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 @LSEpublicevents: Catch up with last week's most popular #podcast: @MayorofLondon @SadiqKhan on good growth by design https://t.co/OM3WN…

Thank you to every single #London2017 volunteer who has helped make @ParaAthletics a triumph for athletes and fans. https://t.co/UQHtvbtNzA

London's #FinTech #startups keen to remain in the capital https://t.co/bmTnQ1oEcP

RT @JonnyStanton: Say hello to Japan's cute red sushi delivery robot https://t.co/VE3Zegp4Qz via @thememo

Encourage excellence in the MICE industry and vote for the best CVB #StellaAwards #Northstar #London… https://t.co/doQ1emsavc

Tech.London Weekly

×