Boston-based Indico Data, which offers AI-based automation for insurance operations, has received an investment from Aviva Ventures, the corporate venture capital fund for Aviva, one of the UK’s largest insurers.
The amount of the investment was not disclosed.
As part of the investment, Arslan Hannani, chief innovation officer at Aviva, will join Indico’s board of directors.
“We’ve seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond,” commented Hannani in the announcement.
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Indico’s Agentic AI platform automates underwriting, claims, and operations processes that depend on unstructured data. The company serves carriers across North America and the London Market.
Aviva’s investment follows an investment from Guidewire earlier in 2025. Indico also received $19 million from Guidewire in a funding round in 2024.
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