Kfin Technologies Acquires 17% Stake Layak Singh’s Artivatic.ai (Insurtech; SLP Bangalore, 2014)

Artivatic is a global risk & decision-making platform that automates human decisions in insurance & healthcare to provide efficiency, transparency, risk assessment, personalization and digitization in the entire lifecycle of operations . The platform uses deep machine learning and proprietary algorithms to offer insurance & healthcare solutions like smart risk underwriting, alternative data insights, realtime personalized product offering & automated onboarding, claims automation, sales & distribution, self branch servicing, customer 360, insights and analytics, Artivatic empowers insurance & healthcare businesses and developers to re-imagine insurance & health products for the next billion users.

At Artivatic, they are constantly building low-cost, modular API infrastructure so that insurance businesses /hospitals can go live in a matter of days, not months.

Artivatic is transforming legacy, traditional, complex and 'one size fits all' in to personalized, digital, instant, risk based, new age insurtech that touches human lives, understand their need, use data to provide them better, need based products instantly using technology. Artivatic aims to provide personalized insurance products based on customer goals/need under 60 seconds using data, technology and process.

The acquisition will mark the General Atlantic-backed fintech firm’s foray into India’s insurtech space as the firm looks to diversify beyond offering registry services to mutual funds, corporates, pensions and other asset classes.

Artivatic.ai, meanwhile, will use the capital to expand its product portfolio and foray into new geographies in India. Artivatic.ai specialises in providing risk-based automated solutions to insurers to streamline underwriting, claims settlement and fraud management.

Read more: https://bit.ly/3yPhcxL

Website: https://new.artivatic.ai/