Aviva Ventures invests in insurance automation provider Indico Data

Core Insights - Aviva Ventures has made a strategic investment in Indico Data, focusing on AI-driven automation for insurance operations, which is expected to enhance the adoption of Indico's solutions by property and casualty insurers globally [1][2] - Aviva's Chief Innovation Officer, Arslan Hannani, will join Indico's Board of Directors as a board observer and advisor, indicating a commitment to the partnership [1][2] Investment Focus - Aviva Ventures targets companies that are innovating in the insurance and financial services sectors through advanced technologies and business models [2] - The investment aims to support Indico Data's growth and its Agentic AI platform, which streamlines underwriting, claims, and operational processes that rely on unstructured data [2][3] Market Context - The investment follows a strategic investment from Guidewire earlier in 2025, highlighting a trend of increasing demand for intelligent automation in the insurance industry [3] - Indico Data's CEO emphasized the importance of this partnership in transforming how insurers manage critical business processes, from submission ingestion to claims intake [3] Validation of Vision - Aviva's investment and Hannani's board participation validate Indico's vision for the agentic insurance enterprise, aiming to turn unstructured data into a competitive advantage [4] - Earlier collaborations, such as Aviva's partnership with Tesco Insurance & Money Services to introduce a life insurance product, demonstrate Aviva's proactive approach in the insurance market [4]