Indico Data

Indico Data is an enterprise AI company providing an intake and orchestration platform purpose-built for insurance operations. The platform automates the ingestion, enrichment, and orchestration of unstructured insurance documents including submissions, statements of values (SOVs), loss runs, ACORDs, emails, and attachments, transforming them into downstream-ready data. Indico’s agentic AI solution uses Extraction Agents to unbundle submissions and claims, Enrichment Agents to close gaps and classify details, and Orchestration Agents to route validated work to the right systems and teams. The platform serves underwriting (reducing submission processing time by 85%), claims (improving FNOL processing speed and data quality), mid-term adjustments (automating email and PDF processing), and broker reconciliation (structuring remittance packages for faster cash application). Indico reports 90% faster cycle times, 4x increase in processing capacity, and SOV processing in under 30 seconds. Customers include Convex Insurance and top 10 global insurance carriers. Founded in 2014 and headquartered in Boston, Massachusetts, the company has raised approximately $72.7 million in Series B funding. Investors include General Catalyst, Guidewire, .406 Ventures, Sandbox Industries, Jump Capital, Two Sigma Ventures, The Rise Fund, Nationwide, and Aviva.

Big Data Analytics > Industry Solutions > BFSI > Multi-Function > For Insurance,

GRC Software > Risk Management,

Robotic Process Automation > Enhanced Automation > Multi-Industry > Document Processing,

Enterprise Information Management > Enterprise Data Management,

Banking Tech > Robotic Process Automation,

Insurance IT > Insurance Policy Solutions > RegTech > Risk Management