BEIJING, Oct. 29, 2015 /PRNewswire/ -- CESVICHINA
Vehicle Research Center ("CESVICHINA"), a joint venture of Solera
Holdings, Inc., based in Westlake,
TX USA and MAPFRE Insurance Group, headquartered in
Madrid, Spain, today announced it
signed the center's first strategic cooperation agreement with the
Insurance Society of China, the
nation's only academic association for research and policy
analysis in the insurance industry. The agreement will set the
foundation for broader collaboration among Chinese insurers by
leveraging and transferring intelligence from global CESVIMAP
research centers into the Chinese market.
As a third party automotive insurance research center, CESVIMAP
and its new Beijing-based
facility, CESVICHINA, delivers increased efficiency by creating
industry standards in claims management, delivering valuable
insights through research and providing extensive consulting
services to the global insurance market. The centers also supports
local education through training and capability assessment
consulting, including standard labor time research, group rating,
body shop certification, and road traffic accident
re-construction.
The agreement between CESVICHINA and the Insurance Society of
China will permit both parties to
share resources, conduct research and facilitate discussions
related to the rapidly expanding and evolving automobile insurance
business in China, such as how to
respond to new technology challenges posed by the next-generation
of sophisticated and computerized automobiles.
"We are very honored and pleased to enter into this agreement
with the Insurance Society of China," said Mr. Zhang
Xiaoming, General Manager of CESVICHINA. "Together, we will
introduce advanced global concepts and standards for the healthy
development of China's automobile
insurance industry."
The Insurance Society of China
said, "Through this cooperation, we will leverage CESVIMAP's global
experience and research capabilities to help build industry
standards and share learnings with all members in support of the
prosperity of insurance theory."
The research is designed to specifically address the current
development stage of the Chinese automobile market and will
include:
a) Research and development of the repair cost index of
insurance claim payments.
b) Research targeted to identifying and addressing risk factors
related to insurance claims involving new energy vehicles
c) Research related to the development prospect of
telematics and UBI, its path of development and its effects on the
auto insurance market.
The agreement comes on the heels of the CESVICHINA Vehicle
Center grand opening event on October
26 in Beijing Goldenport Motor Park. The dedication ceremony
welcomed chief executives from the leading insurance companies and
automotive OEMs as well as key industry opinion leaders and spurred
discussion around the future of China's automotive insurance industry.
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 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.
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.
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SOURCE Solera Holdings, Inc.
