ICICI Lombard Launches AI Solution for Auto Insurance Renewal

ICICI Lombard has launched an Artificial Intelligence (AI) based solution to facilitate instant renewals of expired or lapsed motor insurance policies. The tech-based feature will allow the user to capture images of his/her car (the insurance for which has expired) and upload it using ICICI Lombard’s ‘insure’ mobile app. Each image will then be analyzed by the cloud-hosted AI module to detect the presence of any damage, post which the break-in policy proposal will be either accepted or recommended for verification.

We are proud to announce our collaboration with Microsoft to launch India’s first image-based motor inspection feature that uses AI technology for instant renewal of expired or lapsed policies! Read more: https://t.co/td2gWWZnxd pic.twitter.com/09sd62iulk

— ICICI Lombard GIC (@ICICILombard) December 20, 2018

In collaboration with Microsoft, ICICI Lombard has developed this AI-based solution using various offerings on the Microsoft Azure platform such as GPU-enabled Data Science Virtual Machines, Azure Container Services as well as open source technologies such as Docker and Tensor Flow.