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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.
Latest ²ÞËùÇ¿¼é Data Shows Continued Increase in Electric Vehicle Collision Claims
²ÞËùÇ¿¼é 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 ²ÞËùÇ¿¼é Cloud Estimating for Use at All Locations
²ÞËùÇ¿¼é 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 ²ÞËùÇ¿¼é Cloud Estimating with Integrated Repair Procedures as well as the company’s Paintless Dent Repair (PDR) calculator.
²ÞËùÇ¿¼é Reports a Lower Total Loss Rate for Electric Vehicles
²ÞËùÇ¿¼é 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 ²ÞËùÇ¿¼é Renew Collision Network Agreement and Introduce Program Enhancements
²ÞËùÇ¿¼é and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, ²ÞËùÇ¿¼é will continue to serve as program administrator of the Mazda Collision Network in the United States.
²ÞËùÇ¿¼é Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
²ÞËùÇ¿¼é 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.
²ÞËùÇ¿¼é Automates Scan and Calibration Detection in Estimating Workflow
²ÞËùÇ¿¼é today announced the availability of a new feature in ²ÞËùÇ¿¼é 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.