Mitchell Issues Third Quarter 2015 Industry Trends Report

Mitchell’s 3Q 2015 Industry Trends Report Identifies Top 10 Parts Most Damaged in Repairable Collisions

Report also uncovers the frequency with which the parts involved in these repairable collisions are replaced versus repaired and what material each part is typically made of.

Mitchell recently 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 on August 13th. 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.

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