Artivatic

Artivatic is a comprehensive, AI-driven SaaS platform dedicated to transforming the global insurance and healthcare ecosystems. It offers a suite of modular, enterprise-grade solutions that enable businesses to automate and optimize their entire lifecycle, from customer acquisition to claims settlement. By leveraging cutting-edge technologies like machine learning, deep learning, and natural language processing, Artivatic helps organizations move away from legacy, manual processes towards a more dynamic, data-centric, and customer-focused operational model. The platform is built on a powerful API gateway with over 400 APIs, allowing for seamless integration with existing systems and enabling the rapid development of next-generation Insurtech and HealthTech products.

Acquired by RenewBuy, Artivatic combines deep technological expertise with extensive distribution capabilities to provide unparalleled value. The platform is designed to be scalable, serving everyone from small businesses and startups to large multinational corporations. Its core mission is to make insurance more accessible, affordable, and personalized for the end-user by empowering the institutions that serve them.

How to use Artivatic

Artivatic operates on a B2B SaaS model. The typical engagement process is as follows:

1. Discovery and Consultation: Interested organizations start by scheduling a demo or contacting the Artivatic sales team. During this phase, they discuss their specific challenges, goals, and existing infrastructure.
2. Solution Design: Artivatic's experts work with the client to identify the most suitable modules and products from their suite. This could be a single solution like the underwriting platform (AUSIS) or a full-stack implementation.
3. Integration: The platform is designed for flexible integration. Clients can connect their systems to Artivatic's solutions via its extensive library of APIs and SDKs. For those seeking a turnkey solution, Artivatic also offers on-premise and cloud-based SaaS deployments. The code-free integration options also help accelerate implementation.
4. Onboarding and Support: Once integrated, Artivatic provides support to ensure a smooth transition and optimal performance, helping clients leverage the platform's full potential to drive business growth.

Core Features of Artivatic

• AUSIS - AI Underwriting Platform: A smart, real-time, and personalized underwriting system for Life, Health, SME, and Commercial insurance. It uses AI to analyze diverse data points for accurate risk assessment and automated decision-making.
• ALFRED - AI Health Claims Platform: An end-to-end platform that automates the health claims process, from document intake (OCR/ICR) and fraud detection to real-time settlement, aiming to reduce processing time significantly.
• PRODX - Product Design & Distribution: A holistic platform that allows insurers to rapidly design, test, and launch new, personalized, and risk-based insurance products in minutes. It also facilitates B2B2C distribution.
• INFRD - API Insurance Cloud: A comprehensive cloud platform with over 400+ APIs, serving as the foundational infrastructure for building modern insurance applications.
• MiO - Sales & CRM Platform: An integrated AI platform that empowers sales teams with lead management, scoring, agent onboarding, and a unified CRM for the entire sales process.
• OCR/ICR Technology: In-house built algorithms for intelligent document reading, data extraction, and analysis, crucial for KYC, claims, and underwriting.
• Risk Inspection & Location Intelligence: Tools that leverage historical, geospatial, and other data to provide actionable insights for risk assessment and product creation.
• Payments & Settlements: An AI-built platform that facilitates real-time payments for buying, renewing, and filing claims.

Use Cases for Artivatic

Artivatic's solutions cater to a wide range of stakeholders within the insurance and healthcare industries:

• Life & Health Insurance: Automating underwriting, personalizing policies, processing claims efficiently, and enhancing customer persistency.
• Property & Commercial Insurance: Enabling end-to-end risk inspection, creating data-driven commercial policies, and streamlining claims for property damage.
• Distributors & Brokers: Providing a self-service SaaS platform to integrate and sell a variety of insurance products to their customer base.
• SMEs & Enterprises: Offering platforms like ASPIRE for businesses to self-manage and provide personalized health and business insurance for employees.
• Hospitals & TPAs: Enhancing technology infrastructure to streamline patient onboarding, manage health records (ABHA certified), and accelerate insurance claim settlements.
• Fintechs: Offering embedded insurance solutions through APIs, allowing them to easily add insurance products to their existing financial services.

Advantages of Artivatic

• End-to-End Automation: Automates the entire insurance value chain, from product design and distribution to underwriting and claims.
• Data-Driven Intelligence: Utilizes AI and ML to extract deep insights from data, enabling smarter decisions, accurate risk pricing, and personalization.
• Scalability and Flexibility: The technology is built to scale from small teams to large enterprises and offers flexible deployment models (API, SDK, SaaS, On-premise).
• Speed to Market: Drastically reduces the time required to design and launch new insurance products, from months to minutes.
• Enhanced Customer Experience: Simplifies processes like onboarding (Video KYC), policy purchase, and claims, leading to higher customer satisfaction and retention.
• Code-Free Integration: A DIY AI-platform approach that allows businesses to integrate solutions without extensive coding, saving time and resources.

Pricing and Plans

Artivatic's pricing is customized based on the specific needs, scale of operations, and modules required by each client. The company does not offer standard public pricing tiers. To get a detailed quote, potential customers are encouraged to 'Request Pricing' or 'Get a demo' through the official website to discuss their requirements with the sales team.