MFX and Claim Genius to provide collaborative AI Mobility solutions suits across Auto Insurance
This new collaboration will see integration of Claim Genius’s AI and MFX’s core platform integration that can drastically streamline the automotive claims process.
BRIDGEWATER, N.J., Jan. 23, 2018 /PRNewswire/ — 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 integration, slated to be available from this Jan-2018 for MFX’s Asia-Pacific clients, will drive productivity across the automobile insurance services community through an integrated workflow solution. Users who have both MFX & Claim Genius’s platform will be able to use Claim Genius’s wheelable Mobile App to instantly estimate the claims based on the pictures of the accidental vehicles and will be able to integrate with the claim management platform using MFX’s core product API.
“MFX’s partnership with Claim Genius is another important step towards breaking down barriers to efficiency in automobile insurance markets,” said Kalyan Sundaram Mahalingam, Chief Operating Officer & Country Head MFX India & Pramod Deshpande, VP Insurance and Digital Solutions of MFX Services. “Claim Genius joins a growing community of partners who, together with MFX, are bringing innovation to the auto insurance & recycling industry community via our disruptive cloud based AI Image analytics mobile platform, This is about streamlining claim management workflow & enabling customers over 60% cost savings by providing access to a powerful and integrated insurance technology ecosystem.”
“We are thrilled to partner with MFX Services as a highly respected market leader within the P&C industry,” said Raj Pofale, founder and CEO at Claim Genius. The Claim Genius integration is the latest milestone for MFX’s mobility product suit’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 to keep OPEX down, cash-flows predictable and making the customer experience more meaningful.
Through the integration of disparate data streams, MFX is able to provide intelligence about claims patterns, 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 are one of the largest providers of integrated services through Paas, IaaS, ADM, BPO, Analytics and GRC. For more information please visit http://www.mfxservices.com/.
About Claim Genius
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.”
SOURCE MFX Services