Tag: Insurance



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How More Connected Vehicles on the Road Will Impact the Insurance Industry


By 2023, there will be over 350 million connected cars on the road. What can the insurance industry do about it? It turns out that quite a bit, as automotive companies, introducing the latest technological advances, are enabling new ways to mix driver behavior. This is of great importance in the context of creating offers, […]




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How AI is Transforming Automotive and Car Insurance


The car insurance industry is experiencing a real revolution today. Insurers are more and more carefully targeting their offers using AI and machine learning features. Such innovations significantly enhance business efficiency, eliminate the risk of accidents and their consequences, and enable adaptation to modern realities.  Changes are needed today Approximately $25 billion is “frozen” with […]




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How Insurers Can Use Telematics Technology to Improve Customer Experience and Increase Market Competitiveness


As technology is evolving in the car insurance and data-defined vehicles markets, the generational cross-section of people who use them is also undergoing transformation. Currently, two generations, in particular, are coming to the fore: Millennials and Gen Z. They are interested in service and product offerings that are as personalized and tailor-made as possible, rather […]




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How to Choose a Technological Partner to Develop Data-driven Innovation


Insurance companies, especially those focused on life and car insurance, in their offers are placing more and more emphasis on big data analytics and driving behavior-based propositions. We should expect that this trend will only gain ground in the future. And this raises further questions. For instance, what should be taken into account when choosing […]




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How to Enable Data-driven Innovation for the Mobility Insurance


Digitalization has changed the way we shop, work, learn and take care of our health or travel. Cars are no longer used just to get from A to B. They are jam-packed with technology that connects us to the world, enhances safety, prevents breakdowns, and even provides entertainment. With the rise of the Internet of […]




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How to Expedite Claims Adjustment by Using AI to Improve Virtual Inspection


If we look at the claims adjustment domain from a high-level perspective, we will surely notice it is a very complex set of elements: processes, data, activities, documents, systems, and many others, depending on each other. There are many people who are involved in the process and in many cases, they struggle with a lot […]




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Leveraging AI To Improve VIN Recognition – How To Accelerate and Automate Operations in the Insurance Industry


Here we share our approach to automatic Vehicle Identification Number (VIN) detection and recognition using Deep Neural Networks. Our solution is robust in many aspects such as accuracy, generalization, and speed, and can be integrated into many areas in the insurance and automotive sectors.  Our goal is to provide a solution allowing us to take a picture using a mobile app and read the VIN that is present in the […]