POL I CY The Israeli Insurance, Pension & Finance Newspaper 28 Special edition 2022 From the Model T to Tesla the auto claims process hasn’t changed for the past 100 years. It’s time for revolutionary change by gaining full control and driving immediate resolutions. This is where auto3p comes in - bringing a muchneeded revolution with AI-driven claim management! To date, insurance companies store hundreds of millions of claims files in many archives deployed around the world without being able to study or draw conclusions in order to bring about future benefit by using these materials. For the first time, Auto3P brings a solution that will rely on all the data accumulated and will provide the ability to assess accident damages immediately and accurately. Using a low-cost fully autonomous sensingunit, affixed to thewindshield of the vehicle (or in receiving direct data from the vehicle manufacturer) the physical forces applied at the time of an accident are measured - the location and the intensity of the impact. Together with the catalog information of all models it is possible to create an “Identity Card” for each and every accident. It is in fact a process that uses “mass wisdom” - a collection of tested and verified damage estimates with IDs that are compared and matched the actual accident to the event that preceded it and has the same accidental “ID”. An immediate autonomous evaluation of the damage in the event of an accident will significantly contribute to the way the insurance companies manage their claims – by connecting instantly car data to the claim process, original car manufacturer catalog data with five million items and 64 brands, and historical data from a database of dozens of millions of claims. This AI-driven information enables immediate autonomous damage evaluation prior to claim handling. This is the first system ever that can show you the repair costs within seconds of the accident! This system knows how to align all stakeholder ,deliver fully autonomous FNOL and estimates, and enable one-click approvals, combined with artificial intelligence. The Auto3P offering delivers an allin-one solution for operational efficiency, increased revenues, improved fraud prevention, and enhanced customer experiences. With this powerful combination, minor cases at 40% of all claims are settled completely automatically, and payments are made immediately. And the rest – are fully controlled with extensive automations. Operational efficiency improves by up to 15%. Time to resolution accelerates from 30 days to just minutes. Fraud decreases by up to 30%. And the customer experience is stellar! And this is how Auto3P empowers insurers to capture a whole new world of opportunity. A dream that becomes reality. AI and automationdriven operations for auto insurance claims management - A Revolutionary Vision By Uri Maimon – CEO and founder of MRM and Auto3P Europe AG
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