Xtract.ai is a company that is revolutionizing the car insurance claims processing industry with its innovative use of artificial intelligence (AI) technology. By using AI to analyze car accident data and assess vehicle damage, Xtract.ai is streamlining the claims process and improving the accuracy of insurance payouts.
Traditionally, the claims process has been a time-consuming and often frustrating experience for both insurance companies and policyholders. After an accident, policyholders must provide detailed information about the incident, including photos of the damage and a written description of what happened. Insurance adjusters then review this information and make a determination about the amount of the payout.