Smart Prompt Settlement uses image damage assessment, automatic pricing and smart risk management technology to complete the inspection and damage assessment of vehicles efficiently. This technology can shorten the time of claim settlement on auto insurance from the industry average level of 2 to 3 days to 2 hours, and significantly reduce management risk caused by manual operation. It is the only AI loss assessment and risk management product truly applied in the domestic auto insurance market. Once the product is promoted throughout the industry, it is expected that problems such as disputes resulting from low efficiency, high claim leakage risk will be addressed and that over RMB 20 billion will be saved from claim leakage in the auto insurance sector and settlement operation efficiency improving over 40%.open platform
Industry pain points easily resolved
Over RMB 20 billion saved from claim leakage
Over 40% efficiency rate increase for cases under RMB 10,000
Country-wide Data Collection
Automatic Writeback Of Production Data
The system recognizes all passenger vehicle models and outer parts, and has 23 damage levels. Its smart recognition accuracy is as high as over 90%.
Price for repairing can be determined in seconds after single button to upload the photos.
The system has a price system covering the entire country and permeating to counties and cities for auto parts and hourly rates of human labor, therefore can achieve the accurate prices for damages.
The system carries a risk factor database covering stages from insurance purchase to claim settlement and has developed over 30,000 digital claim settlement risk prevention rules to effectively lower the costs.