EP 97 Mahesh Subramanian – CEO CamCom – The Drones Become Your First Responders

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Michael Waitze has been podcasting with some of the best investors and business builders globally and discussing all things startup with them from an Asian perspective. Michael worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley, and Goldman Sachs, primarily in Tokyo. Michael always maintained a particular focus on how technology could be used successfully to make businesses more efficient and to drive P/L growth. Michael is quite skilled at connecting people and capital to innovative ideas and is a trusted advisor to both investors and founders. Michael is a leader in the digital media space, having pioneered the concept of a podcast network in Asia while building the biggest and fastest-growing listener base in the region. His flagship website, AsiaTechPodcast.com, has listeners in over 130 countries and is available on virtually every podcast player that supports RSS feeds.

A seasoned technologist and a serial entrepreneur in the deep tech space. Mahesh has run multiple successful startups and now is keen on leveraging deep tech to automate human intensive tasks.

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Asia InsurTech Podcast talked to Mahesh Subramanian, Co-founder & CEO of AI startup CamCom. The company is focused on deploying AI in the automotive space and to innovate along the insurance value chain. For example, with the help of drones and computer vision, CamCom could assess damages on a car within minutes after an accident. 

Mahesh talks about how human-dependent the insurance industry is, even though many tasks including KYC and loss assessment could become contactless with the help of AI. An important aspect since the outbreak of Covid-19. But apart from reducing human interaction, AI can also help make decisions more objective and less subjective. 

CamCom has raised pre-series A in January 2020 and is working with a number of insurers in India offering their computer vision technology to assess motor claims. Their business model is a tranactional SaaS model that charges clients per inspection. With large numbers of vehicles on the road and an appetit for innovation, Dubai/UAE is another important market for CamCom to focus on.

If you would like to learn more about how AI can be deployed in insurance, listen to our epsiode with Ravi Saraogi from Uniphore.

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