– Processes images and data to help insurers automate the auto claims adjudication process and manage costs.
– Uses machine vision which is designed to improve over time to analyse damaged vehicles in auto insurance claims and provides claims costs estimates without human intervention.
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A quick look at the top insurance and insurtech stories from around the world last week:
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.
Zurich Insurance Group has announced the winners of its Fifth Innovation Championship. The nine winners all excelled in fulfilling Zurich’s ambition: leveraging technology to transform the customer experience.
