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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM33450
Volume:
8 |
5 |
May 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
There is a paradigm shift in the automotive industry with the advancement of technology, especially in the area of insurance claims handling. In this study, we propose a new method for predicting insurance claims based on car damage levels, utilizing advanced artificial intelligence algorithms for image analysis, particularly employing Convolutional Neural Networks (CNN) for image processing and classification. Our strategy is to provide car damage estimates through picture analysis, making insurance claims in the automobile sector simpler. In order to facilitate user interaction with Flask and increase the predictability of our models, we have also implemented enhancements to the user interface. By combining image analysis with a user-friendly interface, our method offers a practical solution for insurance companies to expedite claim processing, reduce fraudulent activities, and ensure fair settlements for policyholders. This research contributes to the ongoing transformation of insurance claim processing within the automotive industry, highlighting the potential of merging image analysis methodologies with user interfaces for enhanced efficiency and usability.
KEYWORDS
Publication Date
12/31/45420
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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