Company Market Research Report: Claim Genius
Company Overview
Name
- Claim Genius
Mission of the Company
- Making touchless inspections a reality with AI-based solutions for the entire vehicle lifecycle.
Founded
- No information is available
Founders
- No information is available
Key People
- CEO: Raj Pofale
- 20+ years experience in fintech and software development, with previous roles at NASDAQ, Bank of America, Deutsche Bank.
- COO: Michael MacDonald
- 25+ years experience as an internet entrepreneur and fintech leader, co-founder of Weather Underground.
- CTO: Dr. Hemant Joshi
- 12+ years experience in data science, former head of data science for L'Oréal, PhD in computer science.
- CFO: Sanjiv Sahni
- 35+ years experience as CFO and corporate financial advisor.
Headquarters
- Edison, New Jersey, USA
Number of Employees
- No information is available
Revenue of the Company
- No information is available
What the Company is Known For
- AI-based vehicle inspection solutions that reduce inspection time & expenses, drive new efficiencies, and revolutionize business capabilities.
Products
GeniusINSPECT Suite
1. Claims
- High-Level Description: Solutions for repair/replace decisions, total loss prediction, part and labor pricing.
- Key Features:
- AI damage analysis platform.
- Repair/replace decision accuracy of 85%.
- Total loss prediction within minutes.
- Integration with global estimatics and data providers.
2. Underwriting
- High-Level Description: Solutions for part-level damage, fraud detection, policy recommendations.
- Key Features:
- Fraud detection.
- Policy recommendation.
- Severity analysis.
- Detailed condition reports.
GeniusAI Components
1. Engine
- High-Level Description: AI damage estimation engine with over 95% vehicle coverage.
- Key Features:
- Smart detection of non-visible parts.
- Wheel, mirror, misalignment, damage detection.
2. App
- High-Level Description: White-labeled app for image and video capture of damaged vehicles.
- Key Features:
- Guided mobile app to capture 360° photos & videos.
- Condition reporting.
3. Dashboard
- High-Level Description: Easy and intuitive dashboard for reviewing, adjusting, modifying, and approving estimates.
- Key Features:
- Comprehensive APIs for custom integration.
- Active feedback to improve AI accuracy.
4. API
- High-Level Description: Easy to integrate API within existing inspection systems.
- Key Features:
- Support for over 200 internal and external parts.
- Custom thresholds and position detection.
Recent Developments
New Partnerships
- Repairify Partnership (01 Nov 2023)
- Details: Partnership to integrate Claim Genius’s AI photo estimating with Repairify’s diagnostic scanning and AI-generated collision repair recommendations to improve efficiency and accuracy in the estimating and repair process.
- Mitchell Partnership for Estimate Automation (22 Sep 2022)
- Details: Integration with Mitchell’s advanced claims automation solution, supporting straight-through processing using Claim Genius's AI to accelerate claims processing and enhance policyholder satisfaction.
New Products and Features
- Genius360 Mobile App
- Recent Additions: Enhancements for guided capture of 360° photos and videos of vehicles for better damage assessment.
- Fraud Detection
- Features: Enhanced with automated vehicle photo validation before processing claims.
Key Hires
- Gurneesh Khurana (16 Oct 2023)
- Role: Director, APAC Operations
- Background: Former President & Country Head at Bajaj Allianz General Insurance, with significant experience in the auto industry and motor insurance.
Contact Information
- Phone: +1-732-546-3809
- Email: contactus@claimgenius.com
- Headquarters: Edison, New Jersey, USA
_All the information included in this report is based on the data provided and available sources as of the date of compilation._