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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 51³Ô¹ÏºÚÁÏ and Enlyte news and business trends.
51³Ô¹ÏºÚÁÏ Reports a Lower Total Loss Rate for Electric Vehicles
51³Ô¹ÏºÚÁÏ 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 51³Ô¹ÏºÚÁÏ Renew Collision Network Agreement and Introduce Program Enhancements
51³Ô¹ÏºÚÁÏ and Mazda North American Operations (MNAO) today announced that they have signed a contract renewal. Under the terms of the contract, 51³Ô¹ÏºÚÁÏ will continue to serve as program administrator of the Mazda Collision Network in the United States.
51³Ô¹ÏºÚÁÏ Named a Global Leader in Cloud Computing for Innovative, AI-Powered Appraisal Review Solution
51³Ô¹ÏºÚÁÏ 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.
51³Ô¹ÏºÚÁÏ Automates Scan and Calibration Detection in Estimating Workflow
51³Ô¹ÏºÚÁÏ today announced the availability of a new feature in 51³Ô¹ÏºÚÁÏ 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.
Latest 51³Ô¹ÏºÚÁÏ Report Details Collision Claim and Repair Differences Between Electric and Internal Combustion Engine Vehicles
51³Ô¹ÏºÚÁÏ today announced the availability of its Q2 2023 report: Plugged-In: EV Collision Insights. The report highlights a continued increase in electric vehicle (EV) repairable claims frequency, which rose to 1.49% in the U.S. and 2.64% in Canada last quarter. It also documents the differences in claims severity, post-accident drivability and collision repair when comparing EVs to automobiles powered by an internal combustion engine (ICE).
Progressive Implements 51³Ô¹ÏºÚÁÏ’s Estimating Platform to Help Streamline Appraisals of Light-, Medium- and Heavy-Duty Trucks
Largest U.S. writer of commercial auto insurance uses 51³Ô¹ÏºÚÁÏ Cloud Estimating TruckMax and the company’s cloud-based platform to complete commercial, specialty and passenger vehicle appraisals