Indico Data — Agentic AI for Insurance Automation
Boston-based agentic AI provider targeting commercial insurance with autonomous decision-making workflows, backed by Guidewire and Aviva Ventures.
Indico Data Company Overview
Founded in 2014, Indico Data pioneered transfer learning for document processing before pivoting to agentic AI systems that make autonomous decisions rather than just extract data. The company raised $55.63+ million, including strategic investments from Guidewire in June 2024 and Aviva Ventures in October 2025.
In January 2026, CEO Tom Wilde launched Indico Data's Agentic Decisioning Platform, declaring "This is the moment the industry shifts from automation to autonomy." The platform processes 120+ product lines and 900+ document types with 97% success rates and sub-30 second processing times, targeting commercial insurance carriers specifically.
Arslan Hannani, Aviva's chief innovation officer who joined Indico's board, noted they've "seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond." CTO Madison May emphasized that "the hard part isn't building the pipeline—it's knowing which combination of retrieval, chunking, and prompts actually delivers trustworthy answers."
The platform is now available through Microsoft Azure Marketplace, positioning Indico alongside enterprise AI vendors rather than traditional document processing tools.
How Indico Data IDP Works
Indico Data IDP pipeline starts with Agent Studio, Agent Builder, and Agent Workflow Canvas with conditional logic for insurance-specific processing across 120+ product lines including SOVs, loss runs, MRCs, and emails. The transfer learning foundation requires minimal training data for new document types, while the three-agent architecture handles extraction, enrichment, and next best action recommendations. Sub-30 second processing delivers real-time decision outputs for underwriting workflows, with Guidewire native integration providing direct connectivity to P&C insurance platforms.
Use Cases
Commercial Insurance Underwriting
Convex Insurance reduced SOV processing time by over 90%, while a Top 10 Global Insurance Carrier increased net written premium by 50% without expanding their team. The platform handles broker submissions, policy applications, and loss runs through autonomous decision workflows rather than manual review processes.
Claims Processing Automation
A F500 insurance carrier uses Indico's platform to improve FNOL quality and speed, with claims adjusters receiving decision-ready data rather than raw extractions. Customer deployments report 80% reduction in manual processing time and 4x increase in submission handling capacity.
London Market Operations
With Aviva Ventures backing and board representation, Indico IDP targets complex London Market workflows where traditional automation fails due to document variety and regulatory requirements across multiple jurisdictions.
Technical Specifications
| Feature | Specification |
|---|---|
| Core Technology | Agentic AI, transfer learning, autonomous decision-making |
| Processing Speed | Sub-30 seconds per submission |
| Success Rate | 97% across 120+ product lines |
| Document Types | 900+ including SOVs, loss runs, MRCs, emails |
| Founded | 2014 |
| Total Funding | $55.63+ million |
| Strategic Investors | Guidewire Software, Aviva Ventures |
| Distribution | Microsoft Azure Marketplace, Guidewire AppExchange |
| Target Market | Commercial P&C insurance, London Market |
Resources
Company Information
Headquarters: Boston, Massachusetts, United States
Address: 55 Court Street, Boston
Founded: 2014
Total Funding: $55.63+ million
Recent Investment: Aviva Ventures (October 2025)
Strategic Partners: Guidewire Software, Aviva, Microsoft
Key Investors: Aviva Ventures, Guidewire, .406 Ventures, Osage Venture Partners, Jump Capital, Sandbox Ventures