Latest news with #AutoDataMiddleEast
Hi Dubai
21-07-2025
- Automotive
- Hi Dubai
AutoData ME Launches AI Suite to Disrupt Auto Insurance & Used Car Markets
AI Valuation Engine. Risk Coefficient. DealRevs. Claim Hub. Four data-powered tools driving pricing accuracy, fraud prevention, and used car profitability across the GCC. As the UAE's auto insurance sector faces mounting scrutiny over rising premiums, opaque pricing, and a lack of reliable data, especially for electric and grey-import vehicles, AutoData Middle East is stepping up with a smarter, more transparent path forward. The company has launched a next-generation suite of AI-powered intelligence tools designed to improve pricing accuracy, enhance risk evaluation, prevent fraud, and boost profitability across the used car and insurance ecosystem. Built on precision, transparency, and deep regional expertise, AutoData's AI-powered tools offer a smarter way forward. They address major blind spots caused by inconsistent underwriting and gaps in data quality at a critical time when deductibles have soared and coverage is increasingly difficult to access. The new suite, including the AI Valuation Engine, Risk Coefficient, Claim Hub, and Deal Revs - a unified intelligence infrastructure built to help insurers, dealerships, and marketplaces make faster, more informed decisions across the GCC. You cannot make strong decisions with partial information - yet that is how much of the industry still operates, said Sebastian Fuchs, Managing Director of AutoData Middle East. Over the years, we have seen how a lack of data precision leads to loss, inefficiency, and risk across insurance, trade, and valuation. This suite is the result of years of market observation and product innovation, built specifically for the GCC. It gives our partners the visibility, speed, and accuracy they need to lead in a fast-evolving market, while raising the standard of transparency for the entire ecosystem. The AI Valuation Engine: Real-Time Pricing Built for the GCC Built for the GCC, the AI Valuation Engine delivers real-time used car pricing with unmatched accuracy. Trained on more than 100 million data points, from both live and historical transactions, it reflects real market behaviour and updates every two weeks. Insurers, marketplaces, and dealerships use it to price vehicles with confidence and consistency. Risk Coefficient: Revolutionising Risk-Based Insurance Underwriting Traditional pricing models often overlook critical risk factors. Risk Coefficient brings a new standard to underwriting by analysing over 50 vehicle attributes, including safety features, power-to-weight ratios, and real-time depreciation data. It is especially effective in closing pricing gaps for electric and grey-import vehicles, where traditional models often fall short. By addressing mileage blind underwriting losses, Risk Coefficient helps insurers reduce exposure, improve pricing accuracy, and offer fairer, data-driven premiums across all vehicle risk profiles. Claim Hub: The UAE's Total Loss Intelligence Engine Claim Hub enables insurance providers to securely exchange real-time data on total loss vehicles through seamless API integration. By connecting to critical UAE sources such as Emirates Vehicle Gate and the Dubai Traffic Accidents Database, Claim Hub supports fraud prevention, streamlines claims processing, and ensures regulatory compliance. Claim Hub gives insurers deeper visibility into total loss activity and helps strengthen portfolio performance through real-time data sharing, collaboration, and regulatory transparency. DealRevs: Unlocking Profit in the Used Car Market DealRevs empowers dealerships to unlock margin, streamline trade-ins, and optimise inventory decisions in a rapidly growing used car market. Through features like dynamic pricing, in-house auction integration, and marketplace syndication, DealRevs supports faster turnover, improved trade-in accuracy, and reduced holding costs. For mid-size dealerships, the platform can deliver profitability gains of over AED 1.5 million annually. A Vision Rooted in Innovation Since 2006, AutoData Middle East has expanded its data network, built strategic integrations with partners like JATO and CARFAX, and led market-specific innovation in VIN decoding, fraud prevention, AI modelling, and insurance underwriting. With the launch of this new intelligence suite, AutoData Middle East is advancing its mission to build a more transparent, connected, and data-driven automotive ecosystem across the region. As insurers, fleet operators, and digital platforms navigate rapid shifts in mobility and risk, AutoData is committed to delivering the insight and technology needed to lead the future, not just adapt to it. Learn more about DealRevs, AutoData Middle East's profitability platform for used car dealerships, designed to optimise trade-ins, inventory, and resale strategy:
Mid East Info
21-07-2025
- Automotive
- Mid East Info
AutoData Middle East Launches Next-Gen Intelligence Suite to Transform the Region's Auto Insurance and Used Car Markets
AI Valuation Engine. Risk Coefficient. DealRevs. Claim Hub. Four data-powered tools driving pricing accuracy, fraud prevention, and used car profitability across the GCC As the UAE's auto insurance sector faces mounting scrutiny over rising premiums, opaque pricing, and a lack of reliable data, especially for electric and grey-import vehicles, AutoData Middle East is stepping up with a smarter, more transparent path forward. The company has launched a next-generation suite of AI-powered intelligence tools designed to improve pricing accuracy, enhance risk evaluation, prevent fraud, and boost profitability across the used car and insurance ecosystem. Built on precision, transparency, and deep regional expertise, AutoData's AI-powered tools offer a smarter way forward. They address major blind spots caused by inconsistent underwriting and gaps in data quality at a critical time when deductibles have soared and coverage is increasingly difficult to access. The new suite, including the AI Valuation Engine, Risk Coefficient, Claim Hub, and Deal Revs – a unified intelligence infrastructure built to help insurers, dealerships, and marketplaces make faster, more informed decisions across the GCC. 'You cannot make strong decisions with partial information – yet that is how much of the industry still operates,' said Sebastian Fuchs, Managing Director of AutoData Middle East. 'Over the years, we have seen how a lack of data precision leads to loss, inefficiency, and risk across insurance, trade, and valuation. This suite is the result of years of market observation and product innovation, built specifically for the GCC. It gives our partners the visibility, speed, and accuracy they need to lead in a fast-evolving market, while raising the standard of transparency for the entire ecosystem.' The AI Valuation Engine: Real-Time Pricing Built for the GCC Built for the GCC, the AI Valuation Engine delivers real-time used car pricing with unmatched accuracy. Trained on more than 100 million data points, from both live and historical transactions, it reflects real market behaviour and updates every two weeks. Insurers, marketplaces, and dealerships use it to price vehicles with confidence and consistency. Risk Coefficient: Revolutionising Risk-Based Insurance Underwriting Traditional pricing models often overlook critical risk factors. Risk Coefficient brings a new standard to underwriting by analysing over 50 vehicle attributes, including safety features, power-to-weight ratios, and real-time depreciation data. It is especially effective in closing pricing gaps for electric and grey-import vehicles, where traditional models often fall short. By addressing mileage blind underwriting losses, Risk Coefficient helps insurers reduce exposure, improve pricing accuracy, and offer fairer, data-driven premiums across all vehicle risk profiles. Claim Hub: The UAE's Total Loss Intelligence Engine Claim Hub enables insurance providers to securely exchange real-time data on total loss vehicles through seamless API integration. By connecting to critical UAE sources such as Emirates Vehicle Gate and the Dubai Traffic Accidents Database, Claim Hub supports fraud prevention, streamlines claims processing, and ensures regulatory compliance. Claim Hub gives insurers deeper visibility into total loss activity and helps strengthen portfolio performance through real-time data sharing, collaboration, and regulatory transparency. DealRevs: Unlocking Profit in the Used Car Market DealRevs empowers dealerships to unlock margin, streamline trade-ins, and optimise inventory decisions in a rapidly growing used car market. Through features like dynamic pricing, in-house auction integration, and marketplace syndication, DealRevs supports faster turnover, improved trade-in accuracy, and reduced holding costs. For mid-size dealerships, the platform can deliver profitability gains of over AED 1.5 million annually. A Vision Rooted in Innovation Since 2006, AutoData Middle East has expanded its data network, built strategic integrations with partners like JATO and CARFAX, and led market-specific innovation in VIN decoding, fraud prevention, AI modelling, and insurance underwriting. With the launch of this new intelligence suite, AutoData Middle East is advancing its mission to build a more transparent, connected, and data-driven automotive ecosystem across the region. As insurers, fleet operators, and digital platforms navigate rapid shifts in mobility and risk, AutoData is committed to delivering the insight and technology needed to lead the future, not just adapt to it.
Zawya
21-07-2025
- Automotive
- Zawya
AutoData Middle East launches next-gen intelligence suite to transform the region's auto insurance and used car markets
Dubai, UAE – As the UAE's auto insurance sector faces mounting scrutiny over rising premiums, opaque pricing, and a lack of reliable data, especially for electric and grey-import vehicles, AutoData Middle East is stepping up with a smarter, more transparent path forward. The company has launched a next-generation suite of AI-powered intelligence tools designed to improve pricing accuracy, enhance risk evaluation, prevent fraud, and boost profitability across the used car and insurance ecosystem. Built on precision, transparency, and deep regional expertise, AutoData's AI-powered tools offer a smarter way forward. They address major blind spots caused by inconsistent underwriting and gaps in data quality at a critical time when deductibles have soared and coverage is increasingly difficult to access. The new suite, including the AI Valuation Engine, Risk Coefficient, Claim Hub, and Deal Revs - a unified intelligence infrastructure built to help insurers, dealerships, and marketplaces make faster, more informed decisions across the GCC. 'You cannot make strong decisions with partial information - yet that is how much of the industry still operates,' said Sebastian Fuchs, Managing Director of AutoData Middle East. 'Over the years, we have seen how a lack of data precision leads to loss, inefficiency, and risk across insurance, trade, and valuation. This suite is the result of years of market observation and product innovation, built specifically for the GCC. It gives our partners the visibility, speed, and accuracy they need to lead in a fast-evolving market, while raising the standard of transparency for the entire ecosystem.' The AI Valuation Engine: Real-Time Pricing Built for the GCC Built for the GCC, the AI Valuation Engine delivers real-time used car pricing with unmatched accuracy. Trained on more than 100 million data points, from both live and historical transactions, it reflects real market behaviour and updates every two weeks. Insurers, marketplaces, and dealerships use it to price vehicles with confidence and consistency. Risk Coefficient: Revolutionising Risk-Based Insurance Underwriting Traditional pricing models often overlook critical risk factors. Risk Coefficient brings a new standard to underwriting by analysing over 50 vehicle attributes, including safety features, power-to-weight ratios, and real-time depreciation data. It is especially effective in closing pricing gaps for electric and grey-import vehicles, where traditional models often fall short. By addressing mileage blind underwriting losses, Risk Coefficient helps insurers reduce exposure, improve pricing accuracy, and offer fairer, data-driven premiums across all vehicle risk profiles. Claim Hub: The UAE's Total Loss Intelligence Engine Claim Hub enables insurance providers to securely exchange real-time data on total loss vehicles through seamless API integration. By connecting to critical UAE sources such as Emirates Vehicle Gate and the Dubai Traffic Accidents Database, Claim Hub supports fraud prevention, streamlines claims processing, and ensures regulatory compliance. Claim Hub gives insurers deeper visibility into total loss activity and helps strengthen portfolio performance through real-time data sharing, collaboration, and regulatory transparency. DealRevs: Unlocking Profit in the Used Car Market DealRevs empowers dealerships to unlock margin, streamline trade-ins, and optimise inventory decisions in a rapidly growing used car market. Through features like dynamic pricing, in-house auction integration, and marketplace syndication, DealRevs supports faster turnover, improved trade-in accuracy, and reduced holding costs. For mid-size dealerships, the platform can deliver profitability gains of over AED 1.5 million annually. A Vision Rooted in Innovation Since 2006, AutoData Middle East has expanded its data network, built strategic integrations with partners like JATO and CARFAX, and led market-specific innovation in VIN decoding, fraud prevention, AI modelling, and insurance underwriting. With the launch of this new intelligence suite, AutoData Middle East is advancing its mission to build a more transparent, connected, and data-driven automotive ecosystem across the region. As insurers, fleet operators, and digital platforms navigate rapid shifts in mobility and risk, AutoData is committed to delivering the insight and technology needed to lead the future, not just adapt to it. Learn more about DealRevs, AutoData Middle East's profitability platform for used car dealerships, designed to optimise trade-ins, inventory, and resale strategy: -Ends- MEDIA CONTACT | SOAR PR ( Honour Chokote | honour@ Noha Ahmed | noha@ About AutoData Middle East AutoData Middle East, a subsidiary of World Automotive Group, is the leading automotive data solutions provider in the Gulf Cooperative Council (GCC) region. Headquartered in the UAE, AutoData ME is a pioneering force in automotive policy issuance and claims management and is dedicated to empowering professionals and facilitating informed decision-making. The leading automotive data solutions provider instils confidence in its partners and the automotive market, fostering trust through innovative solutions. Launched in the region in 2010, and currently operating across the GCC, AutoData Middle East provides comprehensive vehicle history reports in the UAE, KSA, Kuwait, Oman, Qatar, and Bahrain. The company is part of the Skelmore Group, which boasts over 35 years of experience in the Middle Eastern and North American automotive business, positioning it as a leading provider of accurate and detailed vehicle information. AutoData Middle East offers a comprehensive suite of B2B and B2C services, including insurance advising, financing, buy and trade-in price advising, buying and selling platform tools, and more, resulting in the leading automotive data solutions provider attaining the AI-based Estimating Solutions Provider Award at the InsureTek Golden Shield Excellence Awards 2024. In May 2024, AutoData Middle East partnered with CARFAX, leveraging extensive data from over 100,000 sources across 22 markets in the US, Canada, and Europe. Driven by a commitment to excellence, its data-driven solutions empower confident decision-making in insurance pricing, vehicle transactions, and dealership operations, enhancing transparency and confidence across the automotive landscape. Grounded in accountability, data-driven decision-making, and clarity of communication, the company continuously seeks to innovate and shape the future of mobility.
Gulf Today
26-06-2025
- Automotive
- Gulf Today
Vehicle report turns one: Disrupting used car buying for over 42,000 UAE drivers and counting
A year ago, purchasing a used car in the GCC often meant navigating limited information and a lack of transparency. In response, AutoData Middle East launched Vehicle Report - an AI-powered platform designed to place greater control in the hands of consumers. Over the past 12 months, more than 42,000 users have turned to the service to access verified data on ownership, accident history, valuation, and more. Daily usage has tripled between July 2024 and March 2025, with over 5,000 users now engaging each month. Of those, 84% reported no post-purchase issues, underscoring the platform's role in reducing buyer risk and building confidence through accurate, accessible insight. Empowering Informed, Efficient Car Buying Vehicle Report stands out by turning fragmented automotive data into clear, actionable insight. Built around real consumer needs, the platform supports smarter, safer, and faster decision-making throughout the used car journey, before committing: Save Money: Compare loan and insurance offers side by side, with market-aligned valuations to avoid overpaying. Buy Smart: Access a car's full history, including accidents and ownership lineage, maintenance data, pre-purchase inspection insights and service records, with a single Vehicle Identification Number (VIN) lookup. Save Time: Instantly aggregating listings, while filtering and forecasting in real-time from multiple sales portals, streamlining the car-buying process. As the UAE's used car market continues to grow, residual value performance remains a crucial indicator of vehicle quality and long-term value. In Q2 2025, data from AutoData shows that family-friendly vehicles such as the Kia Carens LX continue to hold strong residual value (78% after 3 years), thanks to a balance of affordability, spacious design, and efficient ownership costs. Within the SUV category, the Toyota Land Cruiser GXR was recognised as the best-value model (81% after 3 years), combining robust specification levels with competitive market pricing and favourable depreciation profiles. What's next for AutoData As Vehicle Report continues to gain momentum across the region, AutoData Middle East is expanding its suite of tools to support smarter decisions for both consumers and industry partners. 'Our mission has always been to bring clarity and confidence to the automotive ecosystem,' said Sebastian Fuchs, Managing Director of AutoData Middle East. 'With advanced AI at its core, Vehicle Report delivers real-time, market-specific pricing and risk analysis - helping buyers save up to 25% on average. More than a history check, it's a decision-making engine that unifies pricing, ownership, and insurance data to transform how used cars are bought and sold. As we grow, we're focused on deeper integrations with insurers, banks, and marketplaces, and on launching tools like AutoMagic and Claim Hub to further streamline the process. We're proud to be raising the bar for transparency and intelligence in automotive transactions.' With AI-powered technology, trust, and transparency at its core, Vehicle Report is redefining how the UAE buys and sells used cars. Now entering its second year, it's more than just a report - it's a smart ecosystem built to empower better decisions, from valuation to insurance to ownership. Learn more about Vehicle Report - AutoData Middle East's AI-powered platform helping over 42,000 users make smarter car decisions:
Mid East Info
25-06-2025
- Automotive
- Mid East Info
Vehicle Report Turns One: Disrupting Used Car Buying for Over 42,000 UAE Drivers and Counting
A year ago, purchasing a used car in the GCC often meant navigating limited information and a lack of transparency. In response, AutoData Middle East launched Vehicle Report – an AI-powered platform designed to place greater control in the hands of consumers. Over the past 12 months, more than 42,000 users have turned to the service to access verified data on ownership, accident history, valuation, and more. Daily usage has tripled between July 2024 and March 2025, with over 5,000 users now engaging each month. Of those, 84% reported no post-purchase issues, underscoring the platform's role in reducing buyer risk and building confidence through accurate, accessible insight. Empowering Informed, Efficient Car Buying Vehicle Report stands out by turning fragmented automotive data into clear, actionable insight. Built around real consumer needs, the platform supports smarter, safer, and faster decision-making throughout the used car journey, before committing: Save Money: Compare loan and insurance offers side by side, with market-aligned valuations to avoid overpaying. Buy Smart: Access a car's full history, including accidents and ownership lineage, maintenance data, pre-purchase inspection insights and service records, with a single Vehicle Identification Number (VIN) lookup. Save Time: Instantly aggregating listings, while filtering and forecasting in real-time from multiple sales portals, streamlining the car-buying process. Through this consolidated approach, the platform is shifting the regional automotive experience from reactive to data-driven, bridging the gap between information and confident decision-making for today's car buyers. As the UAE's used car market continues to grow, residual value performance remains a crucial indicator of vehicle quality and long-term value. In Q2 2025, data from AutoData shows that family-friendly vehicles such as the Kia Carens LX continue to hold strong residual value (78% after 3 years), thanks to a balance of affordability, spacious design, and efficient ownership costs. Within the SUV category, the Toyota Land Cruiser GXR was recognised as the best-value model (81% after 3 years), combining robust specification levels with competitive market pricing and favourable depreciation profiles. What's next for AutoData As Vehicle Report continues to gain momentum across the region, AutoData Middle East is expanding its suite of tools to support smarter decisions for both consumers and industry partners. Among its upcoming innovations is an AI-powered pricing engine that delivers real-time car valuations using over 100 million data points , factoring in market trends, specs, and condition to reveal a vehicle's true worth, whether buying, selling or trading in. Also in development is Claim Hub , a tool for insurers to detect total loss vehicles, reduce fraud, and accelerate claims, enhancing accountability across the ecosystem and building long-term trust for buyers. With a future-ready focus, AutoData is bridging data and trust to make car ownership safer, simpler, and smarter. 'Our mission has always been to bring clarity and confidence to the automotive ecosystem,' said Sebastian Fuchs, Managing Director of AutoData Middle East. 'With advanced AI at its core, Vehicle Report delivers real-time, market-specific pricing and risk analysis – helping buyers save up to 25% on average. More than a history check, it's a decision-making engine that unifies pricing, ownership, and insurance data to transform how used cars are bought and sold. As we grow, we're focused on deeper integrations with insurers, banks, and marketplaces, and on launching tools like AutoMagic and Claim Hub to further streamline the process. We're proud to be raising the bar for transparency and intelligence in automotive transactions.' With AI-powered technology, trust, and transparency at its core, Vehicle Report is redefining how the UAE buys and sells used cars. Now entering its second year, it's more than just a report – it's a smart ecosystem built to empower better decisions, from valuation to insurance to ownership. Learn more about Vehicle Report – AutoData Middle East's AI-powered platform helping over 42,000 users make smarter car decisions:
