Meanwhile, Tractable possesses “touchless” (without manual intervention) AI-powered auto insurance claim technology, which it first launched in 2020 and is currently in use in the UK, Spain, and Italy. The company launched its “AI Inspection” solution last September. Trained on hundreds of millions of images to understand auto body damage like a human assessor, the solution is being used by over 20 of the world’s leading insurers and automotive companies.
Tractable’s AI can detect damage to over 80 automobile panels and parts.
According to a joint release from the companies, the two technologies combined would allow straight-through processing for insurers