Aviva Ventures, the corporate venture arm of UK-based insurance giant Aviva, has invested in Indico Data, a Boston and London-based company that specializes in AI-powered automation for the insurance industry. The investment aims to support Indico’s expansion in the London Market and strengthen its credibility with property and casualty players worldwide. As part of the deal, Aviva’s Chief Innovation Officer, Arslan Hannani, will take a board observer seat at Indico, providing the company with valuable insights and guidance.
Indico’s technology focuses on automating front-end processes for insurers, such as submission intake, claims workflows, and policy servicing, which are often hindered by unstructured documents. The company’s Agentic AI platform uses machine learning to transform unstructured data into usable information, enabling insurers to make better decisions and improve their operations. Aviva’s investment and Hannani’s involvement validate Indico’s vision for the “agentic insurance enterprise,” which aims to turn messy data into a competitive advantage.
The partnership highlights the growing demand for intelligent automation in the insurance industry, particularly in areas such as submission ingestion, claims intake, and policy servicing. Aviva has been actively investing in tech companies that can help transform the insurance and financial services sectors, and Indico’s technology fits into this strategy. The investment also follows a previous strategic boost from Guidewire, which invested in Indico earlier in 2025.
Indico’s technology has already shown significant results in the London Market, delivering speed and efficiency in complex environments. The company’s platform is being used by multiple global carriers across underwriting, claims, and operations, and Aviva’s investment is expected to support its continued growth. Aviva Ventures continues to focus on investing in early and growth-stage companies that have the potential to reset the insurance, wealth, and financial services industries.
Overall, the investment in Indico Data demonstrates Aviva’s commitment to embracing innovative technologies that can help transform the insurance industry. By partnering with Indico, Aviva aims to support the development of AI-powered automation solutions that can help insurers improve their operations, reduce costs, and enhance customer experience. With its strong industry expertise and network, Aviva is well-positioned to help Indico expand its reach and accelerate its growth in the global insurance market.