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 […]
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 […]
GEICO Partners with Tractable on Estimating AI
Insurer will use artificial intelligence to improve the speed and accuracy of estimate review. GEICO, the second-largest auto insurer in the US, is partnering with Tractable to accelerate its auto claim and repair process. Tractable’s proprietary computer vision technology, trained on millions of historical claims, assesses vehicle damage like a human appraiser. Inserting artificial intelligence […]
Tractable Partners with Covéa to Deploy Claims Artificial Intelligence
Covéa, the largest insurance group in France, will accelerate the processing of its policyholders’ claims across its three brands – MAAF, MMA and GMF – with artificial intelligence (AI) that analyses damage to cars. In 2021, Covéa is deploying Tractable’s AI across its network of thousands of French collision repair facilities, where it will assess […]
Former Microsoft CFO and Investor John Connors Joins Tractable Board
Tractable announced that former Microsoft CFO and Ignition Partners Managing Partner, John Connors, has joined its Board of Directors. Connors brings over 30 years of experience as a builder, leader and advisor of high-growth companies in North America. At Microsoft, he led several worldwide divisions, including finance, information technology, worldwide operations and the enterprise sales […]
Tractable Announces Partnership with The Hartford for AI Claims Processing
A day after announcing a partnership with Mitchell International to incorporate its Tractable artificial intelligence (AI) technology into Mitchell Intelligent Estimating, the company announced that The Hartford, the 20th largest provider of private passenger automobile insurance in the U.S., is using Tractable’s AI solution to analyze auto damage in the U.S. Tractable uses computer vision […]
Mitchell Partners With Tractable to Expand Claims Automation Capabilities
Mitchell today announced the addition of Tractable’s artificial intelligence (AI) to the Mitchell Intelligent Open Platform (MIOP). This allows North American automotive insurers to use Mitchell’s claims automation solution—Mitchell Intelligent Estimating—with Tractable AI. With this plug-and-play approach, insurers have the flexibility to incorporate the AI technology that meets their unique workflow requirements. “We’re excited to […]
Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis
PZU, the largest financial institution in Central and Eastern Europe, is using artificial intelligence (AI) to enhance how it reviews its car insurance claims across Poland. PZU handles nearly 500,000 motor damage claims per year. Before implementing AI, Poland’s largest insurer was performing a detailed review of around 20% of its motor claims that are […]
MS&AD Chooses Tractable’s AI for Auto Claims in Japan
MS&AD, the fifth largest property and casualty insurer globally, will use artificial intelligence (AI) technology from Tractable to analyze photos of vehicle damage on auto insurance claims in Japan, speeding up recovery for its policyholders. MS&AD will deploy the AI across both of its subsidiaries, Mitsui Sumitomo Insurance (MSI) and Aioi Nissay Dowa Insurance (ADI), […]
Admiral Seguros To Use Tractable Artificial Intelligence To Assess Vehicle Damage in Spain
For the first time, an insurer in Spain, Admiral Seguros, the Spanish subsidiary of global insurer Admiral, is using artificial intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles. To do this, Admiral Seguros is using an AI solution, developed by the technology company Tractable, which evaluates […]