16 May 2019
How to Evaluate AI in 5 Minutes
On April 11th, we hosted a webinar titled “Distinguish Hype from Reality: How to Evaluate AI and Unlock Value in the Claims Process”. A first for any AI photo estimating solutions provider, we invited participants to submit photos and evaluate the results of its visual algorithms.
Below is a video highlighting some of the key messages from the webinar and the live demonstration. Hope you enjoy it!
Participants spanned 20 countries across North and South America, Europe, Asia, and Australasia, representing insurers, repairers, technology providers and investment firms.
The webinar had three key messages for the broader community:
- The accuracy of a photo estimating AI system is paramount in auto physical damage: at scale, inaccuracies can cost insurers several points of combined ratio
- Testing the accuracy of an AI photo system is easy: you need only upload a set of photos never seen by the AI and evaluate the results
- Tractable’s AI is trained on millions of auto damage images and repair decisions from opt-in customers and partners across the world