Intelligent vehicle damage assessment Qorus Innovation in Insurance Awards 2021

Submitted by

Baidu

Premium
25/01/2021 Insurance Innovation
Deep learning, image recognition, claim processing automation
Innovation details
Country
China
Category
Insurtech
Keyword
AI & Generative AI, Car & Mobility insurance, Claims management

Innovation presentation

Traditional car insurance claim processing has several issues. For insurance companies, the efficiency of damage assessment depends on the locations of accidents and the experience of individual insurance adjusters. Operating costs are high due to difficulty with improving human efficiency. Customers also encounter bad experiences, including slow damage assessment and claim processing. In addition, car insurance frauds occur regularly due to the variety of insured car models and high frequency of filed claims. All these issues have made the intelligent transformation of car insurance claim processing more urgent. Intelligent vehicle damage assessment can provide solutions to these problems.

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