SRC partners with Click-Ins for AI vehicle inspections

- Click-Ins' technology creates a unique digital "DamagePrint™" for each instance of vehicle damage, allowing for precise tracking and comparison that can help identify fraudulent claims. This is accomplished through a hybrid AI approach that combines photogrammetry, 3D modeling, and other visual intelligence principles. The AI models are pre-trained on high-quality synthetic data, which allows for immediate deployment without the need for customer data. - Traditional vehicle inspections are often manual, time-consuming, and can be subjective, leading to inconsistencies. In contrast, AI-powered inspections can analyze a vehicle in minutes, reduce inspection costs, and increase accuracy by removing human error and bias. - The market for AI in insurance claims processing is projected to grow significantly, indicating a strong industry trend towards automation. Key competitors in this space include Tractable, which is used by major insurers like GEICO, and Ravin AI. - For an insurer's Special Investigations Unit (SIU), this technology can help prioritize high-risk claims by automatically flagging suspicious patterns. This allows investigators to focus on complex cases rather than manual data triage. The use of AI in fraud detection is becoming increasingly crucial as fraudsters themselves leverage technologies like deepfakes and synthetic identities. - The Click-Ins system is designed to be user-friendly, allowing policyholders or field agents to capture images with a mobile app that guides them through the process. The technology is hardware-agnostic, meaning it can work with any digital camera and does not require specialized equipment. - Beyond damage detection, the AI can recognize all car parts on any model, even new ones, and measure the precise size and severity of the damage. This detailed data can be used to generate instant and comprehensive inspection reports. - SRC (Surety Resource Connection) provides a range of services in the insurance sector, including risk management analytics and connecting stakeholders with capital and financial markets. Their focus is on leveraging data to improve underwriting and claims response. - This partnership follows other collaborations for Click-Ins, including with Draiver for on-demand vehicle movement services and Insurtech Fuel to create a more autonomous claims experience. These partnerships highlight a strategy of integrating their AI inspection technology into various points of the automotive and insurance ecosystems.