Tractable, the technology company developing artificial intelligence (AI) for accident and disaster recovery, announced a $25 million Series C investment, led by Georgian Partners with participation from existing investors, including Insight Partners and Ignition Partners. The round nearly doubles the total raised by Tractable, to $55 million. The investment will be used to accelerate Tractable’s […]
USAA Using Google Cloud to Analyze Damage Photos and Identify Parts for Collision Repair Estimates
USAA announced that to make the claims experience faster and more efficient, it has worked with the Google Cloud to develop machine learning models that will allow for nearly instant vehicle damage estimates from digital images. According to USAA, images of damaged vehicles are sent to Google Cloud. The images are then analyzed by Google […]
Tractable Announces AI Photo Appraisal Partnerships
Tractable announced a series of industry partnerships to bring artificial intelligence (AI) photo appraisal to the North America auto collision repair and claim ecosystem, following requests from North American insurers. Key partners include Thatcham Research, LKQ Corporation, and the Automotive Body Parts Association, among others. The new collaborations combine Tractable’s AI algorithms with industry data […]
CIECA August 8 Webinar to Examine Artificial Intelligence Black Box Impact on Claims
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, Inside the AI Black Box: Understanding How Algorithms Appraise Auto Damage in Seconds, will be held on August 8 at 11 a.m. EDT and feature Julie Kheyfets, Tractable’s head of North America, and Marcel Horstmann, Tractable’s estimating research lead. Registration for the event […]
Turkey’s Anadolu Insurance Using IBM Watson AI to Process Auto Claim Photos
IBM (NYSE:IBM) and Anadolu Insurance announced that they are working together using artificial intelligence (AI) to accelerate the damage assessment process. IBM Watson Visual Recognition Service, accessible on the IBM Cloud, will help Anadolu Insurance to quickly review and analyze photos that show vehicle damage. In fact, Anadolu Insurance can now upload and assess the […]
Interview: Jack Rozint, Mitchell International
Rozint discusses the information provider’s work administering the General Motors Collision Repair Network, how technology trends such as artificial intelligence, are influencing the industry and ADAS recalibration. In yet another sign that the role of information providers in the collision repair industry is changing, last year, General Motors announced that it had chosen Mitchell International […]
CIECA Webcast on May 21 Examines Impact of Artificial Intelligence on Collision Repair Industry
The next CIECA webcast, on Tuesday, May 21 at noon (EDT) will feature a presentation by Jeff Saye of Genpact on the impact of artificial intelligence (AI) will have on the collision repair industry and claims organizations. During the one-hour live broadcast, Saye, Genpact’s global practice leader, insurance claims, will talk about the impact of […]
Farmers Insurance Partners with Talespin on VR and AI-Powered Skills Training
Farmers Insurance announced the development of a virtual human training program in collaboration with Talespin. Farmers Insurance will deliver a virtual reality (VR) training curriculum that focuses on simulating critical workplace conversations and helping employees practice key interpersonal skills. Leadership and communication skills, often referred to as ‘interpersonal skills,’ are the fundamental attributes that allow […]
Study Shows Insurers Adopting Predictive Analytics and AI to Combat Insurance Fraud
Traditional anti-fraud technology tools are giving way to advanced analytics as insurance fraud rises, insurers say in a study of insurtech trends. The biennial study was conducted by the Coalition Against Insurance Fraud, assisted by the analytics firm SAS across 84 insurer participants. Fraud has risen over the last three years, about two-thirds of insurers […]
Photo Estimating and AI on Agenda for April 9 CIECA Webinar
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar will feature Raj Pofale, founder and CEO at Claim Genius. Pofale’s presentation, Photo Estimating and AI (Artificial Intelligence), will be held on Tuesday, April 9 at noon EDT. Registration for the April CIECAst is available online. During the one-hour live broadcast, Pofale will […]