Accuracy in motor insurance claims assessment has two adjusters examining identical vehicle damage, which might have estimates that are different by thousands of dollars.
This inconsistency creates problems for everyone – there are insurers that have problems with unpredictable loss reserves, policyholders that are confused about whether they’re being treated fairly, and repair shops deal with endless back-and-forth regarding the supplement requests.
AI-powered claims assessment is changing this by bringing in objective, data-driven accuracy that manual processes simply cannot match or replicate. [Read more…] about How AI is Improving Accuracy in Motor Insurance Claims Assessment