Aviva Ventures has invested in Indico Data to enhance the adoption of AI-powered automation solutions in the insurance industry, fostering efficiency in managing unstructured data.

Information on the Target

Indico Data, headquartered in Boston and London, specializes in AI-powered automation solutions tailored for the insurance industry. The company is focused on helping insurers manage unstructured data, which can be a significant barrier in the industry.

By leveraging advanced machine learning capabilities, Indico aims to transform how insurers handle critical processes such as submission intake, claims workflows, and policy servicing. Their Agentic AI platform is designed to streamline operations and enhance decision-making by converting complex data into actionable insights.

Industry Overview in the Target’s Specific Country

The insurance sector in the United Kingdom is increasingly embracing technological advancements as traditional business models evolve. Insurers are under pressu