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Minte.ai Secures PLN 2 Million for AI-Driven Insurance Innovation

COMPANIESMinte.ai Secures PLN 2 Million for AI-Driven Insurance Innovation

Minte.ai, a portfolio company of JRH ASI S.A., specializing in AI-powered solutions for claims settlement in the insurance sector, has secured PLN 2 million in funding from a private investor. This investment will enable the company to further develop its unique technology and scale its solutions to support the insurance industry.

The company focuses on automating and improving processes in the insurance sector using artificial intelligence. Minte.ai plans to expand its innovative solutions and implement them with key insurers in the Polish market.

“We are thrilled with this funding, which allows us to develop new modules based on our unique technology and finalize additional advanced projects with leading insurance companies in Poland. We’ve successfully completed several Proof of Concept (PoC) projects with industry leaders, demonstrating that our software is revolutionizing claims handling. In the coming year, we expect to achieve production implementation with at least four new insurers,” said Romuald Paprzycki, CEO of Minte.ai.

AI-Powered Claims Handling: Success with UNIQA Group

Minte.ai’s software has already been successfully implemented by UNIQA Group, fully automating the assessment and settlement of claims while reducing the time to process personal injury claims to just minutes. The AI models analyze medical documentation submitted by insurance clients and verify its alignment with the policy terms and conditions (OWU). The system produces actionable results, enabling payouts and providing detailed justifications for payment decisions—or denials—with references to policy terms. This transparency eliminates the need for manual adjudication by claims adjusters.

The technology has proven transformative, enabling UNIQA to improve processing times and service quality. Research highlights that customers value speed and transparency in claims handling, both of which Minte.ai delivers.

Building on this success, Minte.ai is expanding its collaboration with UNIQA Polska. Following the deployment of its personal injury claims module, the company has launched a solution for hospital treatment claims. Plans for Q1 2025 include extending the platform to handle surgical claims.

“Our solution automates previously labor-intensive processes, enhancing their efficiency, quality, and compliance with regulations. UNIQA has been a committed partner in co-developing this implementation, achieving outstanding results,” Paprzycki emphasized.

Scaling Innovation and Exploring New Markets

Minte.ai has completed two additional paid PoC projects with major insurance players and is conducting two more pilot programs. The company is also in discussions with three key market players and is seeing growing interest in its technology, with additional insurers considering partnerships.

Minte.ai is testing new modules, such as a tool to significantly enhance insurance fraud prevention. The company is also preparing for international expansion, aiming to enter at least one of three large European markets by the end of 2025.

The technology adheres to stringent data protection standards, including GDPR, AI Act, and DORA regulations, and processes data securely within the client’s infrastructure. Its unique combination of artificial intelligence and medical expertise, along with full transparency, sets Minte.ai apart in the market.

Strategic Investment for Long-Term Growth

“Minte.ai is one of the most promising companies in our portfolio. We supported it during negotiations and the transaction with the new investor. According to the company’s management, this funding will support its growth until it achieves significant revenues from production deployments and enters foreign markets,” said Bartłomiej Kurylak, CFO of JRH ASI S.A.

Showcasing Success at UNIQA Innovation Days

On December 4, Minte.ai participated in UNIQA Innovation Days, presenting the factors behind its successful implementation with UNIQA and the benefits achieved. The event highlighted Minte.ai’s role as UNIQA Polska’s technology partner and its impact on transforming the insurance sector.

With the latest funding and ongoing projects, Minte.ai continues to push the boundaries of innovation in claims handling, positioning itself as a leading force in the AI-driven transformation of the insurance industry.

Source: Manager Plus

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