URG Announces Strategic Partnership with Claim Genius
Goal to Transform Recycler Workflows Using AI Technology
ISELIN, NJ – November 13, 2018
Claim Genius, a global leader in artificial intelligence-based auto claims solutions, and United Recyclers Group, the largest association of progressive auto recyclers in North America, today announced a strategic partnership to drive the development of new AI tools and technology for the global recycling industry. Through their partnership, Claim Genius and URG will jointly work toward the development of new AI-based products that help recyclers instantly and accurately assess salvage vehicles, and evaluate the quality of reusable parts, greatly enhancing the auction bidding and decision-making process. The technology promises to bring new efficiencies to recycler workflows, helping firms achieve faster throughput, reduce administrative costs, and increase profitability.
“We are extremely excited about our partnership with Claim Genius and joint goal to map out the next generation of auto recycler tools and technologies,” said Don Porter, CEO of United Recyclers Group. “It’s clear that AI has enormous potential to improve recycler capabilities and efficiency, so we are eager to provide our feedback and guidance to Claim Genius to aid in the development of new products for our members and for the industry as a whole.”
“Although most of our AI focus to-date has been in the insurance claims space,” said Raj Pofale, CEO and founder of Claim Genius, “we’ve long seen the opportunity of extending our vehicle assessment and estimation technology into the salvage and recycling industries. We see a great opportunity to leverage AI to help recyclers do business better, and we are honored to work with URG and its incredible members to make this vision a reality.”
Among the first products that Claim Genius and URG will work on is a service called GeniusRECYCLE, which will provide recyclers with the ability to instantly appraise vehicle damage, scrap values, and catalogue sellable recycled parts via a mobile app integrated with Claim Genius’s patent pending AI technology. By simply uploading photos of a vehicle from Claim Genius’s mobile app, recyclers will receive instant feedback eliminating the need for hands-on inspection and dramatically improving the accuracy of salvage bids. GeniusRECYCLE is expected to be available in the second half of 2019.
About United Recyclers Group
With over 475 members representing in excess of 675 automotive recycling locations in the US and Canada, URG provides unparalleled products and services tailored to the ever-changing business needs of the automotive recycler. URG focus is on helping recyclers create operational efficiencies while improving data security and integrity. Through innovative programs, software applications and an annual educational conference, URG helps recyclers streamline their operation and improve their bottom line. For more information, visit https://www.u-r-g.com
About Claim Genus
Based in Iselin, New Jersey, USA, Claim Genius, Inc is a rapidly emerging leader of AI-based claims solutions for the auto insurance industry. Using Claim Genius’s patent-pending image analysis and predictive analytics tools, carriers can now provide instant damage estimates and rapid processing of claims based on uploaded accident photos from our easy to use mobile app. Claim Genius aims to reduce claims processing time, increase carrier profitability, and revolutionize the claims experience for insurance customers worldwide. Claim Genius Makes Touchless Claims A Reality.