Artivatic AI

AI-native platform for underwriting, claims, and insurance lifecycle automation

Underwriting & Risk Established Acquired

Overview

Artivatic AI is an AI-powered SaaS platform for insurance automation, serving carriers, brokers, TPAs, re-insurers, and healthcare providers primarily across life, health, and commercial insurance segments. The platform covers the full insurance lifecycle -- sales enablement, onboarding, quoting, underwriting, claims processing, and customer service -- through a modular, API-first architecture.

The platform is organized around several distinct product lines: AUSIS for AI-driven underwriting risk scoring, ALFRED HEALTH for end-to-end health claims automation, and INFRD for cloud-based insurance API infrastructure (400+ APIs across 700+ functionalities). Additional modules address distribution, product design, lead management, and embedded insurance. Deployment options include SaaS, on-premise, and API/SDK integration. The platform integrates natively with core systems such as Salesforce, Guidewire, and Duck Creek.

Artivatic raised USD 1.43M in a Series A round in early 2022 and was subsequently acquired by RenewBuy for USD 10M in February 2022, becoming part of the RenewBuy Group. The company counts SBI Life Insurance, ICICI Prudential Life, Aditya Birla Sun Life Insurance (ABSLI), and Aegon (Bandhan) Life Insurance among its insurance carrier customers.

Products & Services

AUSIS (AI-driven Smart Underwriting System)

An AI and third-party data-driven underwriting platform providing real-time, personalized risk scoring and automated decisions for medical, life, SME, financial, and commercial underwriting.

Key Features

AI-driven underwriting decision engine
Multi-line support: medical, life, SME, commercial
Real-time personalized risk scoring

Target Users: Life and health carriers, commercial insurers

ALFRED HEALTH (AI Health Claims Platform)

An end-to-end health claims automation platform connecting patients, providers, and insurers. Supports real-time claims settlement and 360-degree health ecosystem management.

Key Features

Automated health claims adjudication
Real-time settlement capabilities
Integration with provider networks and TPA workflows

Target Users: Health carriers, TPAs, healthcare providers

INFRD (Insurance APIs Cloud Platform)

A cloud-based API marketplace providing 400+ APIs across 700+ insurance functionalities, enabling carriers and technology teams to modernize infrastructure and build new insurance products.

Key Features

400+ REST APIs covering underwriting, claims, and distribution
Location Intelligence with geospatial data (BETA)
Code-free integration options

Target Users: Carriers, technology teams, insurtech builders

ASPIRE

A group health and SME business insurance platform designed for employee benefit programs and small business coverage. Enables real-time policy issuance and personalized coverage structures.

Key Features

Group health underwriting and issuance
SME/business insurance with real-time bind
Personalized coverage design

Target Users: Employers, group benefit carriers, TPAs

PRODX Design

A product design tool using historical underwriting, claims, and location data to create risk-based insurance products in under 60 minutes.

Key Features

Risk-insight-driven product configuration
Geospatial and historical data integration
Rapid product launch workflow

Target Users: Product teams at carriers, MGAs

PRODX Distribution

An embedded insurance and B2B2C distribution platform enabling partners, brokers, and distributors to integrate and sell insurance products.

Key Features

Embedded insurance API integration
B2B2C white-label distribution
Partner onboarding and management

Target Users: Brokers, distributors, insurtechs, banks

MiO (Management Integrated Operations)

A sales and marketing automation platform for insurance agents and advisors, covering lead management, scoring, and agent point-of-sale workflow.

Key Features

Lead management and scoring
Unified agent point-of-sale (PoS) workflow
CRM and pipeline management

Target Users: Agents, brokers, insurance distributors

At a Glance

Founded: 2017
Headquarters: Bengaluru, India
Employees: 51-200
Funding: Acquired

Category & Focus

Category: Underwriting & Risk
Subcategories: Claims Technology Insurtech Infrastructure Distribution & Sales
Insurance Verticals: Life & Annuity Health Group Benefits P&C Commercial
Target Customers: Carriers, Brokers, TPAs, Reinsurers

Customers

SBI Life Insurance (Intelligent Document Processing for medical underwriting)
ICICI Prudential Life Insurance (smart underwriting and customer risk profiling)
Aditya Birla Sun Life Insurance (underwriting automation with AUSIS and ProdX)
Aegon (Bandhan) Life Insurance (alternative underwriting services)
R1 RCM (proof of concept and ongoing development)