Metromile Announces Strategic Enterprise Partnership To License Connected Intelligence Platform
"We are excited to expand the Connected Intelligence Platform's reach beyond
As the first carrier to license
"
Customer Intelligence: Using advanced machine learning techniques, Customer Intelligence helps insurance carriers better target risk at an individual level across their marketing investments and throughout the policy purchase flow. It also allows for real-time underwriting on an individual customer basis.
Claims Intelligence: Harnessing machine learning to automate and identify fraud, Claims Intelligence expedites and processes the majority of auto insurance claims, drastically improving the customer experience while reducing Loss Adjustment Expense (LAE) and Loss Ratio (LR). The Claims Intelligence product is powered by AVA,
- Claims Visibility Suite: The Claims Visibility Suite is made up of:
- AVA First Notice of Loss (FNOL): From detecting an accident to walking the customer through filing a claim, AVA FNOL helps facilitate every step of the process.
- AVA Intelligence: Aggregating all of the information surrounding a claim and applying sophisticated machine learning algorithms, AVA Intelligence automatically determines the consistency of a claim and categorizes the probability of fraud. Low risk claims are routed for processing through the Automation Suite, while the higher risk claims are sent to adjusters for investigation.
- AVA Virtual Witness: Using sensor data from multiple sources, AVA Virtual Witness is always there to give detailed and relevant information about the incident. AVA Virtual Witness is comprised of:
- Co-Pilot SDK (iOS and Android): A market ready mobile telematics SDK designed for quick and seamless implementation into an existing insurance company's mobile application. Co-pilot provides the trip level data required to support AVA Virtual Witness.
- An online platform for claims adjusters to recreate the scene of an accident based on data collected by
Co-Pilot or other available sensors. - AVA Claims Automation Suite: For every task that doesn't involve a human touch, AVA Automation makes the entire claims process frictionless for the consumer and the adjuster.
For more information about
About
After launching their pay-per-mile product in 2012,
View original content with multimedia:http://www.prnewswire.com/news-releases/metromile-announces-strategic-enterprise-partnership-to-license-connected-intelligence-platform-300692729.html
SOURCE
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News