India is one of the world’s largest and fastest-growing auto insurance markets – but until now, the sector has had to rely on traditional ways to renew lapsed policies or make repair claims. Both services have required inspectors to physically look over vehicles and make damage assessments. In a country with more than 230 million vehicles and 1200 auto accidents every day, scheduling inspections and getting approvals can keep cars and policyholders off the road for days or longer. A more convenient way was needed.
Celebal’s Motor Claim Solution allows customers to buy or renew policies anytime, anywhere. Artificial intelligence (AI) , Machine learning (ML), and a combination of extensive algorithms helps to identify the car images into frames and identify the various parts of the car to look for damage. In most cases the AI module can make a judgement very quickly, reducing the time from days to mere minutes.