Insights
Mitchell Collision Repair Industry Data: Q4 2017
March 17, 2018
6 MIN READThe initial average appraisal value, calculated by combining data from all first and third-party repairable vehicle appraisals uploaded through Mitchell systems in Q4 2017, was $3,151. Continued development suggests a final Q4 2017 average appraisal value of $3,184, which represents an increase of $67 compared to the same quarter last year.
Total Loss: Q4 2017
March 17, 2018
1 MIN READTotal loss data for both vehicle age and actual cash value of total loss vehicles processed through Mitchell servers.
Canadian Collision Summary: Q4 2017
March 17, 2018
3 MIN READThe average gross initial appraisal value, calculated by combining data from all first and third party repairable vehicle appraisals uploaded through Mitchell Canadian systems in Q4 2017, was $4,184, a $43 increase from Q4 2016. Factoring for development yields an anticipated increase to $4,229.
The New Repair Network
February 28, 2018
6 MIN READThe repair network of today is not your grandfather’s or your father’s repair network; in fact it may not even be your older brother’s repair network. Vehicles are becoming more sophisticated with every new model that rolls off the production line. They’re no longer merely a mode of transportation—they’re complex computer networks on wheels.
Understanding Predictive Analytics For Workers' Compensation Data Analysis
February 21, 2018
6 MIN READAs technology evolves, several key ideas continue to permeate our conversations. One of the most exciting topics in 2018 is the application of predictive analytics in insurance and claims handling in particular. Unlike many of the broader terms in the industry (i.e. artificial intelligence, big data and InsureTech), predictive analytics has specific and practical workflow applications today and continues to be an industry game changer.
Motor Vehicle Markets Q4 2017
February 7, 2018
3 MIN READWe recap the motor vehicle markets trends from Q4 2017, highlighting the best-selling U.S. cars, trucks, and current used vehicle market conditions.
Artificial Intelligence: 7 Tips for Success
January 17, 2018
1 MIN READNews and predictions about how artificial intelligence will shape the insurance industry are popping up almost every day. The infographic below highlights seven tips for working with artificial intelligence, including limitations, opportunities and emerging trends that you should keep in mind to better position yourself (and your company) for success.