AI Use Case
Recognise and categorise type of damage to predict insurance claim valuation through accessing photographic data
Recognise and categorise type of damage to predict insurance claim valuation through accessing photographs provided by on-site sources. Reduces need to deploy risk adjusters - and the chance that their assessments may be influenced by external factors (e.g. interaction with customers).
Function
Benefits
Cost - Job automation,Operational - Process speed up,Operational Support - Issue triage
Case Studies
Ant Financial ~Ant Financial automates vehicle damage assessment to assist automobile insurers using image recognition,Click-Ins~Click-Ins to detect and automatically assess car damage with the introduction of a visual recognition and matching tool ,CCC Information Services Inc.~CCC Information Services predicts repair requirements from vehicle collision photos using AI
Potential Vendors
Industry
Financial Services
Insurance
Data Sets
Images,Structured / Semi-structured
AI Technologies
Machine Learning (ML),ML Task - Prediction - Multi-class Classification,ML Task - Prediction - Annotation,Product Type - Vision - Image classification