US-based medical skilled legal responsibility insurer Indigo has secured $50m in an oversubscribed Collection B funding spherical because it seems to be to broaden its presence throughout the nation.
The spherical was led by current backer Rubicon Founders, with new investor City Corridor Ventures becoming a member of present strategic individuals together with Optum Ventures.
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Indigo stated the contemporary capital shall be directed in the direction of widening its AI-powered underwriting and distribution platform, advancing analysis and growth.
Based in 2023, the corporate gives medical skilled legal responsibility cowl to physicians throughout a number of specialties.
It reported that it now offers insurance coverage to shut to 1,000 healthcare professionals nationwide and has exceeded $10m in written premiums.
Indigo CEO Jared Kaplan stated: “The subsequent part of innovation in insurance coverage requires know-how purpose-built for complicated, specialty threat. This funding permits us to broaden our know-how footprint, deepen underwriting rigour and ship an distinctive ease-of-doing-business expertise for brokers – whereas making certain physicians obtain pricing and protection aligned with their true threat profile.
“Our outcomes exhibit that superior automation can drive worthwhile progress whereas lowering operational friction.”
Central to Indigo’s operations is its proprietary AI system, Lux, which applies machine studying and threat modelling to automate underwriting duties which have historically relied upon guide processes.
The corporate famous that by the tip of 2025, 20% of submissions had been being underwritten mechanically, highlighting a rising reliance on automation inside its workflow.
The newest funding is meant to underpin additional growth of Indigo’s underwriting and distribution capabilities because it will increase its footprint within the US medical skilled legal responsibility market.
Indigo co-founder and associate at Rubicon Founders Matt Kim added: “Indigo is executing on the intersection of deep area experience and AI excellence. Their vertical AI technique isn’t incremental – it basically redefines how threat is assessed, priced and managed.
“We’ve seen firsthand how their fashions enhance each the pace and high quality of underwriting choices, and this capital will assist them scale quicker than legacy carriers have been in a position to for many years.”
