Tractable

Tractable uses computer vision to assess vehicle and property damage from photos, helping insurers and car companies estimate repair costs and settle claims faster. Large insurers in Japan, Europe and North America use it in their claims processes.

After an accident, a policyholder or adjuster takes photos, and Tractable's models identify damaged parts, suggest whether to repair or replace them and produce an estimate. The same technology is used by car dealers and leasing firms to inspect vehicles at the end of a lease and by insurers for home damage after storms.

Tractable was founded in London and sells to insurers and automotive companies through enterprise agreements. Insurers say photo-based estimates let customers get claim decisions faster, sometimes within the same day, instead of waiting for an in-person inspection.