MS&AD to use Tractable’s AI across Japan to accelerate recovery from auto accidents
The AI solutions, created by technology company Tractable, use computer vision to analyse photos of car damage - making sense of it as a human would, in near-real time.
MS&AD will deploy the AI across both of its subsidiaries,
These deployments signify wide-scale, mass adoption of AI across MS&AD's operations, and mean that vehicles will be returned to policyholders in
Tadashi Yamanaka,Staff GM,
As well as
In auto insurance claims, time is frequently lost scheduling visual appraisals of the damage, which may occur multiple times throughout the claim. By capturing images with AI and converting them into instant appraisals, Tractable's AI allows the insurer and repairer to move claims forward immediately, accelerating the process by as much as two weeks. For its adjusters, MS&AD believes the advance will save as much as 360,000 hours of time every year.
Tractable's AI has been trained on photos and human repair decisions across millions of historical accidents. Through experience, the AI has learned to understand damage to any passenger vehicle across
Tractable's AI has processed over
Notes for Editors:
*Source: https://www.statista.com/statistics/185758/leading-global-property-and-casualty-insurance-companies-by-revenue/
**https://fortune.com/global500/2019/
About Tractable:
Tractable develops artificial intelligence for accident and disaster recovery. Its AI solutions have been deployed by leading insurers across
About MS&AD
MS&AD is one of the world's leading insurance and financial groups, operating in 49 countries and regions around the world with its core property and casualty insurance business. Especially in
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SOURCE Tractable
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