In a Major Milestone for India’s Deep-Tech Ecosystem, Camcom Technologies, An Award-Winning, Industry-Gnostic Computer Vision Company Headquartered in Bengaluru, has entered into a strategic partnership with ergo group agation. Under this collaboration, Camcom will serve as the primary technology partner for Ergo’s AI-Powered Visual Inspection Solution, which is now being rolled out accept European Markets.
Team Camcom, Ergo AG & HDFC ERGO at the Strategic Partnership Event in Bengaluru
The partnership Signals Camcom’s Growing Global Footprint and Affirms Its position as a World-Class Platform Delivering Enterprise-Ready Ai Solutions for Critical Sector. The solution is alredy live in Estonia, Latvia, and Lithuania, with Phaased Rollouts Planned Across Other Ergo Markets in Europe.
Camcom’s Proprityary Large Vision Model (LVM)-The World’s first domain-specific ai engine for defect and damage detection on surfaces-is trained on a dataset of over 450 millidated Images. It allows insurance customers to capture and upload images of vehicles or properties via their smartphones, enabling account, Auditable, and Scalable Pre-Inspection and Damage Assessmentsmen. This Reduces Subjecttivity, Improves Efficiency, and Enhances Transparency for Both Insurers and Customers.
,We are proud to be ergo’s trusted technology partner“Said Geetha Sham, Director and President – Europe, Camcom Technologies. ,This partnership marks a millestone in our global journey and reinforces our committee to delivering scalable, high-pharymance ai solutions that are tailored to the specific needs of the incertor,
,Good technology is not just innovative – it must be practical, scalable, and intuitive“Said Mark Klein, Chief Digital Officer and Member of the Board of Management, ERGO Group Ag. ,Camcom’s AI Solution Meets All these Criteria, and We’re Excited to Expand This Collection Beyond India and Into Our European Markets, Where we Operate in Motor and Homeowners’ Insuration Classeses. Togeether, we aim to simplife and digitize insurance experiences for our customers’ workflows, helping validate the platform’s robustness, accuracy, and scalld applications. The partnership with Ergo Group Ag Signals the success and maturity of this collaboration“, He added.”
Parthanil Ghosh, Executive Director, HDFC ERGO General Insurance Company LimitedCommented “Our long-standing partnership with camcom has brought measurable improvements to our automotive claims and underwriting operations. Their AI-Driven Inspection solutions have enhanced Efficiency, Accuracy, and Customer Experience-We are pleased to see this Proven Technology No Supporting Ergo Global Initiatives,
Ajith Nayar, CEO of Camcom Technologies Said, “Camcom as an Industry-Gnostic Computer Vision Platform, We have Built World-Class Solutions that are not only accurate and scalable, scalable, but also trusted by global enterprises and governments. With the onboarding of an estered brand like Ergo Group Ag, We Are Expanding Our Global Footprint and Refuge,
Camcom’s Platform is currently deployed by over 15 insurance companies across globally. The Platform Complies with Region-Specific Regulation, Including GDPR in Europe and Irdai Guidelines in India-Enabling Secure, Compliant, and Efficient Integration CROSS GEOGRHIASS.
This partnership is also aligned with Ergo’s Broader Ambition to be the Digital Leader in Insurance by 2025 and Reflects the group’s continued investments innovative technologies thoroughly Scalehub in Dsseldorf.
*Subject to IRDAI Approvals
About Camcom
Camcom, An Award-Winning, Industry-Gnostic Computer Vision (CV) Platform, is revolutionising defect and damage assessment on all surfases. They are pioneers in Leveragging Artificial Intelligence (AI) and Associated Technologies in the Visual Inspection Process. Camcom’s Expertise Lies in Assessing Micro-Defects during production and macro-damages in the aftermarket, which is often subjective and inconsistent. The impactful Camcom AI Solutions Increase Efficiency, Prevent Defective Product SeePage, and offer non-linear scalability. Their track records include successful implementations in various industrys across the globe, demonstrating their capability and reliability.
For more information, please visit: www.camcom.ai,
About Ergo Group AG
Ergo is one of the largest insurance group in Germany and Europe.
The group is represented in over 20 countries worldwide, with a focus on europe and asia. ERGO offers an exented product portfolio for private and corporate clients in every key insurance category, as well as end-to-end support and services. Three Separate Units Operating Under The Umbrella of Ergo Group Ag – Ergo Deutschland Ag, ERGO International Ag, And ERGO Technology & Services MANAGEMENT AG – MANAGEMENT AG – Manage the ERGO GROPINESS and ACTITITIES. The German and International Businesses as Well as Global Management of It and Technology Services are Organized in these units. Around 37,000 people work for the group, either as salaarized employees or as full-time, independent agents. In the 2024 Financial Year, Ergo Generated Insurance Revenue of € 20.8bn and a result of € 810m. Ergo is part of Munich Re, One of the World’s Leading Reinsurers and Risk Carriers.
You can find more information at www.ergo.com,
About hdfc ergo
Hdfc ergo General Insurance Company Limited, One of the Leading Private Sector General Insurance Companies of India, Whose Promoters are HDFC Bank Limited, One of India’s Leading Private Sector Banks, and ERONGE Internet Ag, The Primary Insurance Entity of Munich Re Group. A digital-first company, transforming into an ai-first company, HDFC ERGO is a Leader in Implementing Technology TECNOLOGY TECHNOLOGY TECHNOLOGY TECTORE TOTERE TECTORES TECTORES THE CUSTMERS THE OFERS SERVICE SERVICE
HDFC ERGO offers a Complete Range of General Insurance Products Including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the Retail Space along Engineering, Marine Cargo, Group Health and Liability insurance in the corporate space.
Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of a host of technologically innovative solutions, HDFC Argo have been able to delie Customers at Every TouchPoint and Milestone.
The company has created a stream of innovative & new products as well as services using technologies like artificial intelligence (AI), Machine Learning (Ml), Machine Learning (Ml), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of General Insurance Products and have a complete digital sales process with 299 branches and 600+ digital offices Across India. HDFC Ergo’s Technology Platform has Empowered The Customers to Avail Services Digitally on a 24 × 7 Basis, with 70%+ Claims for Retail Products Intimate Digitally and Over 80% of 80% of Service Interactions are catered digitally of which 10% are Ai LED. The company Issued ~ 3.4 Crore Policies in FY25 and has one of the best claims payout ratios in the general insurance industry.
Please log on to www.hdfCergo.com Or stay connected on the following social media handles to get more information on HDFC Ergo and the products and services offered by the company.
Disclaimer
This Media Information Contains Forward-Looking Statements that are based on Current Assumptions and Forecasts of the Management of Camcomnt of Camcom Technologies, The Ergo Group and HDFC Orgo Genraral Insuration. Known and Unknown Risks, UncertainTies and Other Factors Bet Lead to Material Differences Between The Forward-Looking Statements Given Here and Actual Developments, In Particular Developments, In Particular The Results, Finan Situation and performance of the companies. The company assuers no liability to update these forward-looking statements, or to adjust them to future events or developments.
