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Founded Year

2018

Stage

Acquired | Acquired

Total Raised

$1.87M

Valuation

$0000 

About Artivatic

Artivatic offers a digital risk and decision-making full-stack insurance technology platform. It automates, sales, process, onboarding, quote, underwriting, claims, servicing, and product design. It offers products such as Aspire which provides insurance, Ausis which offers underwriting services, and more. The company was founded in 2018 and is based in Haryana, India. In February 2022, Artivatic was acquired by RenewBuy.

Headquarters Location

Plot No-94, Sector 32 RenewBuy Building 2nd Floor

Haryana, 122001,

India

08049719935

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Artivatic's Product Videos

ESPs containing Artivatic

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / Life Insurance Tech

The insurance fraud detection market supports the detection and prevention of fraudulent activity in the insurance industry. Vendors offer a range of automated solutions that allow users to improve operational efficiency, reduce claims process and fraud costs, and deliver improved customer experiences. Solutions are targeted at insurance companies with a need for automation and standardization of …

Artivatic named as Challenger among 15 other companies, including Verisk, FRISS, and Shift.

Artivatic's Products & Differentiators

    AUSIS

    Smart AI Driven Underwriting automation & decisioning platform for both life & health insurance.

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Research containing Artivatic

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Artivatic in 2 CB Insights research briefs, most recently on Nov 10, 2023.

Expert Collections containing Artivatic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Artivatic is included in 4 Expert Collections, including Insurtech.

I

Insurtech

4,196 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

11,617 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

F

Fintech

12,502 items

Excludes US-based companies

D

Digital Health

10,804 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Artivatic Patents

Artivatic has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/28/2017

Data management, Summary statistics, Database management systems, Collective intelligence, Machine learning

Application

Application Date

11/28/2017

Grant Date

Title

Related Topics

Data management, Summary statistics, Database management systems, Collective intelligence, Machine learning

Status

Application

Latest Artivatic News

Canara HSBC taps Artivatic.AI to streamline insurance process

Oct 13, 2023

To digitise insurance operations, Canara HSBC Life Insurance will leverage the Mio Platform of Artivatic. Artivatic’s Mio Platform utilises Flutter technology to deliver real-time data to iOS and Android devices. India’s Canara HSBC Life Insurance has forged a partnership with insurtech company Artivatic.AI to enhance its processes, according to a press release posted on CXOtoday.com . Via collaborations with banks and various other distribution networks across Tier 1, 2 and 3 cities in India, Canara HSBC Life Insurance delivers life insurance offerings for its clients. Go deeper with GlobalData The new alliance will aid Canara HSBC Life Insurance in executing the digitisation of its insurance operations, such as onboarding of policies and quotations, simplifying payment methods and carrying out pre-insurance validations, among others. For this approach, Canara HSBC Life Insurance will leverage the Mio Platform, a tech-integrated insurance offering of Artivatic.AI. To deliver real-time data to iOS and Android devices, this platform utilises Flutter technology, a combined solution that can cut down the operational and maintenance expenditures of businesses. Leveraging these technologies can help insurance companies increase insurance penetration across the nation, the company noted. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Submit I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the privacy policy Submit and download Canara HSBC Life Insurance spokesperson Sachin Dutta said: “We are very happy to partner with Artivatic.AI, which will aim at facilitating seamless distribution of life insurance products to our customer base. “We expect Artivatic.AI’s unified sales and distribution platform to help in improving the next-gen digital sales, operations and consumer-led conversions. A bancassurance-led insurer, Canara HSBC Life Insurance is a joint venture between Canara Bank and HSBC Insurance (Asia-Pacific). Artivatic.AI co-founder Layak Singh said: “The current partnership of Canara HSBC Life Insurance and Artivatic.AI is aimed at solving the long-standing insurance industry requirements related to underwriting, information and data verification. “Artivatic’s tech integration will help in reducing the operation costs and improve the turnaround time for insurance processes of Canara HSBC Life Insurance.” Share this article

Artivatic Frequently Asked Questions (FAQ)

  • When was Artivatic founded?

    Artivatic was founded in 2018.

  • Where is Artivatic's headquarters?

    Artivatic's headquarters is located at Plot No-94, Sector 32, Haryana.

  • What is Artivatic's latest funding round?

    Artivatic's latest funding round is Acquired.

  • How much did Artivatic raise?

    Artivatic raised a total of $1.87M.

  • Who are the investors of Artivatic?

    Investors of Artivatic include RenewBuy, KFin Technologies, Finance Forward India, Indian Angel Network, Scale Venture and 11 more.

  • Who are Artivatic's competitors?

    Competitors of Artivatic include Vitraya and 4 more.

  • What products does Artivatic offer?

    Artivatic's products include AUSIS and 4 more.

  • Who are Artivatic's customers?

    Customers of Artivatic include Aditya Birla life Insurance, Aegon Life Insurance and Bajaj Life insurance.

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i
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X
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