The Collision Industry Electronic Commerce Association (CIECA) announced its next CIECAst webinar, This Changes Everything: The Impact of New Technologies on the Auto Physical Damage & Claims Ecosystem – What Repairers and Other Collision Industry Stakeholders Need to Know, will be held on Tuesday, November 12th at noon EST and feature Stephen Applebaum, managing partner […]
BASF Seeks to Strengthen Refinish Business with Acquisition of Belgian Internet Accident Management Service and Vehicle Lifecycle Management Platform
BASF announced September 30 that it acquired a majority share of the internet platform UBench with offices in Turnhout and Geel, Belgium. Both companies have agreed not to disclose financial details of the transaction. The transaction includes UBench International NV, CarRoll BVBA and DLight BVBA. Regulatory approvals are not required. BASF says the transaction strengthens […]
Mitchell Third Quarter Industry Trends Report Examines Claim Automation, Economic Trends Impacting Claims and Collision Repair
Mitchell International today released its Industry Trends Report (ITR) for the third quarter of 2019. In this quarter’s report, Mitchell executives share insights on leveraging emerging claims technology to improve strategic decision-making. The report also looks at how current positive economic trends coupled with the growing cost and value of cars are increasing the frequency […]
Verisk Acquires UK-Based ClaimsTech Validus-IVC
Verisk (NASDAQ:VRSK) announced it has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the UK, verify. Validus-IVC has offices in Norwich and Bath, United Kingdom. The integration of Validus-IVC’s verify platform with Verisk’s global claims analytic services will allow customers to take advantage of enhanced analytic and […]
Mitchell Announces Blockchain Solution for Collision Repair Industry Data Sharing
Solution would link insurers, vehicle manufacturers, repairers, suppliers, and other industry participants. Will demonstrate technology at event in Palm Springs, Calif. today. Mitchell International, Inc. announced it will soon release a secure solution for sharing data among users within the collision repair and insurance claims industry that uses blockchain technology to provide a highly secure, […]
CCC Launches Connected Data Exchange
Announces 14 new companies are lined up to join its network to share connected vehicle and telematics data. CCC Information Services Inc. announced today the availability of CCC X, a data exchange that helps convert connected data into actionable insights and makes it available for use across the CCC network. CCC also announced today that […]
ACD Adds Video Solution to Reduce Supplement Cycle Times
ACD is making the supplement process even easier for auto insurers who utilize ACD’s AutoLink virtual claims workflow platform. With ACD’s MobileSup technology, repairers can now document supplemental damage with video and alert the original appraiser in real-time to eliminate the need for a reinspection. In many cases what previously could take days can now […]
Metromile Announces Artificial Intelligence Claims System Using Sensor Data
Pay per mile insurer announced a new claim application it hopes will provide a frictionless experience enabling claims to be verified and paid out quickly. Metromile, a pay-per-mile car insurance provider in the U.S., is launching its new automated system powered by their AI smart claims assistant, AVA. According to the company using its Pulse […]
Mitchell Artificial Intelligence Partner Tractable Secures $8 Million Investment
Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]