In this episode of the Reinventing Finance Podcast, Nikolaus Sühr talks with Eliron Ekstein, Co-Founder & CEO of Ravin.AI, a tech start-up transforming the automotive industry with fully autonomous, over-the-air vehicle inspections using everyday cameras and AI.
In the conversation with Nick, Eliron shares insights about:
📍 Which macroeconomic factors are driving up repair costs and affecting the insurance industry
📍 How applying triage at the point of FNOL can significantly lower overhead costs
📍 How Ravin uses computer vision and deep learning to enhance transparency and cut inflated repair costs for insurers, fleet managers, and car rental companies
📍 What makes Ravin’s technology adaptable for global markets and quick deployment in new regions
📍 How Ravin achieves over 80% accuracy in pilot programs and improves with insurer collaboration
📍 How Ravin manages fleet and rental car damages while addressing inspection and damage assessment challenges 📍 How Ravin’s technology reduces fraud and minimises disputes
📍 Why tech adoption and automation have been slow in motor repair and insurance, and how Ravin provides effective solutions
📍 How Ravin’s B2B model speeds up claims processing and reduces overhead for insurers, car rental companies, and fleet managers
📍 How Ravin overcomes data quality issues most insurers have with their industry-specific repair data
📍 What role AI plays in detecting fraud, predicting damage, and optimizing repairs with Ravin’s technology
📍 How Ravin’s solutions can streamline logistics and cut body shop costs, creating a first positive impact for insurers within 90 days
Check out the episode to learn more!
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https://www.ravin.ai