California, United States — Enlyte has released its 2022 Enlytened Trends Report, providing insurance and automotive executives with insights on auto, casualty and workers’ compensation in an increasingly complex industry.
“Whether it’s workforce changes, inflation, supply chains or politics, each new challenge to our industry comes with an opportunity for growth and improvement for the people we serve,” said CEO of Enlyte, Alex Sun.
“Our subject matter experts are taking a closer look at the trends that shape our industry’s decision-making today, offering strategies to help them navigate whatever comes next.”
Ultimately, these findings provide strategies which industry leaders can use to overcome difficult issues and meet future goals.
Enlytened’s chapters include:
Managing social inflation in a talent crisis — A trend in rising claims costs due to increased litigation settlements, larger jury awards, growing anti-corporate bias and aggressive tactics used by plaintiff attorneys.
Fact and fiction in claims automation — Experts explain its historic overselling, its current state, and what’s next for estimate automation.
Increasing drug price transparency — Legislative and regulatory activity can impact pharmacy benefit managers operations, directly impacting workers’ compensation.
Workplace violence — Incidents of violence remain a leading cause of occupational injuries, and experts offer approaches to manage traumatic stress within the organization.
Growing electric vehicle (EV) adoption— With EV adoption at a tipping point, experts reveal what insurers and collision repairers should know about EVs and its impact on claims, repair processes and costs.
Changing politics — The mid-term election has yielded a new wave of legislators in state capitals across the U.S., and experts explain how this affects future compensation and auto physical damage legislation.
Return-to-work delays— When a workplace injury occurs, focus is placed on healing the affected body part, but specialists say this approach missies a key component to quicker recovery.
Click here to read the full edition.