Tractable focuses on applying artificial intelligence to automate automotive insurance processes, especially motor claims. Its product rapidly and accurately reviews repair estimates to help insurers settle claims faster and keep customers on the road. The technology digitizes and automates the entire claims workflow, enabling end-to-end automation that can reduce operational costs and the share of total-loss claims. Tractable differentiates itself by combining data and AI development to deliver scalable automation in partnership with insurers and automotive industry players, including large partners like GEICO. The company aims to improve claim speed, accuracy, and customer experience while driving efficiency for its partners and expanding its collaborations across the industry.
Company Size
51-200
Company Stage
Series E
Total Funding
$180M
Headquarters
London, United Kingdom
Founded
2014
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