Latest report examines current trends and offers forecast to help drive improved business decisions
SAN DIEGO, CA— August 11, 2015—Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, today announced the availability of its Industry Trends Report (ITR) for the third quarter of 2015. The report identifies and evaluates the latest industry trends, while comparing current market data to historical figures. This information helps P&C insurers, bill reviewers, payers and auto body repair shops better understand the landscape and make improved business decisions.
The ITR’s two editions address timely concerns of the auto physical damage and casualty industries.
The Auto Physical Damage edition
Taking a different approach to repairable estimates, Greg Horn, Vice President of Industry Relations at Mitchell, analyzes the top 10 parts most damaged in repairable collisions as identified by insurance appraisers, body shops and independent appraisers. The Auto Physical Damage edition goes one step further by uncovering the frequency with which the parts involved in these repairable collisions are replaced versus repaired, what material each part is typically made of and what conclusions the industry can draw from these correlations and figures.
A Mitchell webinar, “Industry Trends Live,” on the Auto Physical Damage edition of the report will take place August 13, 2015. Horn will provide a deeper look into the trends, information and studies highlighted in this quarter's ITR. To sign up for the webinar, visit go.mitchell.com/register.
The Casualty edition
While many view ‘regulatory compliance’ as saturated, complex and confusing, remaining compliant with current regulations is central to casualty claims. In fact, regulatory compliance can both drive decision-making and shape legislation that affects the entire casualty claims industry. This makes it critical to stay up-to-date with regulations in place.
In this edition, Mitchell’s Trevor Davis, Director of Regulatory Affairs and Out of Network Solutions and Michele Hibbert-Iacobacci, CMCO, CCSP and Vice President of Management & Support, discuss current casualty claims trends in terms of regulatory compliance and speak specifically to the ways Mitchell’s solutions are on the cutting edge of each trend. Davis and Hibbert-Iacobacci touch upon regulatory compliance as it affects bill review, workers’ compensation negotiations, fee scheduling and more.
First published in April 2001, Mitchell's ITR now reaches more than 33,000 collision and casualty industry professionals and provides meaningful visibility into data-driven trends in the P&C market. The complete report is available at www.mitchell.com/industry-trends-report.
For further collision repair and property casualty industry updates and perspectives, follow Mitchell on Twitter @MitchellClaims and @MitchellRepair.
About Mitchell International
Mitchell International, Inc. is uniquely positioned to simplify, enhance and accelerate claims handling processes across the P&C industry through deep workflow solutions that include unparalleled access to data, advanced analytics and decision support tools. Our expert workflow and adjusting solutions advance the claims management process by enabling automotive physical damage, bodily injury and workers' compensation clients to process claims more accurately, consistently, and cost-effectively.
Mitchell's solutions provide an expert level of decision support and connectivity within the claims organization and with industry partners to achieve optimal outcomes. Mitchell's comprehensive solution portfolio and robust SaaS infrastructure enables tens of millions of electronic transactions to be processed each month for over 300 insurance companies, including the majority of the top 25 insurance carriers, and over 30,000 collision repair facilities. With an expanding global footprint, Mitchell products are currently utilized in the Americas, Europe and Asia. Mitchell is headquartered in San Diego, California, and has approximately 2,000 employees. For more information, please visit www.mitchell.com.