Insurtechs Ravin and Plnar have united to provide insurers an inspection tool for home and motor claims assessments.

Ravin offers artificial intelligence solutions for vehicle checks, while Plnar offers 3D models for property estimates and subrogation works. They say the joint offering will help insurers cut cycle times by 50%, reduce costs and increase customer satisfaction.  

Plnar CEO Andy Greff says the partnership is “such a natural fit for each of us, extending both of our traditional lines of business”.

Ravin’s technology was built from scans of more than 2 billion vehicle images and is used by insurers, carmakers including Toyota and rental companies in the US and Europe. It combines camera footage with algorithms to provide a 360-degree analysis of a vehicle’s exterior condition.

US-based Plnar creates 3D renderings of home interiors so property damage can be documented via a smartphone, enabling virtual self-serve claims.  

Ravin and Plnar’s investors include IAG. Scott Gunther – IAG Firemark Ventures’ general partner – has said the Plnar technology could streamline claims assessments.

“In less than two minutes per room, customers and our assessors can capture all the insights they need to determine what’s required to repair the damage,” he said.