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Sygma: AI to assess motor vehicle damage using photos

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Magazine Issue: 
Reinsurance and resilience [3]
Magazine date: 
Nov 2023

AI to assess motor vehicle damage using photosSygma, a Moroccan start-up, is developing a solution that can assess motor vehicle damage and repair costs based on a photo. This solution, which reduces the adjustment time, will be integrated into Wafa Assurance's "My Wafa" application in 2024.

The accuracy rate of this AI-based program is currently 85%. Sygma is aiming to achieve an efficiency rate of 95% during the first quarter of 2024.

The start-up is currently negotiating a 5 million MAD (483 000 USD) fundraising round with three funds, including Positif Invest.

Read also | New technologies and insurance [4]

Thu, 09/11/2023 - 14:08

Source URL: https://www.atlas-mag.net/en/category/pays/maroc/sygma-ai-to-assess-motor-vehicle-damage-using-photos

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