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 […]
Mitchell Third Quarter Industry Trends Report Examines Claim Automation, Economic Trends Impacting Claims and Collision Repair
Mitchell International today released its Industry Trends Report (ITR) for the third quarter of 2019. In this quarter’s report, Mitchell executives share insights on leveraging emerging claims technology to improve strategic decision-making. The report also looks at how current positive economic trends coupled with the growing cost and value of cars are increasing the frequency […]
Verisk Acquires UK-Based ClaimsTech Validus-IVC
Verisk (NASDAQ:VRSK) announced it has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the UK, verify. Validus-IVC has offices in Norwich and Bath, United Kingdom. The integration of Validus-IVC’s verify platform with Verisk’s global claims analytic services will allow customers to take advantage of enhanced analytic and […]
Mitchell Announces Blockchain Solution for Collision Repair Industry Data Sharing
Solution would link insurers, vehicle manufacturers, repairers, suppliers, and other industry participants. Will demonstrate technology at event in Palm Springs, Calif. today. Mitchell International, Inc. announced it will soon release a secure solution for sharing data among users within the collision repair and insurance claims industry that uses blockchain technology to provide a highly secure, […]
CCC Launches Connected Data Exchange
Announces 14 new companies are lined up to join its network to share connected vehicle and telematics data. CCC Information Services Inc. announced today the availability of CCC X, a data exchange that helps convert connected data into actionable insights and makes it available for use across the CCC network. CCC also announced today that […]