CG

Claim Genius

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._