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You are here: Home / Archives for Tractable

Tractable Announces New AI-enabled Vehicle Inspection Solution

September 2, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Artificial Intelligence, Tractable

Tractable Launches AI Subrogation Solution for Auto Insurers

July 23, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Artificial Intelligence, Claims Technology, Subrogation, Tractable

LKQ North America Partners with Tractable to Deploy AI to Optimize Salvage Vehicle Recycling

June 29, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, LKQ Corporation, Salvage, Tractable

Tractable Raises $60 Million

June 18, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Artificial Intelligence, Private Equity, Tractable

GEICO Partners with Tractable on Estimating AI

May 26, 2021 By CollisionWeek Editor

GEICO Tractable Announces Partnership

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 […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, GEICO, Tractable

Tractable Partners with Covéa to Deploy Claims Artificial Intelligence

April 22, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, Covéa, Tractable

Former Microsoft CFO and Investor John Connors Joins Tractable Board

March 4, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Board of Directors, People, Tractable

Tractable Announces Partnership with The Hartford for AI Claims Processing

January 28, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, The Hartford, Tractable

Mitchell Partners With Tractable to Expand Claims Automation Capabilities

January 27, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Artificial Intelligence, Mitchell International, Tractable

Polish Insurer PZU Partners with Tractable for AI Auto Damage Analysis

November 30, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Agreements Signed, Europe, Poland, PZU, Tractable

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