PartsTrader and Tractable have partnered together to integrate their products and accelerate the claims process, according to a press release.
PartsTrader, an auto parts procurement platform, will provide its data to Tractable to be used with its AI-powered Auto Reviewer solution: software that uses computer vision to assess vehicles.
With PartsTrader’s historical parts pricing data, Tractable’s Auto Reviewer will verify that the correct parts were used and properly sourced, as well as if the cost aligns with the state of pricing and availability at the time of the accident.
The two companies plan to work on additional product integrations together that will further assist with streamlining the claims process for both insurers and policyholders.
“Right now, every leading P&C insurer is eager to explore AI solutions that will drive more efficient operations across their entire claims business, and until our collaboration with PartsTrader, there hasn’t been a solution that could yield this level of critical, data-driven insight in AI claims review,” said Tractable SVP of Global Sales Lauren Caruso.
