F&P expands Solera partnership with Sustainable Estimatics
Solera, a global leader in vehicle lifecycle management, has today announced that F&P, the Danish trade association for insurance companies and pension funds, has extended its strategic partnership with Solera by integrating its Sustainable Estimatics tool into the Autotaks platform.
With more than 700,000 insurance claims every year in Denmark running through Autotaks, F&P’s proprietary claims management platform, the integration of Solera’s Sustainable Estimatics API will allow every insurer in the country to track and offset the carbon emissions created through different processes in a vehicle’s life span – including Scope 3. This move sets a new standard in the country and worldwide, covering 100% of auto claims and aligning with Denmark’s commitment to be carbon neutral by 2050.
F&P integrates Sustainable Estimatics
Due to the EU’s Corporate Sustainability Reporting Directive (CSRD), many countries will require businesses to track and report their emissions by 2025. Sustainable Estimatics is the only motoring insurance-specific solution to make it possible to analyse Scope 1, 2, and 3 CO2 emissions, allowing organisations to both understand and present credible and verified carbon emission figures. Insurers will also be able to review dashboards to analyse their overall collision repair footprint and benchmark against country specific, and industry-wide data.
Peder Herbo, director of Autotaks at F&P, said:
“We are pleased to extend our partnership with Solera, integrating its industry-first solution into our Autotaks platform. Solera’s solution is ISO-14064-01 accredited, so not only does it provide the wealth of data offered by Solera, but we know its data has been verified as trusted to provide the accuracy we need. It will enable us to set a new standard for measuring the CO2 emissions of auto insurance claims across the entire country, supporting the industry in reducing its carbon footprint and improving efficiency.”
One of the standout features of Solera’s Sustainable Estimatics solution is its approved use of data from OEMs to accurately assess vehicle damage after a collision. Through the Autotaks platform, it can now identify the affected parts and adjust it to fit all Danish requirements, such as repricing, giving insurers in the country the greatest increased accuracy. This process ensures a smooth and efficient workflow between insurers, body shops, and end-customers.
Strategic partnership
Franck Carpentier, international channel sales and operations director at Solera, said:
“Denmark is already at the forefront of countries leading the charge on measuring and reducing carbon emissions
,and understanding its role in the claims process will be critical to this. This will not only positively impact the environment, but also help insurers improve efficiency across the entire claims process.“Through this strategic partnership, Solera will further extend the measurement of all CO2 emissions emitted as the result of a repair. This will enrich its global data lake data from Denmark and enhance its unique position to provide the most accurate view of CO2 emissions connected to vehicle repair. We look forward to integrating this technology into even more businesses in future.”
