e2e partners with Incited to unlock new insurer opportunities with total loss data
e2e has transformed the way insurer clients can interrogate and apply total loss data to inform business decision making.
Working with Incited, an award-winning provider of data and analytics solutions to the insurance industry, e2e has innovated its management information [MI] and reporting function to deliver clients interactivity with their total loss data which is refreshed every 24 hours. Clients will be able to drill down into the data, select their own data ranges for time series comparison analytics, monitor KPIs and benchmark their results against anonymized, aggregated market data. Built on Incited’s data platform and accessible via a secure, self-service web portal, this user friendly, enriched data and analytics solution offers clients dynamic business insights which are unobtainable from the static month end reports which have been commonly used in the market.
Taking full advantage of its new data platform, e2e will enhance the service further by the end of the year; introducing predictive analytics to enable clients to identify and plan for future probabilities linked to their total loss motor claims. Data lake capabilities built into the platform mean additional data from e2e, including Salvage Market auction data and reclaimed parts data will also be added to the service. Clients will be able to dynamically interrogate and cross analyse all this data on the single platform, gaining a truly holistic overview of their total loss motor claims; enabling strategic reviews, process engineering, cost reductions and improved efficiencies.
Jim Loughran, CEO at e2e said: “The total loss market represents untapped commercial opportunities for insurers and access to high quality data will enable them to identify, evaluate and act on those opportunities. Static monthly reporting simply cannot provide the business insights they need. The creation of our data platform and our new, interactive approach to MI reporting is part of our business strategy to be the premier data-led and technology-enabled provider of salvage claims management and fulfilment services. We are delighted with the feedback from clients who have user tested our self-service portal and declared it ground breaking. We look forward to disrupting the market further with the introduction of predictive analytics and extended, enriched data sets. It’s time to raise the bar.”
Nick Turner, CEO at Incited commented: “The speed to value ratio of the first phase of this data and analytics project with e2e has been really impressive. The appetite in the business for innovation and delivering real change for the market through access to data is voracious. We are delighted to be partnering with e2e and welcome the quality of collaboration they bring to the table. We have an exciting road map of data and analytics solutions to deliver by the end of the year and we look forward to supporting e2e in setting a new ‘data enabled’ benchmark in the total loss market place.”
Copart announces new 33-acre site in Northamptonshire
In yet another strand of their ongoing growth programme, global leader in online vehicle remarketing and recycling, Copart UK, have announced a new Operation Centre in Corby, Northamptonshire.
Plans for a new 33-acre site located at the Rockingham Racetrack will support the company’s growth in the central region of the UK, alongside their existing Operation Centres in Chester, Wolverhampton, and Wisbech.
The site in Corby will enable Copart to increase vehicle storage capacity in this region by 32%.
Continued expansion across the UK is part of Copart’s ambitious growth programme to meet continued demand from their customers, including most of the UK’s major insurance and automotive companies.
This announcement follows recent updates from the company regarding expansions at their existing Operation Centres in Rochford, Westbury, and Wisbech, and the addition of a new 31-acre site in East Kilbride that will double their operational capabilities in Scotland.
Jane Pocock, CEO of Copart UK and Ireland, said:
“We’re very excited to announce our plans to develop a new Operation Centre in Corby, which will provide annual storage capacity for 38,000 vehicles.
“Situated in close proximity to Leicester, Northampton, and Peterborough, Corby is a perfect location to further strengthen our unrivalled operational capabilities in the central region of the UK.
“There will be more announcements to come for our customers as we continue to expand our landbank and our range of industry leading products and services.”
Subject to all relevant planning permissions, Copart anticipates the Operation Centre in Corby to be operational in Autumn 2023
Copart increases vehicle storage capacity by 15% in the West Midlands
Global leader in online vehicle remarketing and recycling, Copart UK, have announced that they are now operating from a 10-acre site in Staffordshire, boosting their vehicle storage capacity in the West Midlands by 15%.
This site will provide the company with storage for an additional 7,000 vehicles per annum in Hixon, Staffordshire.
Located just 30 miles from Copart’s Operation Centre in Wolverhampton, overall vehicle storage capacity for customers operating in the West Midlands will increase by 15%.
This news follows a series of recent land investment announcements from Copart, including new sites in Corby (Northamptonshire) and East Kilbride (Scotland) as well as continued expansion at their Operation Centres in Rochford, Sandtoft, Westbury, and Wisbech.
Jane Pocock, CEO of Copart UK & Ireland, said:
“We’re delighted to boost vehicle storage capacity in the West Midlands as part of our ongoing reinvestment strategy into land, transport, services, and technology.
“With an increasingly diverse UK car parc and extreme weather events becoming more commonplace, especially as we head into the winter months, expanding our provision of storage capacity is vital.
“We’re committed to further developing and expanding Copart’s strategically positioned operational network across the UK, providing close proximity to communities and customers so that we can collect, handle, and store vehicles quickly, efficiently, and with minimal environmental impact.”
ATF Professional Vehicle Recycling Awards 2023 - Celebrating Excellence in the UK Vehicle Recycling Community
The ATF Professional Vehicle Recycling Awards are fast approaching, and to encourage companies involved in the vehicle salvage industry, we are inviting BVSF members to enter and support the awards, with the closing date for entries being just one month away.
There are 15 award categories, and BVSF members are encouraged to enter the Salvage Company Award. Other awards that might be of interest to BVSF members are the Employee of the Year Award and the Community Impact Award.
Entry is free, and each company can enter as many awards as they wish.
BVSF members can also nominate other companies or individuals for the awards. The criteria for all 15 awards, including a guide on how to complete the simple entry form, can be found by clicking here.
The closing date for entries is the 8th of September, and the winner of the awards will be chosen by an independent panel of judges, in which staff from ATF Professional will not be involved. However, ATF Professional will nominate and award the Unsung Hero, Rising Star, and Outstanding Individual awards.
The awards winners will be announced at a gala event on November 9th at the British Motor Museum in Warwickshire. Everyone is invited to attend and celebrate the outstanding achievements of the UK vehicle recycling community.
The evening will begin with welcome drinks in the museum, surrounded by exhibits showcasing the history of British motoring. ASM is generously providing the wine during dinner, and guests will enjoy continuous entertainment leading up to the award ceremony.
Following the announcement of all the winners, there will be ample opportunities to celebrate, reunite with old friends, and make new acquaintances at the after-party.
Silverlake proudly sponsors the thrilling and fun-filled Bucking Bronco, sure to delight all the enthusiastic partygoers. Moreover, the after-party will be complemented by additional entertainment that promises to keep the festivities going late into the evening.
The event is an excellent opportunity to network with other professionals in the field and celebrate and promote the hard work and dedication of the sterling achievement being made by the UK vehicle recycling community, which we hope that every member from BVSF will support and like to take part in.
If you would like to attend on the night, please click here.
We hope to see you there!
Copart Announces 110-acre Super Centre in the North of England
As part of their ongoing growth programme, global leader in vehicle remarketing and recycling, Copart UK, is expanding their Sandtoft site to create a 110-acre UK ‘Super Centre’ in the North of England.
The company has acquired an additional 65 acres of land situated on a neighbouring site to their Sandtoft Operation Centre in North Lincolnshire.
Once works are completed it will become an extension of the existing 45-acre Copart Sandtoft site, with the additional acreage set to more than double their overall vehicle storage capacity for customers operating in the North of England.
Situated just east of the South Yorkshire border, it will now be Copart’s largest vehicle storage and processing centre in the UK, adding to the existing network of ‘Super Centres’ in Bristol, Bury St Edmunds, and Sandwich in Kent.
By enhancing their network of Super Centres, Copart says they are improving storage capacity for anticipated growth in recycling, electric, and hydrogen vehicles, as well as helping to accelerate the diversification of their business into green parts handling following their purchase of Hills Salvage & Recycling – The Green Parts Specialists.
Jane Pocock, CEO of Copart UK & Ireland, said:
“Demand from our customers continues to rise and we’re committed to future-proofing their needs, considering the evolving car parc and the increase in extreme weather events like floods.
“This expansion will increase our annual vehicle storage capacity to over 120,000 at our Sandtoft site, supporting Copart’s continued growth and industry leading services in the North alongside our Operation Centres in Peterlee, Whitburn, and York.
“This investment marks yet another huge step forward for our UK customers and illustrates our ongoing commitment to remaining at the forefront of the industry by continuing to provide market leading services.”
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