Aviva Ventures, the venture capital arm of British insurer Aviva, has made a strategic investment in Indico Data, a company that specializes in AI-driven automation for insurance operations. The investment is expected to support the adoption of Indico Data’s solutions by property and casualty (P&C) insurers worldwide. As part of the transaction, Aviva’s chief innovation officer, Arslan Hannani, will join Indico’s Board of Directors as a board observer and advisor.
Aviva Ventures focuses on companies that are transforming the insurance and financial services sectors through advanced technologies and business models. Hannani stated that Indico’s technology is “reshaping how insurers operate by bringing AI deeper into core workflows” and that Aviva has seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies.
Indico Data’s Agentic AI platform is designed to streamline underwriting, claims, and operational processes that rely on unstructured data. The company plans to use Aviva’s investment to enhance its expanding presence among global carriers. This investment follows a previous strategic investment from Guidewire earlier in 2025.
Indico Data CEO Tom Wilde said that the partnership with Aviva underscores the increasing demand for intelligent automation in the insurance industry. He added that Aviva’s investment and Hannani’s participation on the board validate Indico’s vision for the “agentic insurance enterprise” and its mission to help carriers turn unstructured data into a competitive advantage.
The investment is part of Aviva’s efforts to innovate and transform the insurance industry. Earlier this year, Aviva teamed up with Tesco Insurance & Money Services to introduce a life insurance product for Tesco’s customers and Clubcard holders. With this investment, Aviva is demonstrating its commitment to supporting companies that are driving innovation and change in the insurance sector.
Overall, the investment in Indico Data is expected to have a significant impact on the insurance industry, enabling P&C insurers to streamline their operations and improve their efficiency. With Aviva’s support, Indico Data is well-positioned to continue its growth and expansion, and to play a key role in shaping the future of the insurance industry.