AiDA was founded in 2016 by Dr Tan Geok Leng, Dr Shonali Krishnaswamy, and a team of data scientists from the InfoComm Research Institute (I2R), A*STAR (Agency for Science, Technology and Research).
The firm has developed a suite of proprietary machine learning technologies, used to automate underwriting, claims processing, and detect fraud, waste and abuse.
The solutions enable companies to use data better to accelerate processes, increase revenue, drive cost reductions and anticipate evolving risk.
Amplify Health, a healthtech joint venture between AIA Group and Discovery Group, has acquired Singapore-based AI solutions provider AiDA Technologies.
AiDA’s technologies complement Amplify Health’s healthtech solutions for integrated digital health programmes to manage chronic disease and private medical insurance (PMI) product development capabilities.