On Tuesday, HyreCar landed its fifth new industry partnership since July.

HyreCar, the carsharing marketplace for ridesharing, announced that it has entered into an agreement with Shift Technology to deploy that firm’s artificial intelligence-driven fraud detection solution to optimize its insurance claims processes and deliver an exceptional customer experience.

Based on Shift’s 75 percent accuracy rate in identifying potentially fraudulent claims — more than twice the current industry standard of 30 percent — HyreCar said that it anticipates that deploying Shift’s Force solution will significantly reduce fraudulent claims within six months.

HyreCar’s relationship with SHIFT (not to be confused with Shift Technologies, the retail platform) arrived as HyreCar already landed partnerships with other industry stalwarts such as PassTime as well as the National Independent Automobile Dealers Association.

HyreCar’s unique business model matches owners of idle vehicles with drivers who wish to take advantage of the “gig economy” aspects of the ridesharing industry. This untraditional pairing of drivers and vehicles presents a number of different challenges specifically related to how vehicles and drivers are insured. HyreCar contends that it has solved this problem by creating policies designed to protect both the drivers and the vehicle they are driving in the event of an accident.

Since the HyreCar model “decouples” the vehicle and driver, vehicle owners must be confident that they will be compensated in a fair and timely manner should their vehicle be damaged.

“We are proud to announce our partnership with Shift Technology, whose AI capabilities we believe will enable us to dramatically improve the efficiency of our insurance claims process, allowing us to make timely payouts to vehicle owners,” HyreCar chief executive officer Joe Furnari said.

“By vertically integrating services like Shift Technology on our platform, we are better able to quickly scale inventory, which in turn drives customer retention, reduces costs and increases revenue,” Furnari continued.

Using Shift Technology’s Force within their claims process can enable HyreCar to operate at “Internet speed” during the claims verification process. The ability of Force to quickly, efficiently and accurately leverage vast amounts of data results in clear, actionable insights about the claims being processed.

In cases where a claim may be fraudulent, Force can identify which indicators make the claim suspicious, and empower fraud handlers to take the most appropriate course of action as it relates to settling and/or rejecting the claim.

“At the same time HyreCar is changing the ridesharing industry, they’re also pushing the envelope when it comes to insurance innovation. Shift Technology is a company passionate about using AI to improve and reinvent the insurance claims process. It’s only natural we would end up working together,” said Jeremy Jawish, chief executive officer and co-founder of Shift Technology.

“Our AI-driven solutions designed for today’s insurers gives companies like HyreCar the capability to support new, digital-first business models and drive greater speed and accuracy in the claims process,” Jawish continued.