# ICO\-LUX
> Document forensics and AI\-powered fraud detection for insurance claims
## At a glance
| Field | Value |
| --- | --- |
| Category | Claims Technology |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | Jena, Thuringia, Germany |
| Founded | 2018 |
| Stage | Startup |
| Employees | 11-50 |
| Funding | Seed |
## Overview
ICO-LUX is a document forensics and fraud detection software provider for insurance carriers, built to automate verification of documents submitted during claims. Founded in 2018 as a spin-off from Friedrich-Schiller-University Jena and TU Ilmenau, the company targets claims departments at P&C and L&A carriers that need to detect forged invoices, manipulated medical records, and other falsified supporting documents.
The product suite -- ICO.Fraud, ICO.Match, and ICO.Link -- combines computer vision, machine learning, and cryptography to analyze submitted documents in real time. ICO.Fraud flags suspicious materials with explainable AI reasoning aligned with the EU Explainable AI Act, keeping final decisions with human reviewers. ICO.Match handles document classification and matching within claims workflows. ICO.Link enables cross-carrier fraud detection through GDPR-compliant encrypted data sharing. Deployment options include cloud SaaS and on-premise.
ICO-LUX raised a seed round in December 2020 backed by High-Tech Gruenderfonds (HTGF), VENPACE, and the Thuringian Ministry of Economics. The Jena-based team of approximately 11-12 employees is composed primarily of researchers with doctoral degrees in mathematics, physics, and computer science. The company serves the German insurance market and is expanding into banking and financial services.
## Products & services
### ICO\.Fraud
Automated fraud detection software that analyzes documents submitted in insurance claims using AI and document forensics. The system identifies forged, manipulated, or suspicious materials in real time and generates explainable reasoning for each detection, compliant with the EU Explainable AI Act. Human decision-makers retain final authority.
**Key features:**
- Real\-time detection of forged and manipulated documents
- Explainable AI output for each flagged case
- Covers invoices, medical records, receipts, and claims documentation
*Target users:* Claims departments at insurance carriers
### ICO\.Match
Document processing and matching tool for insurance claims workflows. Classifies and recognizes submitted documents and enables rapid cross-referencing of materials within a claim, supporting triage of incoming documentation.
**Key features:**
- Automated document classification and recognition
- Cross\-referencing and matching of claims documents
- Accelerates triage in claims intake processes
*Target users:* Claims processing teams at carriers
### ICO\.Link
Cross-insurer fraud detection and data sharing platform. Enables carriers to detect fraud schemes that span multiple insurers while preserving GDPR compliance through encrypted, multi-stage data protection.
**Key features:**
- Cross\-carrier fraud pattern detection
- GDPR\-compliant encrypted data exchange
- Collaborative fraud intelligence for insurance carriers
*Target users:* Fraud investigation teams at insurance carriers
## Category & focus
- Subcategories: Fraud Detection, Document Management, Document Forensics
- Insurance verticals: P&C Personal, P&C Commercial, Life & Annuity, Health
- Target customers: Carriers
## Links
- Website:
- Directory profile:
- Blog:
- Careers:
- Linkedin:
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*Last updated: 2026\-07\-11*