Geico to Use Artificial Intelligence to Speed Up Car Repairs
Geico, the nation's second-biggest auto insurer, will try to speed up vehicle repairs for its policyholders by running photographs of damaged vehicles through artificial-intelligence software. Berkshire Hathaway Inc. -owned Geico will offer the quick-estimate process in partnership with Tractable Ltd., said Alex Dalyac, chief executive and founder of the London-based technology firm. Tractable is among a number of specialists trying to help car insurers use artificial intelligence and other techniques to eliminate time-consuming hassles when customers file accident claims. Financial terms of the partnership weren't disclosed. Todd Combs, Geico's chief executive, said in a written statement that Tractable's technology is a way to obtain accurate estimates for policyholders and get drivers back on the road faster.
May-25-2021, 12:00:00 GMT