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From artificial intelligence to augmented reality, technology is transforming the Property & Casualty insurance and collision repair ecosystem. Whether your area of focus is collision claims, collision repair, first or third party casualty, workers’ compensation or pharmacy, Â鶹¾«Ñ¡ is your source for information and expert opinions on the latest technology and business trends.
Latest Â鶹¾«Ñ¡ Data Shows Continued Increase in Electric Vehicle Collision Claims
Â鶹¾«Ñ¡ today announced the publication of its latest trends report: Plugged-In: EV Collision Insights. This issue provides a year-over-year analysis of EV claims volume, which increased in 2023 by more than 40% in the U.S. and Canada.
Classic Collision Licenses Â鶹¾«Ñ¡ Cloud Estimating for Use at All Locations
Â鶹¾«Ñ¡ and Classic Collision, LLC, one of the top four largest MSOs in the nation, today announced that they have signed a multi-year agreement. The enterprise licensing agreement gives all current and future Classic Collision locations access to Â鶹¾«Ñ¡ Cloud Estimating with Integrated Repair Procedures as well as the company’s Paintless Dent Repair (PDR) calculator.
Â鶹¾«Ñ¡ Reports a Lower Total Loss Rate for Electric Vehicles
Â鶹¾«Ñ¡ released its latest trends report: Plugged-In: EV Collision Insights. This quarter’s report examines total loss frequency for electric and ICE automobiles. In the U.S. and Canada from Q1 to Q3 2023, the EV total loss rate was 7.25% for models 2020 and newer. Luxury ICE automobiles had a rate of 7.47% versus 8.49% for all ICE vehicles.
Mazda and Â鶹¾«Ñ¡ Renew Collision Network Agreement and Introduce Program Enhancements
Â鶹¾«Ñ¡ and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, Â鶹¾«Ñ¡ will continue to serve as program administrator of the Mazda Collision Network in the United States.
Â鶹¾«Ñ¡ Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
Â鶹¾«Ñ¡ today announced that it received a 2023 Stratus Award for Cloud Computing from Business Intelligence Group. The organization’s annual awards program seeks to identify the companies, products and people offering unique solutions that take advantage of cloud technologies.
Â鶹¾«Ñ¡ Automates Scan and Calibration Detection in Estimating Workflow
Â鶹¾«Ñ¡ today announced the availability of a new feature in Â鶹¾«Ñ¡ Cloud Estimating that automatically detects a completed scan or calibration and gives users the ability to quickly add it as a line on the collision-damage appraisal. This enhanced integration between carrier and shop workflows helps ensure that estimates include the appropriate diagnostic procedures performed.