Clearcover unveils game-changing gen AI tool for rapid claims processing

28/03/2024 News

Clearcover, a leading car insurance provider, has launched an innovative generative AI tool aimed at expediting claims processing and enhancing customer satisfaction.

This AI solution, driven by large language models (LLMs), streamlines statement collection immediately following a claim report, eliminating the need for time-consuming follow-up calls. Clearcover's CEO, Kyle Nakatsuji, highlights the company's commitment to leveraging technology for digitally savvy customers, praising the teams involved for their pioneering efforts.

As an industry trailblazer, Clearcover is introducing a suite of AI products to improve the insurance experience. These include a claims assistant for adjusters and plans to integrate conversational AI into their mobile app for 24/7 customer support.

Adam Fischer, Clearcover's Chief Product and Innovation Officer, emphasizes the transformative potential of generative AI in empowering customers. This launch aligns with Clearcover's Clear Claims process, powered by ClearAI, which aims to process eligible claims in as little as 30 minutes, setting a record of just 7 minutes.

Related news & insights

Embedded Insurance
12/04/2024 Video

Empowering green mobility: Laka's vision for sustainable insurance with embedded solutions

Tobias Taupitz, the CEO and Co-Founder of Laka, drives his company's aspiration to become the world's leading green mobility partner....

Digital Reinvention
10/04/2024 Article

7 lessons learnt from the Indian market

What do young fintech startups need to know to avoid unpleasant surprises after entering this promising market? Having launched an...

09/04/2024 Study

Driving forces: The interplay of financial services and the EV sector

The financial services sector and the electric vehicle (EV) sector are two dynamic realms undergoing a significant transformation in today's...

09/04/2024 News

MMA's new mobile app: Redefining customer experience

This new offering is tailored for both individual and professional clients, with a primary goal of simplifying their day-to-day interactions...

08/04/2024 Article

Insurance Innovation of the Month: Caminhos by Bradesco Seguros

This month’s Qorus Insurance Innovation award goes to Bradesco Seguros for Caminhos, a unique mentoring program designed to support and...

08/04/2024 News

AXA and AWS team up to revolutionize global risk management

AXA, a leader in insurance and asset management, has partnered with Amazon Web Services (AWS) to develop the AXA Digital...

Digital Reinvention
07/04/2024 News

NewRetirement secures $20M funding to expand accessible financial planning solutions

Through sophisticated modeling and thousands of scenario analyses, users can engage in holistic planning with digital guidance.

07/04/2024 News

Consors Finanz and MG Motor Deutschland forge deeper ties

Consors Finanz is becoming the primary financial partner for MG Motor's entire distribution network, encompassing both dealer and agency models.