Browsing: Eliron Ekstein

KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces a strategic investment and North American commercial partnership with Ravin AI. Ravin is an international provider of automated, mobile and CCTV-based artificial intelligence solutions for vehicle inspections serving diverse fleet, insurance and remarketing customers around the world. The partnership enhances KAR’s data-driven digital capabilities and will enable the seamless flow of inspection information, data and images throughout the entire remarketing lifecycle for the company’s customers. “Advanced, integrated inspection capabilities are core to our customers’ success in the new digital age,” said Peter Kelly, president of KAR…

Q&A with Eliron Ekstein, Co-Founder & CEO at Ravin What does Ravin do? Ekstein: Ravin’s artificial intelligence inspects vehicle condition to enable faster motor claim processing. Shortly after the incident, any user (including the claimant) can scan their vehicle using their mobile phone and receive a full 360-degree documentation of the vehicle’s condition, triaging of the claim to ‘light repair’ or more complex one, and breakdown of damages. How do you see the regular Claim experience for the insured? Ekstein: Despite attempts to digitize the claim submission, the process typically turns manual with phone calls and human estimations. Not…