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From artificial intelligence to advanced driver assistance systems, technology is transforming the Property & Casualty insurance and collision repair industries. Stay updated on the latest ²ÞËùÇ¿¼é and ²ÞËùÇ¿¼é news and business trends.
²ÞËùÇ¿¼é Expands Its Intelligent Open Platform and Support for AI-Enabled Vehicle Inspections Through Collaboration With PAVE
²ÞËùÇ¿¼é today announced that it is teaming up with PAVE to automate vehicle inspections and conditioning. Using ²ÞËùÇ¿¼é’s cloud-based appraisal solution, comprehensive data and open platform with PAVE’s proprietary artificial intelligence (AI) and guided image capture application, U.S. and Canadian organizations will be able to generate graded condition reports from uploaded photos.
Battery Electric Vehicle Collision Claims Continue to Rise Despite Sales Slowdown
²ÞËùÇ¿¼é today published its Q2 2024 Plugged-In: EV Collision Insights report. This edition features the latest U.S. and Canadian claims data on battery electric vehicles (BEVs), mild hybrid electric vehicles (MHEVs) and plug-in hybrid electric vehicles (PHEVs)—highlighting how differences in their complexity and construction are affecting claim costs and repair operations.
Decrease in Used Electric Vehicle Prices Coincides with an Increase in Total Loss Claims
²ÞËùÇ¿¼é today released its Q1 2024 trends report: Plugged-In: EV Collision Insights. This quarter’s report provides an update on EV total loss frequency, which has risen since late last year as the price of used EVs has fallen. In the U.S. and Canada, EV total loss rates were 9.93% and 7.48% respectively—an increase of approximately 8% from Q4 2023 and 30% from Q3 2023 in both regions.