symplfy is a AI-assisted claims solution for the motor insurance business What specifically do we do?
We simplify the assessment and approval of the claims
Key Pain points in the claims ecosystem today.
Repair estimate at workshops (time to estimate, accuracy of estimate)
Approvals of estimate ( time to approve, negotiations, variations across assessors, not auditable)
Used Spare parts availability and pricing (time to estimate, transparency in pricing, availability and resource planning)
These are the three problem areas that symplfy solves.
How symplfy works?
Workshop assessor uploads images of the damage and the repair estimate on the platform
symplfy.Ai platform assesses the severity of the damage, makes the repair or replace decsion
symplfy.Ai platform access relevant standardized repair costs and sources parts costs from the parts marketplace
Insurance assessors are able to decide and approve claims on the basis of the AI recommendations
symplfy.Ai Business Impact for Insurers
Improve productivity & reduce costs
Improve the assessors productivity by over 3 times
Improve accuracy of repair estimates
minimum savings of about 15% in the repair value estimates from workshops
Reduce delays and expedite claims approvals
Estimated to improve turnaround times across the entire claim ecosystem by about 10 times.
Improves transparency & ensures robust audit and governance
Documents & workflow related to the claim to be digitized and in one platform