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Enlyte
News Release
Enlyte’s 2024 Trends Report Addresses Top Challenges in the P&C Industry
As the Property and Casualty industry sets course for 2024, executives face continuing challenges in integrating generative AI, understanding data analytics maturity, staying current with prescription drug trends, and managing medical and auto claims costs amidst fears of inflation and legislative and regulatory changes.
Auto Physical Damage
Virtual Event
Top Collision Industry Trends to Watch in 2024
On-Demand
Over the last several years, the collision industry has faced unprecedented challenges. Will 2024 produce more of the same?
Enlyte
Case Study
Combat Rising Medical Costs on First Party Auto Claims
Enlyte’s auto bill review solution reduced the medical bill by an average of 80%— so our customer pays 20 cents for every dollar charged.
Auto Physical Damage
Podcast
Episode 10: Collision Claim Trends and What to Expect in 2024
What keeps carriers and collision repairers up at night? In this episode, Ryan highlights the effect of recent collision claim trends—including rising repair costs, parts supply chain disruptions and advancements in vehicle technology—on the auto insurance ecosystem. He also provides a sneak peek at the four trends to watch for in 2024.
Auto Physical Damage
Article
Plugged-In: EV Collision Insights Q3 2023
Electric vehicle (EV) repairable claims frequency rose to 1.86% in the U.S. and 3.14% in Canada in Q3 2023—up a modest 0.37% and 0.50% respectively from Q2. Tesla, the world’s largest EV manufacturer, accounted for over 70% of the EVs repaired in North American collision facilities last quarter.
Auto Physical Damage
News Release
Mitchell Reports a Lower Total Loss Rate for Electric Vehicles
Mitchell 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.