Raj Pofale

AI Adoption by the insurance industry is still in the infancy stage, and there is skepticism and perception about the technology. The utilization of AI will undoubtedly bring huge efficiencies and cost savings and reduce cycle times. Still, the right level of education and expectation management must be done by the leaders like us.

Biography:

Raj is the founder & CEO of Claim Genius, a rapidly emerging leader in 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. Claim Genius’s 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. Today Claim Genius is working with over 15+ global insurers on four continents.

Raj possesses over 22+ years of experience in the FinTech industry, working for many wall street financial firms as a technology leader. Throughout his career, Raj has built many scalable enterprise-level platforms with diverse technology stacks. Before founding Claim Genius, he was the Head Of Technology for one of the business units at Nasdaq. As an entrepreneur, Raj was inspired by the disruptive & innovative idea of automating Automobile Claim Assessment and founded Claim Genius in 2018. The automotive insurance industry has lacked technological innovation for years, resulting in billions of dollars spent on damaged vehicle assessment and claims settlement. 

Address:New Jersey, United States