Artivatic covers full lifecycle infrastructure for life, health, and general insurance
Layak Singh · Artivatic Insurtech API $1m Revenue, Closing $500k Round Now · Aug 13, 2020 · at 3:56
Artivatic founder Layak Singh explains the scope and technical capabilities of his insurtech platform to Nathan Latka.
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“So automatic is now is completely a full stack or infrastructure platform for insurance. It takes care of the entire life cycle of the insurance in life insurance, health insurance, general insurance as well.”
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More from Layak Singh
Artivatic has experienced zero customer churn to date
“Basically, wherever you work with any businesses right now, we haven't lost any business as of now.”
Artivatic acquires 100% of customers via referrals and inbounds
“So all these customers that we are getting is completely coming by the referrals or inbounds. And our only cost for that is acquisition costs only for travel costs. That is also zero right now because of COVID.”
Singh: Artivatic's average customer pays around $20,000 per month
“As of now, we have seen an average customer who's paying to us is around 20,000 dollars.”
Artivatic reaches $1M in contracted book value
“So book value is about a million dollar, but the license is less actually.”