Tractable has partnered with a major insurer to assess claims using AI

May 19, 2017 · bdaily.co.uk

A63d4cbed37459046303038c4858e51e31125a50

London-based startup Tractable has partnered with multinational insurance giant Ageas to utilise its artificial intelligence (AI) technology to assess insurance claims.

In yet another example of the creeping adoption of machine learning across industries and sectors, the pairing will allow the Belgian insurance firm to carry out the traditionally time intensive task of assessing vehicle damage from images in a matter of seconds.

The tech will also allow Ageas to red flag any potentially fraudulent insurance claims, with case handlers working in tandem with Tractable’s AI system to ensure more accurate and objective payouts.

In comments reported by City AM, Ageas Transformation Director Rob Smale said that the insurer was keen to roll the technology out across its operations following a successful trial last year. Smale described the results of the pilot as ‘impressive’ and the Ageas was keen to push the technology out ‘at scale’.

Read Complete Article

RT @iamstartacus: We take a look at Mush, the app that's aiming to "instantly makes you a part of your local mum community". https://t.co/w…

RT @MayorofLondon: In this cold weather @tfl and @londoncouncils are joining forces to keep London moving. Remember to check before travell…

#Cybercrime is now a $1 trillion industry with highly sophisticated actors - how can #AI and #BigData help us comb… https://t.co/yrHqZWQUjp

MWC 2018: Telstra's 5G rollout plan for 2019 https://t.co/6kDOuQq6MT by @thelaughingsub

MWC 2018: Telstra to live demo 2Gbps 4G https://t.co/iLtn3mWZ3B by @thelaughingsub

Tech.London Weekly

×