EP 355: How AI is Transforming Auto Insurance and Road Safety

Send Everyday AI and Jordan a text messageWin a free year of ChatGPT or other prizes! Find out how.AI is rewriting the rules of the road and the auto insurance industry. What happens when AI steps in to predict accidents before they happen? Or when claims adjust themselves? Rohan Malhotra, Founder & CEO of Roadzen joins us to dive into the tech that’s flipping the industry on its head, and the impact it’s already having on road safety.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Jordan and Rohan questions on AI and autoUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: info@youreverydayai.comConnect with Jordan on LinkedInTopics Covered in This Episode:1. Accident Rates and Auto Insurance2. Auto Insurance Industry's Antiquated Processes3. AI and the Auto Industry4. Road Safety and AITimestamps:02:00 Daily AI news05:23 About Rohan and Roadzen09:16 Pandemic increased accidents, causing delayed insurance hikes.13:18 AI can optimize insurance rates and driving behavior.16:19 Challenges in modernizing auto insurance industry efficiency.17:55 AI transformation delayed by large companies' adoption processes.23:26 Reducing human error accidents with advanced car technology26:30 AI personalizes services via pattern recognition.29:28 Jivebody: computer vision tech for commercial fleets.30:39 AI innovations beyond LLMs, especially computer vision.Keywords:Accident Rates, Auto Insurance, Rate Adjustment, Auto Insurance Industry, Antiquated Processes, Underwriting, Claims, Process Inefficiencies, Technology Integration, AI, Computer Vision, Real-time Claims Processing, Driver Behavior Assessment, Road Safety Enhancements, Challenges to Modernization, Future Outlook, Fast Claims Processing, Innovation, Road Safety, Technology Adoption, Data Ownership, Consent, AI Personalization, AI-Assisted Accidents, Autonomous Vehicles, Commercial Fleets, Logistics Companies, AI in Auto Industry, Impacts and Innovations of AI.