Mitchell Issues Third Quarter 2018 Industry Trends Report
The Latest Technology Trends, Industry Insights, Data and Analyses on the Property &
Insurance Risk in the Age of Automation: New Hazards and Opportunities for Insurers in the Internet of Things
As the world moves beyond the Information Age and into the Age of Automation, the exponential evolution of technology continues proliferating at an unprecedented pace. These technology-driven advancements present limitless opportunity, and are paving the way for previously unthinkable possibilities. These include self-driving cars, usage-based insurance plans, sensor-enabled smart pills, and 5G-enabled, remotely controlled robotic surgeons, to name a few. But these new technologies have far-reaching implications and present never-before-seen challenges within the Property & Casualty and collision repair industries.
In this edition of the Industry Trends Report, Mitchell CEO
“We live in a world where almost everything can have a sensor embedded in or associated with it that collects data about the activities and environment around it. There is much more data available for actuaries and risk managers to analyze and provide surety against,” explains Sun. “With the capability we have today to measure practically anything, the universe of transactions to insure is much larger.”
The Casualty Edition—The Power of Perspective: Seeing the Full Picture of a Claim
This quarter’s Casualty edition explores the importance of having a complete, objective view in its feature article, “The Power of Perspective: Seeing the Full Picture of a Claim.” In this article,
“How Technology Can Address Medical Management,” addresses how, in today’s age of innovation, data and automated technologies may be the keys for managing and improving medical management for workers’ compensation claims. Mitchell Vice President
The latest ITR is packed full of key industry insights and useful information, including information about recent trends in pharmacy and prescribing, as well as newly-published data on workers' compensation and auto casualty medical costs.
The Auto Physical Damage Edition: Ten Tips Every Estimator Should be Following
As each model year brings technical advancements, vehicles get more complex and difficult to repair. Creating an outstanding blueprint to automotive repair is an integral part of performing a proper and safe repair. In this quarter’s Auto Physical Damage edition of the ITR,
As
The latest report is also packed full of key industry insights and useful information, including Mitchell’s extensive collision repair and total loss data, rental data for repairable vehicles, and an in-depth look at the Canadian collision summary report.
About the Industry Trends Report
Now in its 17th year, Mitchell's ITR reaches more than 30,000 collision and casualty industry professionals and provides meaningful visibility into data-driven trends in the P&C and collision repair markets. The complete reports are available at https://www.mitchell.com/news/industry-trends-reports.
For further collision repair and property casualty industry updates and perspectives, follow Mitchell on Twitter @Mitchell_Intl, @MitchellClaims, @MitchellRepair, @MitchellPBM and LinkedIn.
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Symbility Redesigns Claims Connect, Their Flagship Product, To Improve The Property Insurance Claims Process
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