Bengaluru: In a major leap for India’s deep-tech landscape, CamCom Technologies, a Bengaluru-headquartered computer vision company, has entered a landmark strategic partnership with ERGO Group AG, one of Europe’s leading insurance providers.
As part of the agreement, CamCom Technologies will act as the exclusive technology partner for ERGO’s AI-driven visual inspection solution, now live in Estonia, Latvia, and Lithuania, with plans for expansion across additional European markets.
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This partnership positions CamCom Technologies at the forefront of global insurance innovation. Leveraging its proprietary Large Vision Model (LVM) – the world’s first domain-specific AI engine for surface defect and damage detection – CamCom enables customers to easily upload images of vehicles or properties via smartphones.
The platform performs fast, auditable, and highly accurate damage assessments, transforming the traditional claims and underwriting processes with automation and transparency.
“We are proud to be ERGO’s trusted technology partner,” said Geetha Sham, Director and President – Europe, CamCom Technologies. “This partnership not only marks a major milestone in our global journey but also reinforces our commitment to delivering scalable AI solutions tailored to the insurance sector.”
Mark Klein, Chief Digital Officer and Member of the Board at ERGO Group AG, added: “CamCom’s AI platform checks all the boxes: it’s practical, scalable, and intuitive. Our aim is to digitize and simplify insurance processes for motor and homeowner segments across our European footprint.”
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The collaboration reflects ERGO Group AG’s larger strategic goal to become a digital leader in insurance by 2025. This global deployment follows CamCom’s success with HDFC ERGO in India, where the technology has significantly improved claim processing accuracy and customer experience.
“With ERGO Group’s adoption, CamCom Technologies expands its trusted platform to global markets, reaffirming India’s role as a hub of AI excellence,” said Ajith Nayar, CEO, CamCom Technologies.
CamCom Technologies AI Platform in Use by 15 Insurance Companies
CamCom’s AI platform is already in use by more than 15 insurance companies globally and complies with stringent regional data policies such as GDPR in Europe and IRDAI regulations in India. This partnership is subject to applicable approvals from regulatory authorities, including IRDAI.
