Claims.AI develops an AI-powered estimating platform that enables insurance adjusters and restoration professionals to generate preliminary cost estimates for property damage 10 times faster by utilizing a proprietary large language model trained on industry standards and building codes. This technology addresses the inefficiencies in the claims process, allowing for quicker decision-making and collaboration on claims management.
Funding
Funding not disclosed
Founders
Product
Problem
Generating accurate and timely cost estimates for property damage claims is a slow, manual process, often requiring hours or days to complete. This delay hinders quick decision-making, prolongs claim resolution, and increases costs for both insurance adjusters and restoration professionals.
Solution
Claims.AI offers an AI-powered estimating platform that accelerates the creation of preliminary cost estimates for property damage. By leveraging a proprietary large language model (LLM) trained on industry standards, building codes, and a blend of public and proprietary data, the platform enables users to generate estimates up to 10 times faster than traditional methods. Users input project details and scope of services, and the AI generates a predicted cost estimate, facilitating quicker collaboration and claims management. The platform is designed as a co-pilot for claims management, providing guidance and research capabilities related to property damage.
Target Audience
The primary users are insurance adjusters, restoration companies, property managers, and homeowners involved in property damage claims.
Features
- AI-powered preliminary estimates generated using a proprietary LLM (ARIA
- AI-restoration and insurance assistant)
- LLM trained on water damage mitigation, mold remediation, fire/smoke cleanup, contents storage and cleaning, building codes in all 50 states, and public government data
- Supports estimates for water damage mitigation, mold remediation, contents storage and cleaning, fire/smoke cleanup, asbestos, and similar property cleanup services
- Generates breakdowns per room and service, including square footage
- Retrieval augmented generation blends public knowledge with proprietary data, pictures, files, and situational training