Denmark’s insurance industry will now have the ability to measure Scope 1, 2, and 3 CO2 emissions throughout the vehicle claims process.
In an announcement on October 17, 2024, Solera revealed that F&P, the Danish trade association for insurance companies and pension funds, has expanded its collaboration with Solera by incorporating the Sustainable Estimatics tool into the Autotaks platform.
Through the integration of Solera’s Sustainable Estimatics API into F&P’s Autotaks claims management platform, Denmark’s insurance industry will be able to track and offset the carbon emissions produced during a vehicle’s life cycle, including Scope 3 emissions. This groundbreaking initiative sets a new standard in the country and globally, as it covers 100% of auto claims and aligns with Denmark’s ambitious goal of achieving carbon neutrality by 2050.
The EU’s Corporate Sustainability Reporting Directive (CSRD) will soon mandate businesses to monitor and disclose their emissions by 2025. Sustainable Estimatics offers the only auto insurance solution capable of analyzing Scope 1, 2, and 3 CO2 emissions, enabling organizations to comprehend and present reliable carbon emission data. Insurers can also use dashboards to assess their collision repair footprint and compare it to country-specific and industry-wide data.
“We are pleased to extend our partnership with Solera, integrating its industry-first solution into our Autotaks platform” said Peder Herbo, director of Autotaks at F&P. “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.”
Solera’s solution stands out for its ability to use OEM data to accurately assess vehicle damage after an incident. With the Autotaks platform, it can now identify affected parts and adjust them to meet Danish requirements, such as repricing, providing insurers in the country with increased accuracy. This streamlined process ensures a smooth and efficient workflow between insurers, body shops, and end-customers.
„We’re proud to extend our partnership with F&P, a market leader that shares our commitment to shaping a more sustainable automotive industry. 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.
Franck Carpentier, International Channel Sales & Operations Director at Solera, stated,
Solera, the global leader in vehicle lifecycle management, today announces 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 over 700,000 insurance claims every year in Denmark running through F&Ps proprietary claims management platform, Autotaks, 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 the World, covering 100% of auto claims and aligning with Denmark’s leading commitment to sustainability goals to be carbon neutral by 2050.
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 auto insurance specific solution to make it possible to analyze 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.
“We are pleased to extend our partnership with Solera, integrating its industry-first solution into our Autotaks platform” said Peder Herbo, director of Autotaks at F&P. “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 solution is its approved use of data from OEMs to accurately assess vehicle damage after an incident. 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.
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.”
O Solera
Solera é líder global em software como serviço, dados e serviços de gestão do ciclo de vida do veículo. Através de quatro linhas de negócio – reclamações de veículos, reparos de veículos, soluções de veículos e soluções de frota – Solera abriga muitas marcas líderes no ecossistema do ciclo de vida do veículo, incluindo Identifix, Audatex, DealerSocket, Omnitracs, LoJack, Spireon, eDriving/Mentor, Explore, cap hpi, Autodata, entre outros. Solera capacita seus clientes a ter sucesso na era digital, fornecendo-lhes uma solução „tudo em um” que simplifica operações, oferece análises baseadas em dados e melhora o envolvimento do cliente, o que, segundo a Solera, ajuda os clientes a impulsionar as vendas, promover a retenção de clientes e melhorar as margens de lucro. Solera atende a mais de 280.000 clientes e parceiros globais em mais de 120 países. Para mais informações, visite www.solera.com.
O F&P
F&P – Insurance & Pension Denmark é a associação comercial dinamarquesa para empresas de seguros e fundos de pensão. Representamos 86 empresas de seguros e fundos de pensão que atuam no mercado dinamarquês.
Denmark’s insurance and pension industry is crucial in supporting the welfare state by offering additional security and economic stability for citizens and businesses. Our role is to supplement public welfare services and contribute to the overall growth of the country.
F&P Brancheløsninger P/S is a subsidiary of F&P that specializes in creating and managing IT solutions for the insurance and pension sector. Our flagship product, Autotaks, is utilized by all insurance companies in Denmark. We have a longstanding strategic partnership with Solera, and for nearly 30 years, we have been building the Danish platform using their products.
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