Discover more from Artivatic Insurtech & Healthtech - AI/GenAI/SaaS Insights
REWIND 2021- Reminiscing Artivatic’s Best Moments and Achievements!
Artivatic was born 3 years ago to empower insurance & healthcare businesses and developers to re-imagine insurance & health products for the next billion users. The journey began with the vision of becoming the final word in the insurance ecosystem.
The aim was always to build new-age insurance solutions and products to automate processes, mitigate risk assessment, and make insurance available 24/7 via tech-led platforms. The only way to proceed was by replacing outdated legacy with AI-led customer-centric digital platforms, and that’s the challenge the startup accepted.
Three years on, Artivatic is already fast-tracking into its next phase of growth by following its set course. Being able to provide the whole gamut of new-age insurance offerings with no hassle is the long-term vision—everything from offering seamless health benefits via the chosen networks to AI-driven automated, personalized processes that offer risk systems, the start-up wants to foresee every need in this business and cater to it.
As we marched ahead, putting the pandemic behind us we bucked the trend and knocked the challenges straight out of the park!
Expanded Product Portfolio
The brand Artivatic emerged over three years after traversing through various challenges and enlightening lessons. However, the only constant across this journey has been the ‘excellent people’ that have associated their future on a promise and ‘dream’ that the brand Artivatic managed to create.
Moving ahead, we launched a bedrock of next-gen insurance products and solutions to simplify risk assessment, process automation & digital use to enable access to insurance with our technology-driven innovations.
ASPIRE - Group Health & SME /Commercial Insurance End to End Platform- End to end Group/Employee Health Platform with the integration of 15000+ provider networks, enrolment, OPD, Doctor consulting. End-to-end Platform for SME & Commercials insurance risk intelligence, onboarding, quote, payment, issuance, and servicing as DIY.
ALFRED - AI Claims Decision & Automation Platform for Life, Health & Auto- One integrated platform for all your claims needs. Provide end-to-end claims automation and assessment platform inbuilt with OCR/ICR, Image recognition, fraud intelligence, settlement, and customer experience. Tariff management, provider management, patient platform, payment & settlements. Life claims preparation, automation, and decision making.
MIO - AI Sales, Quote & Marketing Automation Platform for financial services - AI Based lead scoring, lead management, quote, sales management, engagement, analytics, ai based nudge, team management, marketing & advertising, content creation, product led selling, cross & upsell, managing end to end sales journey with data & AI.
AUSIS - AI Smart Underwriting & Automation Platform- A customized AI-built & 3rd party data driven smart, real-time & personalized Underwriting Platform for Insurance for decision making, risk analysis, auto-STP, Location intelligence, early claims, face & image recognition, OCR/ICR automation and more for Life, Health & SME insurance.
ProdX Design – A holistic Next-Gen rapid new-age product & rules design with risk insights- ProdX Design allows the use of historical data, underwriting risks, claims, location/geospatial data, and more to provide insights for creating risk-based products under 60 mins. Manage rules on the fly without code.
ProdX Distribution – A customized B2B2C distribution and embedded insurance platform for businesses- Self-Service API-Driven SaaS Platform allowing partners /brokers/distributors to integrate insurance products for sale to their customers.
Not only this but we bagged several awards and accolades down the line:
"Most Innovative Insurance Solution of the year 2021" award at the 6th Future of Work ISV Summits & Awards 2021 by Itvarnews Portal
Artivatic Launches Employee Benefit Placement System 'Aspire Health’- BW Healthcare World
Job opportunities in Insurance Sector- Deccan Herald
How technology can help start-ups, businesses & SMEs choose right group health & commercial insurance- Elet Banking & Finance
Artivatic launches smart AI underwriting platform named AUSIS to provide faster life and health insurance- FE Health and Care
The Most Reliable AI Ops Based Infrastructure Management Service Providers 2021- Insight Success
As we moved forward, the focus was on achieving our Milestones!
Growth in our Artivatic members from 5 to 75+ since 2018
Achieved 4X Revenue Growth in Last 12 months
Effectively working with 10+ large customers
Built strong products & solutions for the insurance & health sectors
Zero lay-offs during COVID-19
Artivatic Data Lab’s operating revenues ranged under US $1M for the financial year ending on 31 March 2020.
With over 30% MoM, we are processing more than 3 million policies and 100 plus claims.
We have raised USD 2.06 million in funds.
In the next 5 years, Artivatic wants to establish itself as a globally-recognized InsurTech, with a clear focus on:
Establishing the brand as a truly global one, with every operational center scaling up on its own in its area.
Building local teams to power a decentralized management capabilities network, thus enabling a scalable model.
Expanding SME and commercial sectors; creating next-gen platforms and byte-size insurance plans, and bringing about industry growth.
The past three years were about re-writing Artivatic’s secret sauce. Now the company is in a high-action mode to achieve the exciting goal that we have set for ourselves. As always, our focus remains on bridging the gap between strategy and implementation – and delivering on our customer’s satisfaction.