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Sedgwick delivers tech-enabled risk, benefits, and integrated business solutions, functioning as a third-party administrator (TPA) for claims management and loss adjusting. The firm provides comprehensive services across diverse industries, utilizing advanced technology and analytics to streamline operations. Core capabilities include expert claims handling, accurate loss assessment, and administrative support, mitigating client risks, ensuring business continuity.
The company was founded in 1969 by Robert "Bob" Young, who recognized a significant market opportunity serving self-insured employers. Young established Sedgwick Claims Management Services, Inc. to offer specialized third-party administration for workers’ compensation and disability programs. This insight addressed the growing need for independent, expert claims handling for companies managing their own risk.
Sedgwick serves a broad spectrum of clients, from large corporations to public entities, seeking optimized claims and risk management. Its vision is to be a global partner in caring for people and reducing loss impact. It aims to restore health and productivity for individuals and efficiently manage assets for businesses, fostering resilience.
Key people at Sedgwick.
Sedgwick was founded in 1969 by Robert Bob Young (Founder).
Sedgwick was founded in 1969 by Robert Bob Young (Founder).
Sedgwick has 2 tracked investments across 2 companies. The latest tracked deal is $21.0M Series A in EvolutionIQ in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2022 | EvolutionIQ | $21.0M Series A | Brewer Lane Ventures | 8VC, Andreessen Horowitz, Color Capital, Contrary Capital, Element Ventures, Jenny Fielding, Scott Hartley, FinTech Collective, FirstMark Capital, First Round Capital, Foundation Capital, Founder Collective, Insight Partners, MS&AD Ventures, Pioneer Fund, ULU Ventures, Jaime Schmidt, Konstantin VON Unger, Scott Banister, Altai Ventures, Asymmetric Ventures, Guardian Life, NEW York Life, Reliance Standard Life |
| May 1, 2019 | Snapsheet | $29.0M Series E | Tola Capital | Ayana Capital LLC, Glilot Capital Partners, F Prime Capital, Liberty Mutual Strategic Ventures, Nationwide, OCA Ventures, State Auto Labs Fund, USAA |