HITS – House of Insurtech Switzerland and Tractable joined forces to run a Proof of Concept (PoC) to apply Artificial Intelligence (AI) to auto claim evaluation in Switzerland. This is the first stage to show what AI can do to assess vehicle damage more efficiently in Switzerland.
The PoC used Tractable’s AI Estimating solution to assess damage from pictures, enabling an insurer to quickly understand what has happened to a vehicle and what repairs are needed. As a result, the teams were able to explore and learn the capabilities of Tractable’s visual AI technology applied to claims, leading to a better understanding of what future collaborations between Tractable and insurers can bring.
Tractable’s technology is already improving how insurance companies around the world make decisions enabling them move claims forward within minutes, accelerating the claims journey, and greatly improving customer experience.
For us at HITS, our main focus is and will continue to be, accelerating today's digital transformation by using Corp-Up and helping to shape and be prepared for tomorrow. With this PoC we are one step forward into the future for insurers and their valuable customers.
Tractable develops artificial intelligence (AI) for accident and disaster recovery. Founded in 2014, Tractable’s industry-leading AI solutions process more than $2 billion in vehicle repairs and purchases each year. Tractable’s AI is trusted by over 25 of the world’s top 100 insurance carriers to help people and businesses repair, protect and transact cars and homes with greater speed, accuracy, and efficiency.