Blinded by the Light: The Impact of Advances in Headlamp Technology on Auto Claims
Automotive headlamp technology has progressed tremendously over the past twenty years, rapidly moving beyond sealed beam and halogen headlamp assemblies. The early 2000’s saw the introduction of the first Xenon/HID systems that used pressurized gas to create a brighter and more expansive field of vision for drivers. Such technology was only available as an option on high-end luxury vehicles such as the Mercedes S Class and the BMW 7 Series.
Frequency and Severity Trends in Auto Claims
In late 2018, three of the largest auto insurers in the United States reported decreased frequency and increased severity in third quarter auto claims.
Advanced Driver-Assistance System Trends and Challenges
Automotive safety trends have come a long way from the first seatbelts offered in the 1950s. Today's advanced driver-assistance systems (ADAS) do more than reduce the risk of injuries during a crash; some features are designed to help avoid accidents altogether.
From RPA to Cobots: Automation in Insurance and Collision Repair
The potential impact of automation on the Property and Casualty and collision repair industries has become an increasingly hot topic - presenting challenges and opportunities for claims and insurance professionals. The following is a roundup of three must-know types of automation that have the potential to transform the entire ecosystem, as well as one potential pitfall to be aware of as the world becomes more algorithm dependent.
Safety Rules and Public Sentiment Impede Self-Driving Cars
It may seem that the advancement towards self-driving cars started just a few years ago when the first Tesla with Autopilot rolled off the assembly line. Believe it or not, the “driverless dream” began not long after the birth of automobiles.
How Diagnostics Improve the Auto Insurance Claim Process
Fifty years ago all that you needed to fix a dented vehicle was a hammer and dolly. Flash-forward to today. With an excess of 75 computers and 100 sensors and cameras in complex vehicles, even the most basic collision repairs are more complicated and costly than ever before.
Top Six Benefits IoT Offers the Automotive Claims Industry
Just one poor claims experience will lead more than 30 percent of customers to switch carriers within a year of the incident. How can insurers improve satisfaction during the claims process, make customers’ lives easier and reduce churn?