Swiss Re, a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer headquartered in Zurich, Switzerland, and Claim Genius, a global Insurtech providing computer vision AI solutions to insurance carriers announced today announced their strategic partnership to bring real-time AI damage assessment and estimation platform to bring more efficiency to motor claims
Quoting Swiss Re’s Global P&C Head Pranav Pasricha, “Swiss Re Solutions aims to deliver world leading claims management capabilities to its Cedant clients helping them lower settlement time and costs, while making the post-accident process fast, fair and frictionless for consumers. Our partnership with Claims Genius helps unlock our global data and tech assets to deliver world leading accuracy and speed in auto-claims damage assessments. Insurers will be able to use our ‘Smart Claims’ platform to transform their claims process into a 100% automated photo-based damage assessment, delivering reliable loss estimations in a matter of minutes with improved FNOL intake, triage, assessor productivity and settlement variability”.
“By adopting Computer Vision & AI technology Insurance industry is seeing huge upside in efficiency & cost savings. At Claim Genius we are continually innovating our AI platform with image & Video base analysis enabling the end-to-end automation for the motor claims.,” said Raj Pofale, Founder & CEO “Our vision is to make touchless claims a reality and our customers across the globe are very happy to see that our technology is enabling them for 100% digitization of their claims process. I am excited to see that Swiss Re believes in our technology and taking it to all their European customers.”
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