Vaultik and Chubb Partner to Launch AI-Powered Watch and Jewellery Insurance Integration

Vaultik has announced a new collaboration with Chubb, a leading global insurer, to provide watch and jewellery owners with a connected digital route from authentication and valuation to an insurance quote.

Through the Vaultik experience, collectors and eligible watch and jewellery owners can capture pictures of their items through a guided digital process, receive AI-powered authentication and valuation results, and continue within the same app to request an insurance quote from Chubb. Eligible customers can then purchase coverage digitally, underwritten by Chubb.

The experience can also be made available to customers through retailers, jewellers, and marketplace sellers. Vaultik currently partners with sellers on WhatNot and eBay Live and is now selecting additional marketplaces and partners to provide the service to their customers.

The collaboration addresses a traditionally fragmented process in which owners may need to arrange separate appointments for appraisal, transport valuable items, wait for valuation documentation and then contact an insurance provider independently.

By bringing these stages into a connected digital journey, Vaultik and Chubb aim to reduce the administrative steps involved in documenting and protecting valuable personal possessions. Collectors can begin the process from a picture while on the go, wherever they are.

Every AI-generated Vaultik valuation result is reviewed by experts at Birmingham Assay Office, one of the United Kingdom's four official Assay Offices. Established in 1773, Birmingham Assay Office provides expertise in precious metals, hallmarking, watches and jewellery.

AI is not intended to replace the work of expert authenticators and valuers, specialist equipment or physical examination; instead, Vaultik aims to use technology to bring greater trust to a market that has historically been fragmented and opaque by creating a shared memory layer for valuable objects, preserving information such as previous assessments, ownership, provenance, repairs, serial numbers and changes in condition so it can remain accessible throughout an object's lifecycle.

The expert review provides additional professional oversight to Vaultik's technology-generated valuation results and supports market-informed information before eligible customers continue to the Chubb insurance quote process.

Vaultik's proprietary AI protocol, KYP, or Know Your Product, evaluates information collected from the pictures to generate authentication and valuation outputs for eligible items. KYP is Vaultik's KYC solution designed to bring financial-grade identity to physical products.

Retailers and jewellers can also use Vaultik's business platform to provide eligible customers with access to the connected authentication, valuation and insurance journey. Additional information is available at https://www.vaultik.com.