Insurtech startup i3systems joins Microsoft for Startups program

Through the program, i3systems aims to integrate its solutions with Microsoft Azure to offer enhanced deployment models and platform security functionality

November 12, 2021

i3systems, a leading technology company that provides intelligent automation solutions for critical business processes in the insurance and healthcare services sector such as claims processing and underwriting, today announced its induction into Microsoft for Startups, a global program dedicated to accelerating the trajectory of high-potential startups to enable growth at scale. As a program member, i3systems can access and incorporate Microsoft Azure features into its solutions, toolkits, and AI platform and also leverage their mentorship and business programs.

i3systems provides new-age automation solutions that are packaged on an integrated, low-code, enterprise AI platform called ‘PowerAI’ to help businesses with high-volume critical processes. Through this platform, i3systems enables customers to utilize advanced digital technologies such as Artificial Intelligence, Natural Language Processing (NLP) and Machine Learning (ML) to process any document irrespective of the format and convert it into digital data.

i3systems has a significant understanding of insurance & healthcare processes and has helped leading insurance companies, TPAs, and brokers. Our expertise in insurance & healthcare services can be gauged by the fact that we have processed nearly 7.5 million transactions or 300 million pages of document scans.

“We’re very excited to be part of the Microsoft for Startups program and use the opportunity to deliver innovative solutions to the global audience,” said Mallesh Bommanahal, Co-founder and CEO, i3systems. "Our participation in the program will allow us to create a greater impact in the intelligent automation space by automating business processes, scaling digital capabilities, and ensuring enterprise-grade security for companies in the insurance and healthcare industry.”

Through this program, i3systems will use Microsoft Azure to train models and deploy projects and will also utilize cloud storage to store a large quantity of documents & data. Furthermore, i3systems’ customers can now leverage its powerful AI solutions enabled with components from Azure Cognitive Services to achieve enhanced data accuracy, smarter business decisions and improved enterprise security. This is possible because of i3systems’ open and flexible platform that can be easily integrated with all the latest features of Microsoft Azure.

i3systems also plans to list its products on the Azure Marketplace to reach a large-scale audience in a short time and create more awareness about the benefits of its solutions.

“i3systems’ mission to provide ROI-centric implementation of automation of business processes in one of the fastest-growing segments of the insurance & healthcare industry is a great fit for the program.  We look forward to helping i3systems deliver their innovative solutions to our joint customers,” said Emily Rich, Director of Startups, APAC, Microsoft for Startups.

About i3systems:

i3systems addresses India’s health insurance industry issues through its data-centric digital solutions and AI products that enable accurate and automated health insurance underwriting and claims processing. i3systems has successfully delivered products for leading financial services organisations and consortiums on various use cases such as insurance underwriting, medical claims, lending, invoice processing, agreement processing, etc. For more details, please visit www.i3systems.ai

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