Insurance technology news from Adaptrack, LKQ, BMS Re and more. (Credit: everything possible/Shutterstock)
Adaptrack partnered with AMS Management Group and its insurance offerings through AMS RRG. Powered by Adaptrack's plug-n-play innovative InsurTech capabilities, the agreement enables customized, pro-clinician risk management solutions, which will be immediately available to more than 3,000 AMS RRG members. The members will receive Adaptrack's differentiated risk management solutions while attaining a premium discount off their medical liability coverage. Adaptrack helps clinicians avoid costly risks through AI-powered personalized nudges.
LKQ North America selected Tractable's Artificial Intelligence to accelerate and optimize the recycling of the salvage vehicles the Company procures across their North America segment. The AI uses computer vision to assess the specific damage on each vehicle and determine which parts can be recycled and reused. Tractable's AI has been trained on millions of historical examples and performs on par with human intelligence, increasing the level of consistency and accuracy.
BMS Re selected Relay Platform's reinsurance solution " F1" by BMS Re in the U.S. as its electronic placement system to support its fast-growing facultative arm. Relay facilitates and integrates quotes from all reinsurers whether through email or API instant quoting, while significantly reducing the time it takes to market a reinsurance placement and update clients.
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