Intelligent Industrial Internet Systems Private Limited

insurtechartificial intelligence/machine learningsoftware/whitelabel/apis (insurtech)claims

FOUNDING YEAR: 2016
LOCATION: India
Last Update: 01/05/2020

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About

I3Systems is an artificial intelligence-based business decision-making solution for the healthcare industry. The company has currently developed an artificial intelligence assistant which leverages patterns in data to automate claims processing and highlight fraudulent cases. The platform can automate 60% of the policy underwriting process and can reduce the turnaround time for a claim settlement to about 30 minutes.

Focus

PRODUCTS & SERVICES

It offers DataMD, a digital platform that automates health/life insurance underwriting, and creates a real-time structured database which can be used for advanced analytics, accurate health-risk prediction, fraud identification for app-driven healthcare companies. It also offers i3Claim, a platform that converts all hospitalization documents into digital data and presents it on a special interface to the claim adjudication doctor.

MAIN CLIENTS

The company's clients are Health ICICI Lombard General Insurance

and HDFC Ergo General Insurance.

People

FOUNDERS

Ravi Chandibhamar

Varzavand Batliwala

Mallesh Bommanahal

BOARD MEMBERS AND ADVISORS

Ankur Pegu

Aspi Minocher

Vishal Patel

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Behram Vakil

Jerxis Vandrevala

Unitus Ventures

Zenta

KEY EMPLOYEES:

Dr. Mallesh Bommanahal (CEO); Varzavand Batliwala (CFO)

Momentum

FUNDED

YES

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

May 2018

TOTAL FUNDING COMMENT

The company will use the freshly raised funds towards partnering with the country’s top 20 life & health insurance companies, and process 1 million policies through its digital platform. (May 2018)

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

May 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2016

LOCATION:

India

Views:

81 VISITORS | 152 VIEWS
LATEST FUNDING ROUND

$1 M

TOTAL EMPLOYEES
11-50

About

I3Systems is an artificial intelligence-based business decision-making solution for the healthcare industry. The company has currently developed an artificial intelligence assistant which leverages patterns in data to automate claims processing and highlight fraudulent cases. The platform can automate 60% of the policy underwriting process and can reduce the turnaround time for a claim settlement to about 30 minutes.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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