Tokio Marine will use Tractable’s artificial intelligence (AI) solution that employs computer vision to look at photos of vehicle damage to process auto damage claims across its insurance operations in Japan. According to the announcement, Tokio Marine will use the AI to understand the full range of repair decisions available to it, including recommended repair, […]
Tractable Donates $25,000 to CIF COVID-19 Fund
Over the past month, over 500 requests have been submitted by collision repair professionals asking CIF for financial assistance through the CIF COVID-19 fund that was established in late March. The initial fund, including early contributions by half a dozen generous donors, had been nearly expired in mid-April when CIF sent out a request for […]
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 […]
Jimmy Spears Named Head of Automotive at Tractable North America
Tractable is delighted to announce that Jimmy Spears will join its North America organization as Head of Automotive. Spears joins Tractable after 30+ years working in the insurance and automotive industry, where he led USAA’s Auto Claims Experience and Global Auto Physical Damage operations and strategy, and the Strategic Initiatives team at Farmers Insurance. At […]
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 […]
Tractable Announces AI Photo Appraisal Partnerships
Tractable announced a series of industry partnerships to bring artificial intelligence (AI) photo appraisal to the North America auto collision repair and claim ecosystem, following requests from North American insurers. Key partners include Thatcham Research, LKQ Corporation, and the Automotive Body Parts Association, among others. The new collaborations combine Tractable’s AI algorithms with industry data […]
CIECA August 8 Webinar to Examine Artificial Intelligence Black Box Impact on Claims
The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, Inside the AI Black Box: Understanding How Algorithms Appraise Auto Damage in Seconds, will be held on August 8 at 11 a.m. EDT and feature Julie Kheyfets, Tractable’s head of North America, and Marcel Horstmann, Tractable’s estimating research lead. Registration for the event […]
Mitchell Releases Artificial Intelligence-Enabled Claim Review Solution
Integrated workflow solution analyzes and learns from photos to help identify correct replace and repair decisions. Mitchell announced it has launched its WorkCenter Assisted Review, the first integrated workflow solution to leverage artificial intelligence for the estimate review process. By using visual computing to analyze photos, the solution uses machine-learning technology to help identify incorrect […]
Mitchell Artificial Intelligence Partner Tractable Secures $8 Million Investment
Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]
Mitchell Announces Partnership to Bring Artificial Intelligence to Claims Processing
Partners with UK-based Tractable to create automated claim processing solutions Mitchell International announced an exclusive partnership in North America with Tractable, a UK-based technology firm specializing in the development of artificial intelligence solutions capable of automating manual tasks. Mitchell will integrate Tractable’s solutions within its WorkCenter Automobile Physical Damage platform, enabling customers to make better […]