CCC Information Services Inc. (CCC) reported today that photo estimates and artificial intelligence (AI) supported claims have expanded at a record pace exceeding double-digit growth since the beginning of the year. The rapid adoption of digital technology is in direct response to social distancing and work-from-home protocols initiated to combat COVID-19. CCC industry data shows […]
Interview: Olivier Baudoux, Mitchell International
Baudoux, senior vice president of global product strategy and artificial intelligence for auto physical damage at Mitchell International details its AI-enabled estimating solution and its impact on collision repair. With the announcement of the commercial availability of Mitchell Intelligent Estimating (MIE) in the U.S., artificial intelligence (AI) is becoming an increasing part of the auto […]
Tokio Marine to Use Tractable AI for Auto Insurance Claims in Japan
Tokio Marine will use Tractable’s artificial intelligence (AI) solution that employs computer vision to look at photos of vehicle damage to process auto damage claims across its insurance operations in Japan. According to the announcement, Tokio Marine will use the AI to understand the full range of repair decisions available to it, including recommended repair, […]
Mitchell Announces AI-Enable Intelligent Estimating Solution
Mitchell today announced U.S. commercial availability of Mitchell Intelligent Estimating an artificial intelligence (AI)-enabled claims automation solution. The solution, first announced at Mitchell’s mPower Conference in October 2019, provides an end-to-end framework that leverages artificial intelligence, a cloud-based estimating system, and patent-pending intellectual property and data – which turns photos of damaged vehicles into component-level […]
Ageas UK Using Tractable AI on Auto Claims
For the first time, one of the UK’s insurers is employing artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage. Ageas is using an AI solution developed by Tractable to support some of the complex tasks that a human assessor would normally carry out when evaluating vehicle damage. For example, the AI […]
Tractable Raises $25M in Series C Investment Round
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 […]