Solera Holdings, Inc. today announced its next generation of Qapter, the company’s automotive claims workflow solution driven by artificial intelligence (AI) that provides a globally available end-to-end solution for full digitalization of the modern claims workflow. Solera has made strategic investment into core machine-learning capabilities that will radically transform the claims workflow process. The company’s […]
State Farm Venture Capital Arm Looks for Start-Ups to Fund
State Farm Ventures highlighted its search for disruptive technologies that would benefit State Farm Policy holders and has added the ability to pitch ideas at its new website. State Farm Ventures, a wholly owned subsidiary of State Farm, launched in 2018 with a $100 million investment commitment and has already provided funding to nine companies. […]
Clearcover Partners with Snapsheet for Claims Management Platform
Snapsheet announced a new strategic partnership with Clearcover, an auto insurance startup. The collaboration between the two Chicago-based insurtech companies integrates Snapsheet’s claims management software to power Clearcover’s approach to auto insurance. Snapsheet’s software-as-a-service (SaaS) claims management platform provides engagement tools from electronic first notice of loss (eFNOL) to directly depositing payments into customers’ bank […]
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 […]
Metromile and Tokio Marine Expand Partnership with FNOL Technology
Metromile, the pay-per-mile car insurance company in the U.S. announced that Tokio Marine Group, Japan’s largest insurer, deployed the digital, first notice of loss (FNOL) product Metromile REPORT across its $13 billion auto insurance book. With Metromile REPORT, Tokio Marine expects to improve customer claims by enabling drivers to report accidents online and through its […]
Safelite Partners with Digital Solutions Provider
Safelite Solutions announced a new strategic partnership with Westhill Inc., an Atlanta-based digital solutions company offering technology that redefines the traditional property insurance claims process, resulting in a enhanced policyholder experience. Westhill has developed a reputation-based management system that connects the policyholder, service provider, and claims professional through a common digital platform to expedite any […]
CIECA Webinar November 12 Examines Impact of New Technologies on Auto Physical Damage Claims
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, This Changes Everything: The Impact of New Technologies on the Auto Physical Damage & Claims Ecosystem – What Repairers and Other Collision Industry Stakeholders Need to Know, will be held on Tuesday, November 12th at noon EST and feature Stephen Applebaum, managing partner […]
BASF Seeks to Strengthen Refinish Business with Acquisition of Belgian Internet Accident Management Service and Vehicle Lifecycle Management Platform
BASF announced September 30 that it acquired a majority share of the internet platform UBench with offices in Turnhout and Geel, Belgium. Both companies have agreed not to disclose financial details of the transaction. The transaction includes UBench International NV, CarRoll BVBA and DLight BVBA. Regulatory approvals are not required. BASF says the transaction strengthens […]