Computer Vision in Insurance – Thematic Research
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Computer vision uses AI to analyze images and videos to identify objects and provide actionable insights. Within the insurance industry, computer vision technology is currently being used to help improve both underwriting and claims processes. Computer vision enables insurers to capture underwriting data more easily and allows for the use of new data that was not traditionally used. It also allows insurers to expedite the claims process by letting AI perform damage assessments using pictures, rather than in-person appraisals. This improves the overall customer experience, as policies can be priced more accurately and efficiently while claims can be settled in a timelier manner.
Scope
GlobalData estimates the computer vision market to be worth $28bn in 2030.
Within the insurance industry, computer vision is being most utilized by motor and property insurers.
Insurers prefer to partner with computer vision technology providers rather than developing solutions in-house.
Reasons to Buy
Identify the impacts computer vision will have on the insurance value chain.
Identify key players in the computer vision industry that are providing insurance solutions.
Plan for the future to stay ahead of the competition.
Ageas
Aon. Covea
Gen Re
The Hartford
ICICI Lombard. Legal & General
MS&AD
Munich Re
National Interstate Corporation
Nationwide
Ping An
Swiss Re
Travelers
Tokio Marine
Zurich
Betterview
Cape Analytics
Kespry
Lapetus Solutions
Pineapple
Sicara
Tractable
USAA
Zesty.ai
Microsoft
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