Raj Pofale, Founder & CEO, Claim Genius
- June 7, 2021
- Posted by: Lia Stubbings
- Category: Uncategorised
Raj possesses over 22+ years’ experience in FinTech industry as a technology leader. Prior to founding Claim Genius, he has worked with many Wall Street Financial enterprises. Entrepreneur by nature, Raj got inspired with the disruptive & innovative idea of automating Automobile Claim Assessment and founded Claim Genius in 2018. Automotive insurance industry lacks technological innovation for years now which is resulting into billions of dollars in spending for damaged vehicle assessment and claims settlement.
Based in Iselin, New Jersey, with development centers in Nagpur and Hyderabad, Claim Genius, Inc. is a rapidly emerging leader of AI-based claims solutions for the auto insurance industry. Its patent-pending AI technology provides the industry’s fastest and most accurate damage estimates, using the latest high-performance cloud frameworks. Their unique and powerful Computer Vision AI stack uses sophisticated object detection and image analysis algorithms to instantly identify vehicle damage, position, severity, and lists of damaged parts, including hidden damage deep inside the vehicle. This technology is critical to allowing the company to make decisions right away and get their customer back to pre-loss condition as quickly as possible. Compared to traditional methods of inspections, its technology can save customers both time and money. Today Claim Genius’s product suit is live in 3 different geographies serving multiple customers in insurance & automotive space. Claim Genius have 10+ global partnerships with MNCs like HCL, Ernst & Young, Genpact, Cognizant, Tala & others.