WIMWIsure

Insurance in India still depends on a lot of paper and in-person checks. This Ahmedabad-registered company builds artificial intelligence tools meant to replace those manual steps with real-time, do-it-yourself ones, and its customers are general insurers and the firms that serve them.

An insurance platform built on computer vision

The company describes an integrated platform that uses computer vision and data analytics to support sales, distribution and service delivery for insurers. Its current products are aimed at motor insurance. They assess risk and losses as information arrives, using automation and machine learning to validate details from vehicle inspections, repairs, vehicle databases and claim settlements. The stated goal is faster policy issuance and smoother service after the sale.

The products

Four tools make up the line:

• Quote-Sure produces an insurance quote on request, to the customer's own requirements.
• I-Sure is an on-demand vehicle inspection service, done by the customer on a phone so nobody has to travel to the vehicle.
• Claim-Sure takes claims through automation and makes them simpler to manage.
• IDV-Sure is a calculator for a vehicle's insured declared value.

Remote inspection during the pandemic

Press coverage cited on the site says the market shifted to remote checks and inspections as a service once physical inspections were no longer practical. The company reported roughly two lakh remote inspections in one financial year, from a total of more than three and a half lakh, with strong demand in smaller cities and for mid-range SUVs, sedans and hatchbacks. It also describes an API-enabled inspection-as-a-service model, described on the site as a way to evaluate risk and losses through automation and machine learning.

Beyond insurance

During the second wave of COVID-19 the company launched a messaging bot on WhatsApp that sends alerts when vaccination slots open, and the coverage also mentions a version for plasma donors. These were sideline projects, but they used the same approach as its insurance work: apply automation to a queue people were otherwise checking by hand.

WIMWIsure is an Ahmedabad-registered technology company that applies artificial intelligence to insurance. Its aim is to replace paper-heavy, manual steps with quick self-service checks, and its main customers are general insurers and their service providers.

Services

• Quote-Sure: generates insurance quotes on request.
• I-Sure: remote vehicle inspection, where the customer uses a phone instead of a physical visit.
• Claim-Sure: automates claims and simplifies handling them.
• IDV-Sure: a calculator for the insured declared value of a vehicle.

Who it works with

Motor insurers in India and the firms that serve them. The platform uses computer vision and data analytics to check inspection, repair and claim information as it comes in. Press coverage describes strong demand for remote inspections in smaller Indian cities during the pandemic. It also launched a WhatsApp bot that alerts people to open vaccination slots.

Key facts

• Based in: Ahmedabad, India
• Technology: computer vision, machine learning and automation
• Focus: motor insurance