AI Use cases for the Insurance Industry
- Vehicle damage assessment
- Fraud Detection
- Claims management to ease the process
Vehicle damage assessment
- Severity of damage
- Which parts are damaged
- Does it require repair or replacement
- Estimating the cost of repair or replacement
Leasons learnt while Building a Damage assessment system
- Finding a proper data set
- Privacy concerns
- Optimizing performance and cost
- If possible building 3D models and using them to train classifiers to achieve higher precision
Process