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Copart – New Claims Management System Provides Full-Service Solution

Copart announces another first in the market, with the launch of their new claims management system ‘ClaimHub’. 

 

Copart - New Claims Management System Provides Full-Service Solution feat

This launch is yet another illustration of our digital strategy continuing to come to life, a strategy that is focused on delivering benefits to insurers across three critical dimensions – customer satisfaction, cost reductions and service speed and efficiency.

Acting as the new technological backbone to our Claims Management service, ClaimHub provides a world-class platform to manage every aspect of the claims journey, from the commencement of the claim all the way through to settlement.

Recently deployed into our Claims Settlement teams, who are housed within Copart’s newly opened Customer Excellence Centre in Bedford, the roll-out of this new system offers improvements to both speed of service and customer experience.

The full-service solution means that Copart can deal with all aspects of the settlement directly with the policyholder, taking them through the full end-to-end claims journey – including payment of the settlement to the policyholder – whilst offering the Insurer total transparency on each and every case.

Given the ability to integrate directly with the Insurer, the claim information can be populated automatically into Copart’s secure claim settlement portal, which means customers can access and review progress on all their policyholders’ total loss claims.

Reporting from ClaimHub is integrated into our expansive reporting suite ‘MiHub’, which gives customers access to real-time insight at a case or macro level.

Iain Wells, Copart’s IT Director, said:

“A vital element of what we help with is enabling a decision and swift resolution to claims. Full system integration gives our customers the ability to send us information directly from their database into ours. It’s instant, secure and ensures accuracy of data. The fully automated process reduces administration time for our customers and speeds up the overall claim and policyholder journey.

We’re very proud of our market-leading unique tech capabilities, and we’ll continue to develop and improve our digital platforms to provide a seamless, industry-leading customer experience.”

As well as providing our customers with full visibility on the progress of their total loss claims, ClaimHub details the full claim history and notes and holds copies of all relevant documents – such as the V5 and engineers report.

It provides real-time information all in one place and all activities are date and time stamped to provide a complete audit trail.

Paula Varley, Director of Copart’s Insurance Division, said:

“ClaimHub is another great example of our commitment to continuous improvement. We know we hold a privileged and trusted position as many of our Insurers outsource their claim handling requirements to us. From inspection reports carried out by our AQP qualified engineers, through to agreeing and making the settlement payment to the policyholder, we’re delighted to offer this fully integrated solution.

Our experienced teams guide the policyholder throughout the whole process, ensuring they receive the best experience in what can be a very traumatic time for them, while also helping to speed up the claim cycle and reduce costs for our customers.”

Copart also offers a range of ‘first response’ services including engineering, recovery and storage cost management and finance and private plate management. Adding ClaimHub to our Claims Settlement service gives yet another benefit to our customers.

Discover more about Copart UK

Source remarketing.copart.co.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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