its activity falls under insurtech; the profile below is assembled from public directory data.

Its base of operations is Silicon Valley, California.

It is recorded at the Regulation D stage.

It has disclosed roughly $6M in funding.

Website: owl.co