Swiss Re partners with Insurtech Claim Genius to improve auto claims efficiency

Swiss Re partners with Claim Genius, a global insurtech that provides artificial intelligence (AI) insurance solutions, to provide a real-time damage assessment and estimation platform to improve auto claims effectiveness.

“Swiss Re Solutions aims to provide leading claims management capabilities to its ceding clients, helping them reduce settlement times and costs, while making the post-accident process fast, fair and frictionless for claimants. consumers, ”commented Swiss Re’s Global Head of P&C, Pranav Pasricha.

“Our partnership with Claims Genius helps unlock our global data and technology assets to deliver industry-leading accuracy and speed in automatic claims damage assessments,” Pasricha added.

“Insurers will be able to use our ‘Smart Claims’ platform to transform their claims process into a 100% automated photo-based damage assessment, providing reliable loss estimates within minutes with improved admission, triage, rater productivity and variability of regulations. , “he said. (Editor’s note: FNOL is the” first loss notification. “)

By adopting computer vision and artificial intelligence technology, the insurance industry “is seeing huge benefits in terms of efficiency and cost savings,” said Raj Pofale, Founder and CEO of Iselin, Claim Genius, based in NJ.

Pofale said analysis of Claim Genius’ image and video database enables “end-to-end automation for engine claims.”

On its website, the company said it aims to provide contactless complaints to carriers.

“Our vision is to make contactless claims a reality and our customers around the world are very happy to see that our technology enables… 100% digitization of their claims process,” said Pofale. “I am delighted to see that Swiss Re believes in our technology and [is] bringing it to all their European customers.

About Claim Genius

Claim Genius Inc.’s patent-pending artificial intelligence image analysis and predictive analytics provide instantaneous damage assessment, condition and estimation from uploaded videos or photos through its technology. easy to use mobile application. Claim Genius’s mission is to reduce claims processing time, increase business profitability and revolutionize the claims experience for customers around the world. In addition to its head office in Iselin, NJ, the company also has development centers in Nagpur and Hyderabad, India, and an office in the United Kingdom.

Source: Claim the genius

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Mergers Claims InsurTech Tech Swiss Re

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