Aviva Ventures, the venture capital fund of British insurer Aviva, has made a strategic investment in Indico Data, which specialises in AI-driven automation for insurance operations. 

This investment is expected to support the adoption of Indico Data’s solutions by property and casualty (P&C) insurers worldwide. 

As part of the transaction, Aviva’s chief innovation officer, Arslan Hannani, will take a seat on Indico’s Board of Directors as a board observer and advisor. 

Aviva Ventures is focused on companies that are transforming the insurance and financial services sectors through advanced technologies and business models. 

Hannani said: “Indico’s technology is reshaping how insurers operate by bringing AI deeper into core workflows. 

“We have seen firsthand the impact Indico is having in streamlining operations and unlocking new efficiencies, particularly in complex markets like London and beyond. We are excited to support its continued growth.” 

Indico Data stated that this investment is expected to enhance its expanding presence among global carriers that utilise its Agentic AI platform to streamline underwriting, claims and operational processes reliant on unstructured data.  

Aviva’s investment comes on the heels of a strategic investment from Guidewire earlier in 2025. 

This followed a previous investment from Guidewire earlier in the year. 

Indico Data CEO Tom Wilde said: “This partnership underscores the increasing demand for intelligent automation that transforms how insurers handle the critical ‘front door’ of their business, from submission ingestion to claims intake to policy servicing and beyond. 

“Aviva’s investment and Arslan’s participation on our board validate Indico’s vision for the agentic insurance enterprise and our mission to help carriers turn unstructured data into competitive advantage.” 

Earlier this year, Aviva teamed up with Tesco Insurance & Money Services to introduce a life insurance product for Tesco’s customers and Clubcard holders.