CCC Information Services Inc. announced total revenue was $157.8 million for the first quarter of 2021 ended March 31, compared to $159.2 million for the first quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 7% in the first […]
CCC Expanding Electronic Payment Platform to Enable Insurer Payments to Business Partners
CCC Information Services Inc. (CCC), announced plans to launch an enterprise payments platform to power electronic payments across the insurance and automotive ecosystem in the second half of this year. The company aims to expand its CCC Payments capabilities to enable digital payments between insurers and their business partners, reducing administrative costs and cycle time […]
CCC Announces Straight-Through Processing Estimating Platform
CCC Information Services Inc. announced it plans to deliver on the industry’s vision for straight-through auto claims processing with the launch of CCC Estimate – STP that will previewed at CCC’s conference in May. CCC Estimate – STP will employ advanced AI, insurer-driven rules, and CCC’s network connections to automatically initiate and populate predictive, detailed, […]
CCC Introduces Redesigned Repair Methods with Enhanced OEM Data
CCC Information Services Inc. (CCC) announces today the redesign of CCC Repair Methods, launching the solution with General Motors (GM) as the first OEM. CCC Repair Methods now includes OEM repair procedures displayed as the OEM presents information in its own repair procedure guides. In addition, CCC Repair Methods includes a new user interface, allowing […]
CCC Publishes Annual Crash Course Report
Report quantifies how Covid-19 massively reshaped behaviors across the P&C insurance experience. Plans quarterly updates in 2021. CCC Information Services Inc. (CCC) today published its Crash Course 2021, revealing insights on the business, consumer, environmental, and technology trends shaping the P&C insurance economy. The report provides a view of how Covid-19 reshaped the industry with […]
CCC Information Services First Collision Industry Foundation Annual Donor
The Collision Industry Foundation (CIF), the charitable arm of the collision repair industry, announces today that CCC Information Services Inc. (CCC) is the first organization to support its Annual Donor Program. Introduced last month, the program is designed to bring needed, recurring resources to the foundation, so it can deliver on its mission to answer […]
Shivani Govil Named Chief Product Officer at CCC
CCC Information Services Inc. announced the appointment of Shivani Govil as Chief Product Officer. Govil will lead the company’s product strategy, product management, and marketing functions and advance the company’s strategic vision of delivering AI, IoT, customer experience, and network management solutions. The CCC Cloud connects 30,000 businesses across the multi-trillion-dollar P&C insurance economy including […]
CCC Reports 50% Increase in AI Adoption by Auto Insurers in 2020
CCC Information Services (CCC) reported a more than 50 percent year-over-year increase in claims processed using deep learning. The company also reports that more than 5 million unique claims have been processed using a CCC deep learning AI solution, and the number of claims using two or more of its AI applications has more than […]
CCC Information Services to Go Public Through SPAC Merger
Will merge with a special purpose acquisition company formed by Dragoneer Investment Group that places an approximately $7 billion value on the company. CCC Information Services Inc. and Dragoneer Growth Opportunities Corp. (NYSE: DGNR), a special purpose acquisition company (SPAC) formed by an affiliate of Dragoneer Investment Group, announced a merger agreement between Dragoneer and […]
CCC Reports December Repairable Appraisals Down Over 19% Compared to 2019
49 states saw declines during the month. The latest CCC Auto Claims Snapshot for December 2020 indicates that the resurgence in the pandemic impacted claims for the month as the decline in claims was higher than its November report. For the month, CCC reports that repairable appraisals in December were down 19.5% compared to 2019. […]
- 1
- 2
- 3
- 4
- Next Page »