Streamlining the claims process is a major goal of the insurtech movement, and artificial intelligence is making it a reality.
Ageas is among the insurers working with the startup Tractable's computer-vision platform that can assess damage to autos and homes. Founded in 2014, the startup, with offices in San Francisco and London, is refining its algorithm for a wide range of clients including insurance companies and collision-repair providers. It has secured nearly $10 million in total equity funding, including $8 million from a Series A fundraising round in June 2017.
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