ELEMENT Insurance AG’s Post

Across the auto industry, trends range from lengthy cycle times and high indemnity costs to inefficient repair processes. This can often mean having to make a dozen calls to solve each challenge. But what if carriers and TPAs worked together? Read more from Chris Bakes and Telly Berry in today's blog. #auto #SEMA2023 #carriers #TPA https://bit.ly/3SdS3Jf

Very informative article in Auto Dealer Today. California dealers get ready for SB 55 - SAFECAT is your compliant, preferred solution. https://lnkd.in/g36ucNcu

Do you want to better understand the connections between OEMs, repair facilities, and emerging collision industry trends? If you're attending the Canadian Collision Industry Forum (CCIF), powered by the Automotive Industries Association of Canada, don't miss Ryan Mandell's insightful presentation on February 9 at 11:15 a.m. It's not too late to register. #collisionindustry #emergingtrends

Interesting article "Insurers and Manufacturers: The Future of Automotive Synergy" by my Sapiens colleague Michael Staack.

🚗 Exciting news in the auto repair industry! CollisionRight, known for its top-tier collision repair services across nine states, gears up for accelerated growth with a strategic investment from Summit Partners. With plans to expand and set industry standards in customer service and operational excellence, CollisionRight is on the path to transform the face of automotive care. Buckle up as they drive towards becoming an industry leader, underpinned by Summit's support! 🌟 #CollisionRight #AutomotiveInnovation #BusinessGrowth #Partnership #SummitPartners #LinkedInUpdate

Some great insight in the Finance and Insurance edition of Automotive Management (AM). Damian Tyler from Assurant gives some fantastic views in the 'six steps to success with Add-ons' piece on pages 24-25. #automotiveindustry #automotiveinsights #success

Last month a top UK motor insurer was in the mainstream media firing line, as the #FCA ordered them to review their last five years of #motorclaims settlements. The issue was specifically one of valuations of vehicles that were written off and whether consumers were underpaid on #vehicle values. Then there’s the separate issue of values being linked to the exact spec of a given model. Percayso Inform’s Head of Vehicle Intelligence, Kieran Fisher speaks to Insurance-Edge.Net about how #insurers can use tech like Percayso Vehicle Intelligence to provide an evidence based assessment of the vehicle’s true value. Worth a read to find out more and to learn how you could be impacted -> https://lnkd.in/eC2Vm6s4 Kieran Fisher Richard Tomlinson David Kelly Chris Traill Florence Bishop Stuart Hanagan

If you do one thing today, have a read 👓 of this article, and thats not just due to me featuring heavily in it 🤣 It's a great overview of the recent FCA focus on unfair motor claims settlements and some of my thoughts on how this may effect the industry and best practices! #fca #motorclaims #claims #fair

MEDIA RELEASE: VACC has recently highlighted a significant issue regarding lengthy assessment delays for accident-damaged vehicles among Suncorp Group customers, affecting both automotive repairers and consumers. CEO Geoff Gwilym emphasises that this is not merely an isolated incident but a systemic problem requiring substantial changes in Suncorp's business practices. Despite Suncorp's response, which lacked denial of the delays, VACC insists on the need for immediate action, especially considering Suncorp's substantial profits. With mounting evidence and support from affected repairers, VACC seeks a constructive dialogue with Suncorp executives to address these delays and ensure fair outcomes for all stakeholders, promising engagement with regulators if necessary. Read our full media release here: https://lnkd.in/gWa3i5wJ

We appreciate the free publicity from other GPS companies such as CarRx that use LoJack by Solera as the gold standard for comparing your product. By the way, we are glad not to give DTC codes and tap into the OBD. The OEM gives those, nor do we want to be the reason the OEM denies warranty work because of being the issue. You made all these comparisons, but you left the price off. Why is that? Because no one beats LoJack by Solera in price. Everyone tries to copy in value. Only LoJack by Solera give the client an additional $10,000 above the insurance settlement if the vehicle is not recovered.