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

May 19, 2017 · bdaily.co.uk

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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’.

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