Elysian

Elysian is a third-party administrator (TPA) that has developed an AI-orchestrated platform to modernize commercial liability claims handling. The company launched on January 1, 2025, with $3 million in pre-seed funding led by American Family Ventures. Elysian was co-founded by Grace Hanson, a seasoned insurance executive with experience at companies like Hiscox and Hippo Insurance, and Dinyar Mistry.

Hanson's motivation to start Elysian came from her experience in the industry, where she observed that the traditional claims handling process was inefficient and costly. The company's proprietary AI Claim Conductor technology is designed to streamline the claims process by automating tasks like data entry and initial assessments. This approach allows human adjusters to focus on higher-value tasks such as negotiation, complex decision-making, and customer service. Elysian's platform aims to reduce handling costs, improve loss ratios, and provide greater transparency through real-time updates and analytics.

Elysian serves clients such as MGAs, insurance carriers, fronting carriers, and captives, offering end-to-end claims handling, from first notice of loss to settlement. While capable of handling all commercial property and casualty claims, the company specializes in high-complexity claims where deep expertise is critical. The platform's architecture is line-agnostic, allowing it to adapt across various insurance products. By combining experienced adjusters, who average 15 years in the industry, with its purpose-built AI, Elysian seeks to empower claims professionals and improve outcomes for both insurers and claimants.

Keywords: commercial claims, third-party administrator, TPA, claims handling, AI platform, insurtech, liability claims, loss ratios, claims administration, risk management, claims processing, AI Claim Conductor, Grace Hanson, commercial property, casualty claims, insurance technology, claims management, AI-orchestrated, claims automation, compliance management