BEIJING, Oct. 26, 2015 /PRNewswire/ -- CESVICHINA Vehicle Research Center, a joint venture of Solera Holdings, Inc. based in Westlake, TX USA and MAPFRE Insurance Group, headquartered in Madrid, Spain, officially opened today in Beijing. As the first third party automotive insurance research center funded by global leaders in insurance and technology, CESVICHINA will leverage its global expertise and research capabilities to drive technology-focused innovation and invest in China's automotive insurance industry.
Along with the announcement, an Innovation for Greater Possibilities themed grand opening ceremony was held at the CESVICHINA research facility in Beijing Goldenport Motor Park. Chief executives from the leading insurance companies and automotive OEMs as well as key opinion leaders attended the ceremony and participated in traditional and non-traditional grand opening events while engaging in discussion around the future of China's automotive insurance industry.
"This center will enable the creation of mutually beneficial partnerships among car manufacturers, repair shops and insurers while leveraging global expertise to drive innovation through better data, training and processes." Said Mr. Tony Aquila, founder, Chairman and CEO of Solera. "This will result in a smarter, safer and more advanced auto industry in China."
Established in December 2014, CESVICHINA inherits its rich technology DNA from Solera and MAPFRE. With an area of over 3,500 m2, CESVICHINA will leverage the resources and global industry leadership of both companies to provide insightful research and extensive consulting services to the China market, including training and capability assessment consulting, standard labour time research, group rating, body shop certification and road traffic accident re-construction.
Mr. Zhang Xiaoming, Managing Director of CESVICHINA, said "CESVICHINA is equipped with the mature global methodology and the cutting-edge technology tools required to provide leading services and analysis to cater for local needs. With the new phase of the industry's development, CESVICHINA will leverage its strengths to facilitate the premium reform and drive healthy development by playing the role of an industrial hub."
CESVICHINA will assist industry development through the following key approaches:
1. Training and Capability Assessment Consulting: Systematic training on vehicle repair technology and practice for medium to senior level assessors and auditors, together with insurance knowledge and collision repair estimation technique training for body shops, will improve the professional level of personnel and quality of service.
2. Standard Labour Time Research: By leveraging over 30 years of its research experience in collision repair standard labor time analysis, CESVICHINA has launched its research development and training consulting service for insurance companies and automobile manufacturers, creating industry common standards for insurance companies and repair facilities in the areas of labour times and dispute resolution.
3. Group Rating: The group rating system takes into consideration vehicle body structure, parts performance, price of frequently damaged parts and repair labour time. CESVICHINA aims to bring the global experience into China, enhancing risk management capabilities and profitability of the insurance industry.
4. Body Shop Certification: CESVICHINA will introduce the unique and scientific body shop certification system developed by CESVIMAP and well adopted around the globe. The system will assist insurance companies in establishing a more scientific repair partner selection and assessment system thus enhancing efficiency and quality of repair.
"To simplify and facilitate the repair process will translate to better customer experience for insurers, repair shops and car manufacturers." Said Mr. Antonio Huertas Mejías, President and CEO of MAPFRE Insurance Group. "A win-win situation that makes us look to the future with enthusiasm and to renovate our commitment to the Chinese market in the years to come."
About CESVICHINA
CESVICHINA is a joint venture of Solera Inc. and Mapfre Insurance Group. Established in December, 2014, CESVICHINA Vehicle Research Center offers training, standard repair time research, bodyshops certification and other vehicle insurance related third party research consulting services to the insurance and automotive industry. The research center is based in Beijing Goldenport Motor Park, a convenient location with close proximity to the airport, vehicles sales and service facilities of over 20 major brands and a F3 race track. CESVICHINA's 3,500 m2 facility is equipped with professional training classrooms and research areas for labour times, vehicle parts, alternative energy vehicles and accident reconstruction.
About Solera
Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global property and casualty insurance industry. Based in Westlake, Texas, Solera is active in over 75 countries across six continents. The Solera companies include: Audatex in the United States, Canada, and in more than 60 additional countries; HPI, CarweB and CAP Automotive in the United Kingdom; Informex in Belgium and Greece; Sidexa in France; ABZ and Market Scan in the Netherlands; Hollander, serving the North American recycling market; AUTOonline, providing salvage disposition in a number of European and Latin American countries; IMS, providing medical review services; Explore, providing data and analytics to United States property and casualty insurers; Identifix, providing solutions for the service, maintenance and repair ("SMR") market; AutoPoint and DMEautomotive, providing data-driven tools to enhance SMR experiences and facilitate customer retention and marketing solutions for the retail automotive industry; and I&S, a provider of software and business management tools, third-party claims administration, first notice of loss and network management services to the U.S. auto and property repair industries, specializing in glass claims. For more information, please refer to Solera's website at www.solera.com.
About MAPFRE
MAPFRE is a global insurance group present in 49 countries across five continents. It is the leader in Spanish market, the largest multinational insurer in Latin America and among the top 10 European insurance companies by premium volume. MAPFRE employs more than 37,000 people and has over 27 million customers worldwide. In 2014, the MAPFRE Group had net earnings of $1.1 billion with revenues of approximately $35 billion. For more information, please refer to the company's website at www.mapfreinsurance.com.
About CESVIMAP
CESVIMAP is a MAPFRE subsidiare and the Worldwide leader research center on automotive issues related insurance industry. Based on Ávila, Spain, has branches in France, Argentina, Brazil, Colombia, and México. Research findings are disseminated to the insurance industry, car manufacturers, repair shops, tools, equipment, and products for car repair industry. Also is focused in road safety and car security. It has an intensive collaboration with governmental bodies, foundations and professional associations linked with these matters.
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SOURCE Solera
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