Mitchell International Selected by Elephant Auto Insurance(TM)
Innovative Insurance Upstart Features WorkCenter(TM) Total Loss Valuation Solution for U.S. Launch
SAN DIEGO, CA and RICHMOND, VA--(Marketwire - December 14, 2009) - Mitchell International,
Inc., a leading provider of information, workflow and performance
management solutions to the Property & Casualty claims and Collision Repair
industries, today announced that Elephant Insurance™ (Elephant) has
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 UK, Admiral Group plc. Elephant will be
partnering with Mitchell because its market-leading WorkCenter™ Total
Loss product generates fair, market-driven total loss vehicle values that
are trusted by consumers.
Andrew Rose, President & CEO, Elephant, said, "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."
"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 trusted 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 credibility of the
J.D. Power and Associates brand, coupled with Mitchell's collision repair
industry know-how and technology, eases the settlement process for all
parties, reducing claims cycle time and increasing customer satisfaction.
"We are pleased to welcome Elephant Insurance to the U.S., and look forward
to helping this exciting young company grow and succeed," said 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. For more information, please visit www.mitchell.com.
About Elephant
Elephant, founded in 2009, is a newly-formed direct to consumer automobile
insurance company. The company encourages a climate of individual
contribution,
long-term commitment and profitable growth and believes people who like
what they do, do it better. Located in Richmond, VA, Elephant Insurance
Services, LLC is a wholly owned subsidiary of Admiral Group, PLC. More
information is available at www.elephant.com
About Mitchell International, Inc.
Mitchell International (www.mitchell.com) is a leading provider of
information and workflow solutions to the Property & Casualty Insurance
Claims and Automotive Collision Repair industries. The company's
comprehensive solution portfolio streamlines the entire auto physical
damage, bodily injury and workers' compensation claims processes. Mitchell
enables millions of electronic transactions between more than 30,000
business partners each month to enhance partner productivity,
profitability, and customer satisfaction.