Audatex, part of Solera Holdings, Inc., the global provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services, and Asirom VIG, one of the most important insurance companies in Romania, are taking the next step of using Artificial Intelligence (AI) to settle claims faster and shorten key-to-key times. Together, they have extended their […]
CCC Reports 8 Auto Insurers Using its AI-Powered Touchless Estimating Solution
CCC Intelligent Solutions (NYSE:CCCS) today reported a 50 percent year-over-year increase in the application of advanced artificial intelligence (AI) for claims processing. The company also reports that more than 9 million unique claims have been processed using a CCC deep learning AI solution, growing more than 80 percent in 2021, and the number of claims […]
Root Insurance Selects Tractable AI To Streamline Claims Operations
Root Insurance will use artificial intelligence (AI) to streamline and accelerate its claims operations using Tractable’s suite of AI solutions. Root will launch the partnership with the AI Subro solution from Tractable to enable Root to assess and respond to subrogation demands more accurately and efficiently. After testing market solutions head-to-head, Root chose Tractable, which […]
LexisNexis Risk Solutions Partners with Shift Technology on Claim Processing Technology
LexisNexis Risk Solutions and Shift Technology announced today the two companies have entered a strategic alliance that will enable insurance carriers to seamlessly incorporate LexisNexis Claims Clarity data and analytics into Shift’s insurance decisioning artificial intelligence (AI) models, allowing carriers to better predict fraud and risk at the first notice of loss. To achieve greater […]
State Farm Ventures Among Investors in AI-Computer Vision Company
Nexar’s network of dash cameras collect more images that are being used to create a complete digital twin of U.S. roads. Nexar, an artificial intelligence (AI) computer vision company, announced the completion of a $53 million Series D funding round led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, […]
Amica Mutual Expands Relationship with CCC
CCC Intelligent Solutions (CCC) announced today an extension of its relationship with Amica Mutual Insurance Company. From first notice of loss to resolution, Amica will leverage CCC’s advanced AI and mobile solutions to meet the evolving needs of its policyholders. “Amica has built its reputation by delivering exceptional claims experiences to our customers,” said Hank […]
CCC Launches Touchless Auto Estimates with Line Level Detail to Enable Straight-Through Processing
CCC Intelligent Solutions Inc. announced a straight-through claims processing (STP) solution powered by artificial intelligence (AI), CCC Estimate-STP. The system uses advanced AI and insurer-driven rules to automatically initiate and populate detailed and actionable estimates in seconds, making touchless estimates a reality. In market with four national insurers, including USAA, CCC Estimate – STP offers […]
Tractable Announces New AI-enabled Vehicle Inspection Solution
Tractable announced the launch of AI Inspection, a new solution that accurately assesses the external condition of a vehicle’s body within minutes AI Inspection allows anyone with a smartphone to quickly and easily assess a vehicle through a mobile-friendly web-based app, in the time it takes to simply walk once around the car, regardless of […]
Mitchell Partners with Inspektlabs to Offer Option for AI-Generated Vehicle Appraisals
Mitchell today announced its collaboration with Inspektlabs. Using Mitchell’s advanced claims automation solution—Mitchell Intelligent Estimating—with Inspektlabs’ best-in-class artificial intelligence (AI), insurers can automatically generate an appraisal from photos or videos of collision-damaged vehicles. Mitchell Intelligent Estimating is designed for flexibility and scalability. It combines the latest AI technology with the company’s 75 years of experience, […]
Economical Insurance Selects Shift Technology for Fraud Detection
Shift Technology, a provider of artificial intelligence (AI) decision automation and optimization solutions for the global insurance industry, announced that Economical Insurance, a property and casualty insurer in Canada, will deploy Shift Claims Fraud Detection to better spot potentially suspicious claims in its Personal and Commercial Auto and Property lines of business. Economical was looking […]
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