Page Comparison

Background

The objective of the Total Loss Valuation Committee is organized to define industry-wide standards to improve and streamline the Total Loss process, from the identification of the vehicle being a total loss through the final settlement with all appropriate parties, excluding the financial exchanges.  

The Salvage Disposition Committee has included the salvage disposition process.  The Total Loss process generally involves identification of the potential total loss, submission for valuation of the vehicle, receipt of the valuation, and settlement with the vehicle owner.  Also included is the disposition of salvage and total loss reporting which will be coordinated with the Salvage Valuation Committee. 

Traditionally, all communication between Insurance Companies, Information Providers, Adjustors (person who manages the claim settlement), Estimators (Appraisers, person who appraises damage and writes the estimate; staff, independent, body shop, etc.), Salvors, and Vehicle Owners (fleet, etc.) has been done via phone or fax, through websites, or through proprietary and non-proprietary interfaces. 

 The emphasis is to improve customer service in the repair process, being stressed by all segments of the industry.  CIECA’s alignment of Standards Development Committees to the CIECA Products, changed the name of Salvage Committee to Valuation Committee.

Mission

CIECA’s Motor Vehicle Title Valuation Committee’s goal is to develop and maintain messaging standards and codes aimed at shortening total loss help shorten vehicle acquisition and disposition cycle time, make the process more efficient, and reduce the perceived risks by facilitating the electronic transfer of transaction information between all parties.     

All  All business needs will be identified to that will enable electronic communication within the total loss processdisposition process between all parties involved. This development created is to create the tools for participants to enable bi-directional communication of data and messaging capability between all parties.  

Business needs have been identified to enable the valuation requestors and valuation provider’s activities to move electronically between parties.  Having standards, enables the disposition process to incorporate awareness of business partners’ services. 

All  

 Both salvors and salvage providers demand a more efficient and convenient total loss process . Setting for the disposition of vehicles.

 Setting industry developed CIECA standards is an important step toward this goal.

👥 Industry Segments

Adjuster

Data Recipient

Estimator

Information Technology Company

Insurance Company

Recycled Parts Provider

Third Party Administrator

EstimatorThird Party Company

Adjuster

Salvor

Vehicle Owner and Self Insured Company

Recycled Parts Provider

Information Technology Company

Third Party Company

Data Recipient-Insured Company