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 @TechDayHQ: "A business has to be involving, it has to be fun, and it has to exercise your creative instincts." @richardbranson #Wednesd…

RT @TimeOutLondon: Are you a young filmmaker? @SadiqKhan wants you! https://t.co/tkyitSItS6 https://t.co/HRzBZV6vRU

The UK government is pledging support in the form of £61 million to the #tech industry https://t.co/5l7lggdvHW https://t.co/dg8RbR2Xrq

‘We must step forward together’ May says on Brexit talks https://t.co/w2c3FR0eeK

Uber gets regulatory go-ahead for Russian tie-up with Yandex https://t.co/djNfLcwzsv

Tech.London Weekly

×