The insurtech startup Artivatic helps large insurance companies with credit underwriting and risk profiling

Source: YourStory Media

Author: Sohini Mitter

Insurtech startup Artivatic.ai [Insurtech] , Co-founded by Layak Singh and Puneet Tandon, helps legacy insurance companies segment and profile customers with smart AI and human brain-like systems. The Bengaluru startup is backed by the Indian Angel Network.

Artivatic.ai [Insurtech] assists insurance companies to build personalised risk profiles of customers, track and understand their financial and behavioural journeys, and develop real-time intelligence based on those patterns. It has built proprietary and patent-pending credit underwriting technology for risk scoring and dynamic profiling of insurance customers.

Artivatic.ai [Insurtech] has developed a low-cost modular #API infrastructure that can plug and play into businesses and allow insurance companies to go live with their digital operations in a matter of days.

Artivatic.ai [Insurtech] is also gearing up to raise a Series A round of over $3 million in the next four to six months. It will utilise the funds to acquire new talent and grow its 35-member team, enhance its products, improve customer engagement, and expand across Southeast Asia.

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This IIT grad's startup helps large insurance companies with credit underwriting and risk profiling

Layak Singh founded Cogxio, a hyperlocal networking and discovery platform, in 2014. The IIT Kharagpur graduate-turned-serial entrepreneur had earlier launched a test prep and learning platform, a college dating platform for IITians, and a lifestyle publication. But it was at Cogxio that he came face-to-face with consumers who transacted online after complex discovery and decision-making processes.