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 […]
CIECA August 19 Webinar Features CCC on AI and Network Connections Redefining Claims and Repair Experience
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar is scheduled for Thursday, August 19 at 2 p.m. (EDT). The webinar, How Activating AI and Network Connections is Redefining the Claims and Repair Experiences, will feature Marc Fredman, chief strategy officer, and Shivani Govil, chief product officer, from CCC Intelligent Solutions […]
Tractable Launches AI Subrogation Solution for Auto Insurers
Tractable announced the launch of AI Subro, a new solution that will help US auto insurers resolve subrogation tasks with artificial intelligence (AI). AI Subro digitizes and accelerates many of the tasks involved in subrogation – the process by which insurers legally pursue third parties that have caused losses to the insured. At present, subrogation […]
CCC Incorporates AI into Collision Repair Estimating Platform
CCC Intelligent Solutions Inc. announced it will enhance its CCC ONE collision repair estimating platform by adding advanced artificial intelligence (AI) into its application later this quarter. The new feature, CCC ONE Estimating – IQ, will provide collision repair facilities a jump start on estimating, applying machine learning to pre-populate estimates with parts and labor […]
Sean Carey to Examine Safe and Proper Repair Using AI in July 8 Guild 21 Webinar
Verifacts Automotive, LLC announced that its Guild 21 Webinar on July 8 at 2 p.m. (EDT) will feature Sean Carey, president of SCG Management Consultants. During the 90-minute presentation, A Safe & Proper Repair Using AI, Carey will talk about the role of artificial intelligence (AI) when it comes to a proper and safe repair […]
LKQ North America Partners with Tractable to Deploy AI to Optimize Salvage Vehicle Recycling
LKQ North America is using Tractable’s Artificial Intelligence (AI) to accelerate and optimize the recycling of the salvage vehicles LKQ procures across their North America segment. The AI uses computer vision, a technology that allows algorithms to reason based on images, to assess the specific damage on each vehicle and determine which parts can be […]
ACD and Attestiv Collaborate to Bring AI-Photo Analysis to Auto Claims
AutoClaims Direct, Inc., (ACD) and Attestiv, Inc., a leading media authenticity platform announced a joint collaboration to bring photo verification and fraud detection to ACD’s CLARITY technology platform. “Fraud awareness and prevention is critical in the insurance industry and ACD is delighted to work with Attestiv to provide technology tools for our auto insurance clients. […]
Hyundai Acquires Robotics Firm Boston Dynamics from SoftBank
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), on June 21 announced the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were […]
Tractable Raises $60 Million
Tractable announced a $60M Series D investment led by Insight Partners and Georgian. The round doubles the total raised by Tractable from $55 million to $115 million and values the company at $1 Billion Tractable’s artificial intelligence (AI) analyzes vehicle damage photos in real time to accelerate decisions that can otherwise take days, such as […]
Solera’s Omnitracs Releases Next-Generation Solution for Inattentive Driving
Omnitracs, that was recently acquired by Solera, announced the release of SmartSense for Inattentive Driving+, the next generation of SmartSense. SmartSense for Inattentive Driving+’s integrated cab-facing cameras and sensor employ AI and computer vision to detect suspected sleep, drowsiness, cell phone usage, smoking, and general inattention, alerting drivers to take action to avoid a collision. […]
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