HDFC ERGO General Insurance Company, a 51:49 joint venture between the Housing Development Finance Corporation (HDFC) and ERGO International AG, has launched the AI tool IDEAS (Intelligent Damage detection Estimation and Assessment Solution) for motor claim settlements. The IDEAS module uses Neural Network image processing & Analytics, Machine Learning and Natural Language that supports instant damage detection as well as calculation of the claims estimate for the surveyors to help in motor claims settlement in real-time. This launch along with the digital inspection for the Company comes as an advantage for the surveyors, partner workshops as well as the customers amidst the ongoing pandemic.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
