Mitchell International announced that Elephant Insurance (Elephant) selected the company's WorkCenter Total Loss valuation product. Elephant is the new U.S. auto insurance brand of one of the fastest growing insurance companies in the U.K., Admiral Group. Elephant said it will partner with Mitchell because its WorkCenter Total Loss product generates fair, market-driven total loss vehicle values. "As a startup, Elephant places a premium on partners who are able to give us a competitive advantage in the U.S. collision repair marketplace in terms of costs, efficiency, claims accuracy, and customer service. Mitchell's WorkCenter Total Loss delivers it all, in addition to ensuring regulatory compliance in those states where we operate," says Andrew Rose, president & CEO, Elephant. "Since total loss claims can be disruptive for customers, Elephant intends to settle them quickly and accurately. WorkCenter Total Loss helps our clients get back on the road faster because the solution was developed in partnership with J.D. Power and Associates, a brand which American consumers recognize and trust," Rose added. WorkCenter Total Loss produces vehicle valuations that utilize comparable vehicles from consumer recognizable brands. This eliminates the "black box" feel of other total loss valuation systems and results in higher first call settlement rates for carriers, the company said. "We are pleased to welcome Elephant Insurance to the U.S., and look forward to helping this exciting young company grow and succeed," says Marc Brungger, executive VP at Mitchell International. "Mitchell's WorkCenter Total Loss product allows Elephant's adjusters to settle claims efficiently using an intuitive and powerful methodology. The final report format allows the customer to easily understand the rationale behind the vehicle valuation." WorkCenter Total Loss is a statistically driven, fully automated single solution that optimizes the total loss claims settlement process. WorkCenter Total Loss is available via the web or as a stand-alone, desktop application. Elephant, founded in 2009, is a newly formed direct to consumer automobile insurance company. It is located in Richmond, Va. Elephant Insurance Services LLC is a wholly owned subsidiary of Admiral Group PLC.
| |||||||||||||||