Artivatic - Insurtech | Healthtech

🚀 Anticipating Transformative Reforms in Budget 2024 for India's Insurance and Healthcare Sectors! 🚀 As we approach Budget 2024, major reforms are expected to boost India's insurance and healthcare sectors. Key highlights include: GST Reduction: Anticipated decrease from 18% to 12% on health insurance premiums. Tax Deduction Limits: Proposed increase under Section 80D, aiding individuals and senior citizens. Universal Health Scheme: Potential introduction to cover low-income families. R&D Incentives: Enhanced support for medical technology innovation. Parametric Insurance: New solutions for disaster and pandemic preparedness. These measures aim to make healthcare and insurance more accessible and affordable, driving sector growth and strengthening infrastructure, particularly in underserved areas. Learn more about these expected reforms and their potential impact: Read more: https://lnkd.in/gMjJrh5W #Budget2024 #Insurance #Healthcare #GSTReduction #TaxIncentives #UniversalHealth #Innovation #EconomicGrowth #India

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🚀🌟 Digital Transformation in Insurance: A Case Study of Innovation! In today's fast-paced digital world, insurance companies must innovate to meet the demands of savvy consumers. We're thrilled to share how Artivatic.ai is leading the charge in this transformation! 🔍 Key Highlights from Our Case Study: Self-Learning Risk Scoring Model: Our advanced model integrates seamlessly with existing systems, using digital and OCR data to provide accurate, real-time decisions. Comprehensive Risk Assessments: Leveraging external data sources, we build detailed risk profiles, including health, financial, and location scores. Real-Time Processing and Digitization: Our platform processes and digitizes documents instantly, enhancing fraud detection and risk management. Rapid Decision-Making: We’ve reduced proposal decision times to mere seconds for eligible cases, showcasing exceptional operational efficiency. Configurable Rule Engine: With over 2500+ parameters, our easy-to-configure rule engine adapts quickly to new requirements, streamlining underwriting processes. 🌐 Impact and Innovation: Efficiency: Proposal decision-making within seconds. Detailed Analysis: Instant classification and analysis of KYC and medical reports. Fraud Detection: Enhanced through comprehensive data processing. Customer-Centric Policies: Utilizing GenAI for contextualized policy evaluation ensures a healthier insurance portfolio. AI Integration: AI/GenAI enhances customer and agent interactions, driving productivity and engagement. 📊 Business and Tech Priorities for FY2025: Risk and Compliance Management Technology Innovation Product Development Customer Acquisition and Renewals Policy Sales and Servicing Claims Management By overcoming traditional underwriting challenges and leveraging advanced AI and machine learning, Artivatic.ai is not just streamlining insurance operations but reimagining them for the future. Our innovations are paving the way for a robust, risk-aware, and customer-centric insurance ecosystem. Let's embrace the future of insurance with innovation and excellence! 🌐🤖📈 Read more: https://lnkd.in/gC5NdsCY #Insurtech #DigitalTransformation #AI #Innovation #CustomerCentric #Insurance #RiskManagement #ArtivaticAI #FutureOfInsurance #TechInnovation AUSIS- Life & Health Underwriting System ALFRED - Health Ecosystem (Patient, Provider and Payer)

Artivatic - Insurtech | Healthtech wins - Fintech Brand of the Year by BW Businessworld. Thanks to all our #Artivatic team, our clients and our partners. Layak Singh and Rakhi Gupta Awasthi received the award at Bangalore. #startup #artivatic #fintech #insurtech #healthtech #innovation

#ai #casestudy #ausis #underwriting Mahesh Srinivasachary Dr. Sangita Shinde Pranay Jaiswal, MD, MBA Rupesh Routh Neha Ramaiya

🚀 Lessons for Startups from India’s Historic 2024 T20 World Cup Win! 🏆 The Indian cricket team’s spectacular victory in the 2024 ICC Men’s T20 World Cup offers more than just sporting glory—it’s a treasure trove of lessons for startups aiming for success. Here’s what we can learn from their unbeaten run and thrilling win against South Africa in the final: Team Cohesion & Collaboration: Unity and collaboration led to their success. Foster a strong, united team working towards a common goal. Leadership & Mentorship: Effective leadership and mentorship were key. Develop strong leaders and seek experienced mentors to guide your team. Adaptability & Resilience: Their ability to adapt and stay resilient under pressure was crucial. Embrace change and view challenges as growth opportunities. Strategic Planning & Execution: Detailed planning and flawless execution made the difference. Focus on thorough research and precise implementation of strategies. Innovation & Excellence: Innovative gameplay and a pursuit of excellence set them apart. Encourage creative thinking and strive for high-quality standards. Recognition & Motivation: Recognizing contributions boosted morale. Implement recognition programs to celebrate successes and motivate your team. Legacy & Long-term Vision: Focus on building a lasting legacy. Develop a long-term vision and make decisions that ensure sustainability and lasting impact. By applying these insights, startups can build a strong foundation, drive growth, and achieve their goals, just like Team India did. 🏅 Let's embrace these lessons and steer our startups towards a future filled with success and innovation! 🌟 Read more: https://lnkd.in/gEMaNVU9 #Startups #Leadership #Teamwork #Innovation #Resilience #Strategy #Growth #T20WorldCup #Inspiration #BusinessLessons

📊 Poll Alert! "Which aspect of #AI and #GenAI will have the most significant impact on the #insurance and #healthcare industries?" 🤔 Cast your vote and share your thoughts on Better Customer #Experience, #Underwriting, #Fraud Detection, or #Claims Management! #insurtech #DigitalTransformation #Insurance #Healthcare

Digital transformation is revolutionizing insurance and healthcare in India, the Middle East, and APAC, driven by AI, GenAI, and modular micro-services architectures. These technologies enhance data analysis, predictive modeling, and customer interaction while providing flexibility and scalability. Key regional initiatives like India's Digital India, the Middle East's tech investments, and APAC's digital health adoption are pivotal. Focusing on claims management, sales and marketing, underwriting, and customer experience yields significant short-term benefits like improved efficiency, cost savings, and enhanced customer satisfaction, and long-term benefits such as sustained growth, competitive advantage, and scalability. Future advantages include personalized products, instant onboarding, improved fraud detection, and smart underwriting. Insurtech companies like Artivatic are crucial in this ongoing transformation, driving innovation and growth.

🚀 Is a 30-Minute Health Insurance Claim Settlement Possible? Artivatic.AI Says Yes! 🚀 Artivatic.AI, part of D2C Consulting Services Private Limited, is not just revolutionizing but reshaping the insurance industry with pioneering rapid claim settlements within 20-30 minutes. With a 95% accuracy rate, Artivatic’s SaaS-based, AI-driven platform, Alfred, is a game-changer, simplifying and automating claim processing across the industry. Key Highlights: Rapid Settlements: Claims settled within 20-30 minutes, reducing settlement hours by over 90%. Compliance with IRDAI: Aligns with IRDAI’s new Master Circular, requiring insurers to decide on cashless claim authorization within one hour and ensure 100% settlement within three hours. Advanced Technology: Alfred leverages AI and dynamic underwriting to streamline processes and reduce turnaround times. Secure Digital Interface: Ensures seamless, encrypted information exchange, encouraging hospitals to go paperless. Comprehensive Health Ecosystem: Tackles claim settlement challenges, creating a 360-degree health ecosystem. Layak Singh, CEO of Artivatic, states, “Our platform is designed to simplify, accelerate, and standardize the claim settlement process, significantly reducing turnaround time by 90%.” Artivatic.ai [Insurtech & Healthtech]is paving the way for faster, more efficient claim settlements, aligning with the government's vision of "Insurance for All 2047." #DigitalTransformation #AI #Insurance #HealthInsurance #Innovation #Technology #CustomerExperience #Artivatic #Efficiency #Healthcare #IRDAI #InsuranceForAll2047 Pranay Jaiswal, MD, MBA Indraneel Chatterjee Balachander Sekhar Harish Kurudi Mahesh Srinivasachary Neha Ramaiya Dr. Sangita Shinde Layak Singh Bibhas Singh Rakhi Gupta Awasthi Niket Kumar Phuria PMP® CSPO® Rupesh Routh Srinivas KNS Rahul Chautel Abhishek Kumar Devesh Joshi Sulbha Kaushal Rai

Revolutionizing Insurance and Healthcare: Embracing AI, Micro-Services, and Digital Innovation in India, the Middle East, and APAC Digital transformation is reshaping the insurance and healthcare sectors in India, the Middle East, and APAC. By leveraging AI, GenAI, modular, and micro-services architectures, these industries are set to experience significant advancements. Key Areas of Impact: - Claims Management: Streamlined processing and enhanced customer satisfaction through automation and AI-driven analytics. - Sales and Marketing: AI-powered tools for data analysis, customer needs prediction, and tailored marketing strategies. - Underwriting: AI and machine learning for accurate risk assessments and efficient premium determination. - Customer Experience: Improved communication, easy access to services, and seamless onboarding processes. Benefits for CXOs: - Short-Term: Operational efficiency (20-30%), cost savings (15-25%), and faster processing (25-40%). - Long-Term: Sustained growth (10-15% annual), improved customer retention (20-30%), and competitive advantage. Future Advantages: - Personalized product design, instant onboarding, alternative risk assessment, fraud intelligence, automation, smart underwriting, pre-auth to claims auto-adjudication, post-discharge management, and early claims and sales enablement. - Preparing for Digital Transformation: For CXOs: Develop a strategic vision, invest in technology, and hire digital talent. - For Operations Teams: Re-engineer processes, implement change management, and foster continuous improvement. - For Tech Teams: Adopt agile methodologies, ensure robust cybersecurity, and collaborate with vendors. Role of Insurtech like Artivatic: Insurtech companies like Artivatic accelerate digital transformation, offering faster go-to-market solutions, continuous innovation, improved customer experience, and scalable, flexible systems. The journey towards digital transformation is continuous. By prioritizing critical areas and leveraging new technologies, the insurance and healthcare industries can achieve significant growth and innovation, leading to a more efficient, personalized, and customer-centric ecosystem. Read more: https://lnkd.in/duQXAXm3 #DigitalTransformation #AI #Insurance #Healthcare #Innovation #Technology #CXO #Insurtech #Artivatic #India #MiddleEast #APAC