Examples of the Insurtech companies that had a major impact on the insurance industry.
by SMEBOOK (admin) · January 30, 2021
Below, three of the most representative companies in the Insurtech market:
- Tractable: This insurtech startup is changing the way car insurers handle claims by applying AI to accident and disaster recovery. The technology looks at the asset damage and predicts repair costs from photos in real-time so that claims can be settled faster. Instead of it taking days or even weeks to assess a damage claim after a car accident, for insurers using Tractable, it now takes minutes.
- Dinghy: This app-based freelancer insurer enables freelancers to match their insurance to their on-demand working lives, something they have previously found difficult to do.
- Untangler: The inconsistent and often unpredictable nature of external data can cause insurers a real headache, leading to delays in processing new opportunities and managing existing books of business. Untangler is the insurtech that gets around that problem by using AI to recognize inbound customer or employee data in any format, transform it into readable data in seconds from which providers can create quotes without having to convert the data within cells.
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