Insurtech Tractable points its computer vision at the Polish market

By Oliver Smith on Thursday 26 November 2020

Savings and Investment

Poland's largest insurer PZU to streamline its car insurance approvals with Tractable's AI.

Insurtech Tractable points its computer vision at the Polish market
Image source: Michael Jin on Unsplash.

Imagine having a car insurance claim verified in minutes, not months. 

That’s the tangible reality of Tractable, an insurtech provider whose AI can inspect car damage photos for insurers and either flag or help approve payouts without a lengthy human inspection.

Tractable today signed up Poland's largest insurer to its system to streamline all of its motor claims, 20 per cent of which would previously have required inspection post-repair.

The new system means PZU can now inspect repairs done by body shops to its customers' vehicles instantly and remotely, with the body shops just uploading photos of the repairs.

PZU has been quietly using Tractable’s tech since 2018 to handle over 150,000 claims, before formally announcing the partnership today.

“It’s been incredible to see how PZU, one of the most respected companies in Poland, has deployed our cutting-edge solution on a large scale,” said Tractable’s co-founder and president Adrien Cohen.

“This proves PZU’s dedication to innovation and placing it amongst the most advanced insurers in the world. Our solution gives PZU control over 100 per cent of its repairs and claims, all in real time, thanks to the speed and reach of AI.”

To-date Tractable’s tech has now processed over $1bn in auto claims across the insurers it works with, including Ageas UK and Covéa in France, assessing damage, recommending repaid operations and getting instant decisions and faster payouts for customers.

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