Au­to­mo­bile

Finweek English Edition - - ENTREPRENEUR -

car un­driv­able. How­ever, such a car would gen­er­ally be re­paired along with cars re­quir­ing struc­tural work, re­sult­ing in in­creased re­pair time.

“This nor­mally re­sulted in higher costs for in­sur­ers par­tic­u­larly when there was a hire ve­hi­cle on the pol­icy. Our aim was to re­duce those costs and in­con­ve­nience by com­plet­ing the re­pairs within a week,” says Sch­ef­fer. “There was also a gap in the mar­ket for a trans­par­ent sys­tem where in­sur­ers and clients could track ex­actly what was hap­pen­ing to their ve­hi­cles on a daily ba­sis,” says Sch­ef­fer.

To­day, the Au­tomagic group con­sists of 36 stand-alone fran­chises and 24 au­tho­rised agents. Au­tomagic cur­rently re­pairs in the re­gion of 60 000 ve­hi­cles per year, with the ma­jor in­surance

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