Artivatic enters Google Launchpad Accelerator
Google, on October 9, has announced the names of ten Indian startups, which qualified for the third edition of the three-month long programme Google Launchpad Accelerator. The programme was launched in the country in 2018 with the aim to accelerate home grown startups, which are using scalable tech like artificial intelligence (AI) and machine learning (ML) to find solutions for the pressing problems in the country. The Class III of the Google Launchpad Accelerator India which began on October 14, 2019, with the Insurtech firm Artivatic.ai
Founders: Layak Singh
Headquarters: Bengaluru, Karnataka
Artivatic is an AI-backed insurtech and healthtech startup that powers insurance, finance and healthcare businesses with intelligent systems and solutions to enable seamless business and customer relations.
It helps businesses integrate human-brain like intelligent system based on genomics and neuroscience capabilities to scale efficiency. It builds, licenses and sells it’s proprietary AI systems. It enables businesses to have in-depth multi source data focused consumer risk profiling, credit risk scoring, recommendation & personalization, automated underwriting & decisions, health & disease prediction, claims processing, fraud detection, digital data based risk scoring and document digitisation.
Their Pilots have demonstrated more than 50% of efficiency, 90% reduction in turnaround time, 80% better fraud identification, 70% less cost reduction, more than 60% consumer engagement, more than 40% better risk delinquencies identification and intelligence in near real time. Sectors: Insurance (Life, Health, Auto, Travel, Agri, Corporate, Property) & Lending, Wealth Management