KFin Applied sciences, a Common Atlantic-backed firm, at the moment acquired 17 per cent stake in InsurTech startup, Artivatic.ai. The registrar service firm additionally plans to boost its stake to majority, say firm sources.
This partnership will assist KFintech enterprise into the Insurtech house because the agency appears to diversify past providing registry companies to mutual funds and pensions amongst different asset lessons.
Artivatic.ai will utilise the funding to broaden its product portfolio, discover new enterprise horizons and broaden its footprint throughout India and different international markets with the assistance of KFin, stated an organization assertion.
Artivatic offers risk-based customized automated options catering to the underwriting, claims, danger & fraud intelligence, embedded distribution, new-age product design, gross sales intelligence, and extra to ease insurance coverage operations benefiting each the insurers and prospects.
KFin Applied sciences has remodeled its enterprise mannequin by means of automation and created an ecosystem of complete automated companies catering to the ecosystem companions throughout all monetary asset lessons. These companies vary from investor servicing, distribution community, reporting, compliance and documentation. The synergies from these two corporations will assist in creating an equally complete and scalable InsurTech enterprise.