Indico Data: The Agentic Decisioning Platform for Insurance

Indico Data offers an Agentic Decisioning Platform designed specifically for the insurance industry. It automates intake, triage, and decision-making processes across underwriting, claims, and policy servicing using explainable, out-of-the-box Agentic AI.

What is Indico Data?

Indico Data is a platform that leverages Agentic AI to streamline and automate complex decision-making processes within insurance companies. It focuses on improving efficiency, accuracy, and speed in handling various tasks, from initial submission to final claim resolution.

How does Indico Data work?

Indico Data's platform utilizes pre-trained AI agents that understand insurance-specific documents and workflows. These agents can:

Ingest and process various document types: Loss runs, SOVs, MRCs, applications, and more.
Classify and normalize data: Ensuring consistency and accuracy.
Prioritize submissions: Identifying high-value submissions for faster processing.
Automate data ingestion: Eliminating manual data entry.
Provide explainable AI: Offering transparency and auditability for all decisions.

Key Features and Benefits:

Agentic AI: Out-of-the-box AI agents trained on real insurance documents.
Automation Across the Insurance Lifecycle: Automates underwriting, claims, and servicing processes.
Explainable AI: Transparency and auditability for every decision.
Fast Deployment and Scalability: Deploy quickly and scale across product lines without custom development.
High Implementation Success Rate: Boasts a 97% implementation success rate.
Handles All Data Types: Processes all data types across the insurance value chain.

Use Cases:

Commercial & Specialty Insurance Underwriting: Accelerates speed to quote by automating data ingestion, consolidating data, and prioritizing submissions.
Claims FNOL: Improves claims efficiency with Agentic FNOL processing, ingesting, classifying, and normalizing key claims data.
Policy Servicing: Reduces time and resources spent on administrative tasks while improving customer experience.

Real-World Results:

Top 10 Global Insurance Carrier: Reduced submission processing time by 80%.
F500 Insurance Carrier: Boosted quarterly revenue by $30 million.
$4B+ Specialty Insurer: Achieved < 30 second SOV & Loss Run submission processing time.

Why is Indico Data important?

In the insurance industry, time is money. Indico Data helps insurance carriers make faster, more informed decisions, leading to increased efficiency, reduced costs, and improved customer satisfaction. Its Agentic AI platform allows companies to:

Reduce manual data entry and processing.
Improve accuracy and consistency.
Accelerate decision-making.
Gain deeper insights from their data.

Where can I use Indico Data?

Indico Data's platform can be used across various departments and functions within an insurance company, including:

Underwriting
Claims
Policy Servicing
Finance
Compliance

How to get started with Indico Data?

To learn more about Indico Data and its Agentic Decisioning Platform, you can:

Schedule a 1-1 demo on their website.
Explore their resources, including blog posts, knowledge base articles, and developer documentation.
Listen to their "Unstructured Unlocked" podcast for insights on AI in insurance.

The Indico Advantage:

Indico Data stands out from other AI solutions due to its:

Insurance-Specific Focus: Built specifically for the insurance industry.
Agentic AI Approach: Utilizes pre-trained AI agents that understand insurance workflows.
Explainable AI: Provides transparency and auditability for all decisions.
Proven Track Record: Demonstrated success with leading insurance carriers.

Best way to leverage AI in insurance?

By implementing a platform like Indico Data, insurance companies can unlock the full potential of AI to transform their operations and gain a competitive edge. The platform ensures seamless integration into core systems, driving long-term value for insurance carriers.

Indico Data is recognized as a leader by industry analysts and experts for its impact across underwriting, claims, and policy servicing. It's the leading Agentic AI platform for insurance decision-making.