MFX and Claim Genius to provide collaborative AI Mobility solutions suits across Auto Insurance.
MFX, a leading P&C insurance industry digital transformation company and Claim Genius Inc., a highly sophisticated Artificial Intelligence (AI) & Image analytics startup, have joined forces to provide collaborative AI Mobility solutions suites across the automobile insurance services industry. The partnership will provide an integrated claim solution between the Claim Genius’s AI predictive image analytics product, which provides instant damage analysis and claim estimates, and MFX’s core integration, which streamlines claim workflows, improves cycle time, reduces associated processing costs and generates higher customer satisfaction.
The integrated workflow solution, slated for implementation January 2018 for MFX’s global clients across US, Canada & Asia-pacific, will drive efficiencies in productivity for the automobile insurance services community. Users who have the integrated MFX & Claim Genius’s platform will be able to use Claim Genius’s wheel able Mobile App to instantly estimate the cost of vehicle damage, utilizing the initial photographs of the accident vehicles, and then immediately have this claim information incorporated into the insurers claim management platform utilizing MFX’s core product Application Programmable Interface (API).
“MFX’s partnership with Claim Genius is another important step towards breaking down barriers and gaining efficiency in automobile insurance markets,” said Kalyan Sundaram Mahalingam, Chief Operating Officer & Country Head MFX India & Pramod Deshpande, VP Technology Solutions of MFX Services. “Claim Genius joins a growing community of business partners who, together with MFX, are bringing innovation to auto insurance companies and the recycling industry via a cloud based AI Image analytics mobile platform. This is about streamlining claim management workflow and reducing insurer claim cost up to 60% by providing access to a powerful integrated insurance technology ecosystem.”
“We are extremely excited about this opportunity to collaborate with MFX Services in this endeavor, because they are highly respected and recognized as an industry leader within the P&C arena.” said Raj Pofale, founder and CEO at Claim Genius.
The Claim Genius integration is the latest milestone for MFX’s mobility product suite’s open platform strategy.
MFX is the P&C insurance industry’s digital transformation partner that helps ensure future business continuity through the adoption of digital and cloud technologies which keep OPEX down, cash-flows predictable and makes the customer experience more meaningful.
Through the integration of disparate data streams, MFX is able to provide analytics regarding claim patterns and help create new products that map to the changing business climate. MFX’s robotics solutions for BPO, mobility solutions for anytime anywhere transactions as well as application integration services, have been developed with deep domain expertise in the P&C market. Today, MFX is one of the largest providers of integrated services through Paas, IaaS, ADM, BPO, Analytics and GRC.For more information please visit www.mfxservices.com
Claim Genius is an Artificial Intelligence(AI) technology startup company with a niche in image & predictive analytics. Claim Genius’s patent pending technology is bringing forth a new comprehensive automated approach for automobile insurers to handle and manage the automobile claims process.This comprehensive automated application facilitates the carrier receiving the 1st notice of loss, instant vehicle damage appraisal, instantly provides information to determine repair versus total loss, provides a predictive salvage value and effectively establishes an insurer early tow program. Claim Genius’s white labelled mobile app & image processing & deep machine learning technological innovation is designed to reduce cycle time, human intervention in the claims process, reduce claim operational costs; thus ultimately transforming the current claims handling process into a more efficient, time sensitive and customer friendly process. Claim Genius’s vision is to make the “Touchless Claims a Reality”
Claim Genius’s Image Analyzer APP is an insurance industry game changer. It helps reduce operational cost, simplifies the claim process and improves the claim experience for consumers, adjusters and recyclers. We are committed to leading the industry in creating innovative technology for insurance companies, the auto recycling industry and other business partners involved in the automobile insurance claims process For more information about Claim Genius please visit www.claimgenius.com