American Family Insurance announced the acquisition of Chicago-based data and analytics software company, Networked Insights, to accelerate its digital transformation, including its use of data, advanced analytics and artificial intelligence (AI). According to the insurer, at a time when technology and innovation are transforming the insurance industry, the acquisition allows American Family to build on […]
CCC Leverages Artificial Intelligence to Support Total Loss Decisions
CCC Information Services Inc. (CCC) introduced today its Smart Total Loss solution, an Artificial Intelligence (AI) powered claims solution that uses and analyzes a single photo to help auto insurers predict a vehicle total loss in seconds, with superior accuracy, and without human intervention. According to the company, CCC Smart Total Loss uses deep learning […]
Mitchell Releases Artificial Intelligence-Enabled Claim Review Solution
Integrated workflow solution analyzes and learns from photos to help identify correct replace and repair decisions. Mitchell announced it has launched its WorkCenter Assisted Review, the first integrated workflow solution to leverage artificial intelligence for the estimate review process. By using visual computing to analyze photos, the solution uses machine-learning technology to help identify incorrect […]
AutoClaims Direct Launches Artificial Intelligence and Machine Learning Division
AutoClaims Direct, (ACD) announced the launch of acdcorp.ai, a labs division within the company focused on rapid development and deployment of machine learning and computer vision for the auto claims industry. “Our industry leading technology provides one unified platform for multi-channel inspections including mobile self-service claims, virtual processing, field networks, collision repair and salvage. By […]
Metromile Announces Artificial Intelligence Claims System Using Sensor Data
Pay per mile insurer announced a new claim application it hopes will provide a frictionless experience enabling claims to be verified and paid out quickly. Metromile, a pay-per-mile car insurance provider in the U.S., is launching its new automated system powered by their AI smart claims assistant, AVA. According to the company using its Pulse […]
PartCycle Adds Artificial Intelligence to Improve Used Parts Procurement
PartCycle Technologies announced that artificial intelligence software it developed, Inventory A.I., is designed to provide buyers of used automotive parts with accurate inventory descriptions and clear part grades on its used parts Marketplace, PartCycle.com. Currently, most online used parts solutions typically only show sellers’ abbreviated notes and industry shorthand terms to describe each part for […]
Toyota Research Institute Makes $100 Million Investment To Bring Disruptive Tech To Market Faster
Initial investments funding autonomous vehicle technology, artificial intelligence and robotics. The Toyota Research Institute (TRI) announced it is investing an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI launched the venture by contributing initial investments it has made in […]
Mitchell Artificial Intelligence Partner Tractable Secures $8 Million Investment
Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]
Mitchell Announces Partnership to Bring Artificial Intelligence to Claims Processing
Partners with UK-based Tractable to create automated claim processing solutions Mitchell International announced an exclusive partnership in North America with Tractable, a UK-based technology firm specializing in the development of artificial intelligence solutions capable of automating manual tasks. Mitchell will integrate Tractable’s solutions within its WorkCenter Automobile Physical Damage platform, enabling customers to make better […]
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