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Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Jun 02, 2020

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Page 1: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 2: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Deck 2 | Nate Raskin

Smarter Solutions- APD Analytics and the Mitchell Roadmap

Page 3: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Mobile is a Must

Page 4: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

93.5

85.6

78.8

62.7

55.6

42.1

27.6

19.4 17.3

23

28 23.4

0

25

50

75

100

18-24 25-34 35-44 45-54 55-64 65+

Smartphone

Tablet

Monthly Mobile App Hours per User

Source: comScore, 2016 Mobile App Report

Page 5: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

25%

29%

30%

34%

36%

40%

41%

42%

45%

51%

52%

57%

69%

Which In-Car Services Are Important?

Source: Accenture, Connected Vehicle Survey (Global)

Page 6: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

1. Find this session in the Agenda

2. Tap the “Polls” tab

3. Tap the poll question

4. Tap your answer and submit response

Polling Overview

Page 7: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

25%

29%

30%

34%

36%

40%

41%

42%

45%

51%

52%

57%

69%

Which In-Car Services Are Important?

Source: Accenture, Connected Vehicle Survey (Global)

Streaming Music

Surfing the Internet

Notify Traffic/Delays

Allow Passenger to Stop

Collision Warning

Night Vision

Fatigue Warning

Access Social Media

Blind Spot Warning

Read/Dictate Emails

Car-to-Car Comms

Lane-Keeping System

Autopilot

Page 8: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

10 meaning that in-car technology has the greatest influence over the car purchase decision and 1 meaning that the car’s driving performance has the greatest impact on the car purchase decision

What Score Would You Assign Your View?

Source: Accenture, Connected Vehicle Survey (Global)

3% 4% 7% 7%

12% 12% 15%

20%

12%

7%

1 2 3 4 5 6 7 8 9 10

Page 9: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

13%

3%

6%

17%

6%

6%

20%

9%

9%

23%

10%

19%

0% 10% 20% 30% 40% 50%

Received tech updates(no calls to insurer)

FNOL app or web

Submit photos throughmobile app

Gen Y

Gen X

Boomer

Pre-Boomer

2

(5)*

36

(11)

(9)

14

18

16

27

33

22

-20 0 20 40

Incidence CSI Diff (to non-tech group)

Claims Tech Usage

Source: J.D. Power & Associates, 2015 U.S. Auto Claims Satisfaction Study

Page 10: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Settlement & Satisfaction

Page 11: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Customer Experience by Vehicle Condition

60%

23% 17%

870

855

811

780

800

820

840

860

880

0%

20%

40%

60%

80%

100%

Repair Driveable Repair Non-Drive Total Loss

Source: J.D. Power & Associates, 2015 U.S. Auto Claims Satisfaction Study

Page 12: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Cycle Time by Vehicle Condition

Source: J.D. Power & Associates, 2015 U.S. Auto Claims Satisfaction Study

First notice of loss

Next contact with insurer

Appraisal conducted

Informed of settlement terms

Vehicle to repair facility

Vehicle returned to claimant

Claimant paid

1.7 4.8 11.9 19.5

1.6 3.1 6.3

3.0 14.4 12.3

1.7 3.6 6.5 6.2 13.2 12.6

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0

Driveable

Non-Drive

Total Loss

Number of Days

Page 13: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Time to Achieve Settlement

Source: J.D. Power & Associates, 2015 U.S. Auto Claims Satisfaction Study

48% 28% 24% 44% 35% 21% 15% 32% 52%

905

878

828

894

858

816

889 859

770

750

800

850

900

950

0%

20%

40%

60%

80%

3 days or less 4-7 days 8 days or more

Repair Driveable Repair Non-Drive Total LossRepair No-Tow Overall CSI Repair Tow Overall CSI Total Loss Overall CSI

Page 14: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Amount of Settlement

Source: J.D. Power & Associates, 2016 U.S. Auto Claims Satisfaction Study (Waves 1-3)

$7961 $7322 $7442*

$1177 $1699*

$5000

$6000

$7000

$8000

$9000

$10000

Accepted initial offer Succesful negotiation Negotiation denied

Initial Offer Negotiated Amount Desired Amount

Page 15: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Solution Evolution

Page 16: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Performance Analytics MARK’S BODY SHOP

Page 17: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 18: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 19: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 20: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 21: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 22: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Smarts & Parts

Page 23: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

46% $1,399

9.75 33%

of Total Estimate Dollars Part Spend per Estimate

Average Parts Per Estimate Alt Part Dollars of Total Part Dollars

Page 24: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 25: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 26: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen

Machines Aiding

Humans

Source: Peter Bohler for Bloomberg Businessweek | December 16, 2015

Page 27: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 28: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen
Page 29: Smarter Solutions- APD Analytics and the Mitchell Roadmapevents.mitchell.com/mpc2016/wp-content/uploads/2015/10/Smarter... · FNOL app or web Submit photos through mobile app Gen