Insurance Carriers
Experience a smoother workflow and improved bottom line for greater efficiency, consistency, and quality.
Every claim brings its own set of variables. Labour rates vary by location, tax rules change by jurisdiction, and even straightforward total loss calculations can become complex quickly. Add in the pressure to move fast while staying compliant, and small inconsistencies can create bigger issues downstream.
You’re expected to deliver accuracy, consistency, and efficiency all at once. But when your data processes aren’t aligned, it can feel like you’re constantly double-checking work instead of moving claims forward. Luckily, there’s a better way. With the right tools in place, you can simplify calculations, reduce variability, and keep claims moving.
See how OEC makes it easier to manage claim accuracy, compliance, and settlement calculations:
estimate labour rate data samples collected monthly
states and D.C. compliant tax & fee calculations
calculations using precise geocoding down to the address level
RESOURCE
Get Accurate Labour Rates & Tax Data
Struggling with inconsistent labour rates and tax calculations? See how the Geo Labour Rate & Tax Guide helps you access accurate, location-based data to improve consistency and confidence in every claim decision.
Click Download Now to access your own copy!
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Labour Rate & Tax Accuracy
Labour rates and tax calculations vary by location, making it difficult to ensure consistency across claims. OEC’s Geo Labour Rate & Tax Guide provides accurate, location-based labour rates and tax data using geocoding down to the address level. With data sourced from over 1M estimate samples each month, insurers can improve accuracy, reduce variability, and make more confident decisions.
Cost Savings & Risk Reduction
Total loss claims are one of the most complex and scrutinized areas in the industry, where small inaccuracies lead to delays, increased costs, and regulatory risk. OEC’s Total Loss Workbook helps insurers reduce loss adjustment expenses, shorten cycle times, and minimise exposure to audits and legal action by ensuring accurate, compliant calculations. By eliminating manual research and improving settlement accuracy, insurers can save time, reduce rework, and improve overall claim outcomes. In fact, insurers may see hundreds of dollars in savings per claim, driven by reduced adjuster time, lower rental and storage costs, and fewer settlement revisions.
RESOURCE
Simplify Total Loss Calculations
Managing total loss settlements across multiple jurisdictions can be complex and time-consuming. See how the Total Loss Workbook helps automate tax and fee calculations, ensuring accuracy and compliance across all 50 states and D.C.
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Our Collision Shop Products
Geo Labour Rate & Tax Guide
Labour & tax rates differ by state and zip code, making the repair rates difficult to pin down. The OEC Geo Labour Rate & Tax Guide, a cloud-based application, uses location specific information to calculate repair labour & tax rates for any address.
Learn more about Geo Labour Rate & Tax Guide
Total Loss Workbook
Here’s the part where you can calculate compliant state taxes & fees across all jurisdictions. Calculate state taxes and fees based upon vehicle ACV that is compliant across all 51 jurisdictions.
Learn more about Total Loss Workbook