Designed to Help Industry Deliver Safe and Proper Repairs to Today's Increasingly Complex Vehicles
The quarterly LOR summary is produced by Enterprise Rent-A-Car. Through its ARMS® Automotive Suite of Products, Enterprise provides collision repair facilities with free cycle time reporting with market comparisons, free text/email capability to update their customers on vehicle repair status, and online reservations. More information is available at armsautosuite.com.
From pedestrian detection to lane departure warnings, Advanced Driver Assistance Systems (ADAS) are quickly becoming standard. Today there are nearly 64 million automobiles with ADAS on U.S. and Canadian roads. While the added safety features are designed to protect consumers by reducing accidents and fatalities, they introduce new challenges for collision repairers. Among the biggest obstacles to a proper repair are training and technology.
The concept of Extended Reality (XR) conjures up images of virtual computer worlds built as an escape from everything around us. Considering what 2020 has been like so far, that might seem pretty attractive, but extended reality provides us so much more than just an escape. It can be a teacher, tour guide, trainer or an assistant. XR is an umbrella term that encompasses both augmented and virtual reality. It’s rapidly moving out of the hands of gamers and into the world at large.
For the past few years, the insurance industry has become increasingly concerned that many of its most experienced adjusters are thinking about retirement. As many of our most veteran employees are getting ready to walk out the door, the industry needs to not only find a way to retain all of their invaluable expertise, but also make changes to attract, train and retain more young workers to take their place. The COVID-19 pandemic has only sped up the need for the industry to adapt. Let’s take a closer look at three main factors affecting today’s insurance industry workforce.
Peanut butter and jelly. Bacon and eggs. Coffee and cream. It’s hard to imagine one without the other. In fact, most would agree that they’re better together than apart. When it comes to business, the same can be said of great partners. Through shared vision and collaboration, successful partnerships have the power to delight customers, meet market needs and spark long-lasting transformation with the introduction of new, innovative solutions. Like any other market, the automotive insurance sector is dependent on fruitful alliances, especially those that use technology to enhance the claims process.
Building on a May rebound, wholesale prices in June rose by nearly 10% month-over-month.