Insurance Carriers
Experience a smoother workflow and improved bottom line for greater efficiency, consistency, and quality.
Every claim brings its own set of variables. Labor 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:
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Get Accurate Labor Rates & Tax Data
Struggling with inconsistent labor rates and tax calculations? See how the Geo Labor Rate & Tax Guide helps you access accurate, location-based data to improve consistency and confidence in every claim decision.
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Labor Rate & Tax Accuracy
Labor rates and tax calculations vary by location, making it difficult to ensure consistency across claims. OEC’s Geo Labor Rate & Tax Guide provides accurate, location-based labor 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 minimize 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.
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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.
Our Collision Shop Products
Geo Labor Rate & Tax Guide
Labor & tax rates differ by state and zip code, making the repair rates difficult to pin down. The OEC Geo Labor Rate & Tax Guide, a cloud-based application, uses location specific information to calculate repair labor & tax rates for any address.
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.