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Liberty General Insurance Rolls out AI-Based Automated Car Inspections

Liberty General Insurance Rolls out AI-Based Automated Car Inspections
Friday, March 12, 2021 10:30AM IST (5:00AM GMT)

Mumbai, Maharashtra, India:
Liberty General Insurance has automated vehicle inspections for car insurance policy renewals and claim assessments using AI-based technology. This is expected to transform the car inspection process, which is currently dominated by manual inspections - a people intensive job leading to delays in the claims and policy issuance process.

Under the AI-based inspection process, for renewing
car insurance and/or for claim assessment customers will just have to capture the photos or videos of their car and upload them on the Liv Mobile App or on the link shared with them. These photos or videos are sent to the cloud and an automated inspection report, covering damage and claim assessment, gets generated within a few seconds. The automated proces ....

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The time is right: take action and do more for D&I, say iCAN co-chairs

The time is right: take action and do more for D&I, say iCAN co-chairs
14-03-2021
22-03-2021
Significant events in the diversity and inclusion space, such as the death of George Floyd in the US, created shock waves that made many companies sit up and realise more needs to be done about race equality, say Ajay Mistry and Kishan Mangat, co-chairs of the Insurance Cultural Awareness Network, in their foreword to Intelligent Insurer s Diversity and Inclusion Report 2021.
We don’t need to say it, but it is worth acknowledging one more time: 2020 was quite a year. This time last year we didn’t know what was heading our way, and weren’t prepared for what was to come. But what a difference a year makes. ....

George Floyd , Insurance Cultural Awareness Network , D Amp I , Co Chairs , Ajay Mistry , Kishan Mangat , ஜார்ஜ் ஃப்லாய்ட் , காப்பீடு கலாச்சார விழிப்புணர்வு வலைப்பின்னல் , ட ஆம்ப் நான் , இணை நாற்காலிகள் , அஜய மிஸ்ட்ரி , கிஷன் மங்காட் ,

Insurers may soon be able to launch covers without regulator nod

Irdai wants to move to a ‘use and file’ system where insurers can market products without first obtaining an approval from the regulator, said Chairman Subhash Chandra Khuntia.
This is in contrast to the current ‘file and use’ system where if an insurer wishes to introduce a new product, it has to file an application with the Insurance Regulatory and Development Authority of India (Irdai) and can sell the product only after getting all the regulatory approvals.
“We have already started this in some of the segments and we would like to go further. Unfortunately, this experiment which we tried sometime back, we found that some of the ‘use and file’ products did not live up to the regulatory requirement,” he said at the Virtual Actuarial Conclave 2021. ....

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APRA puts insurers on notice on premium rises

The prudential regulator has warned that “the viability of life insurance through superannuation may be at risk” in a damning letter to life insurers and super licensees instructing them to “add ....

Sarah Kendell , சாரா கெண்டெல்ல் ,

Vidal Health Insurance buys Vipul MedCorp TPA for an undisclosed amount

Read more about Vidal Health Insurance buys Vipul MedCorp TPA for an undisclosed amount on Business Standard. In general, these administrators are independent, but can also act as an entity belonging to the insurers ....

Vidal Health , Vidal Health Insurance , Vipul Medcorp Insurance , Medi Assist Insurance , Vipul Medcorp Tpa , Insurance Industry , விடல் ஆரோக்கியம் , விடல் ஆரோக்கியம் காப்பீடு , வீப்புள் மேட்கொர்ப் காப்பீடு , மேதி உதவு காப்பீடு , வீப்புள் மேட்கொர்ப் தபப , காப்பீடு தொழில் ,