Labor shortages, supply chain challenges, climate change, and COVID uncertainty reshaping insurance economy trends as showcased in 27th annual edition of industry’s preeminent report CCC Intelligent Solutions Inc. (CCC) today released CCC Crash Course 2022, a data-driven report covering the business, consumer, and technology trends shaping the automotive, claims, repair and collision industries. The report […]
CCC Reports Revenue of $187.1 Million in Fourth Quarter
CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth 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 19% in the fourth […]
CCC Acquires AI-Subrogation Provider Safekeep
Acquisition to advance CCC’s vision for straight-through processing across the claims lifecycle. CCC Intelligent Solutions (CCC) announced it has acquired Safekeep, an AI leader in subrogation claims management technology. Safekeep is an enterprise platform that leverages AI to speed and improve subrogation management across auto, property, workers’ comp, and other insurance lines of business. The […]
Nationwide First Insurer to Equip Field Appraisers with CCC Mobile Appraiser Pro
CCC Intelligent Solutions (CCC) announced the availability of CCC Mobile Appraiser Pro, a native app for appraisers designed to accelerate the claims process by driving efficiency and consistency into field inspections. Nationwide is the first auto insurer to activate CCC Mobile Appraiser Pro. “At Nationwide, it is our strategy to provide customer centered solutions that […]
CCC Reports 8 Auto Insurers Using its AI-Powered Touchless Estimating Solution
CCC Intelligent Solutions (NYSE:CCCS) today reported a 50 percent year-over-year increase in the application of advanced artificial intelligence (AI) for claims processing. The company also reports that more than 9 million unique claims have been processed using a CCC deep learning AI solution, growing more than 80 percent in 2021, and the number of claims […]
CIECA Announces New Members of Board of Trustee
The Collision Industry Electronic Commerce Association (CIECA) announced today that several CIECA Board of Trustees member companies named new representatives to sit on the board in 2022. “We welcome all of the new representatives to CIECA’s Board of Trustees,” said Paul Barry, CIECA’s executive director. “Their diverse backgrounds will enable them to best support CIECA’s […]
Interview: Susanna Gotsch, CCC Intelligent Solutions, Details Collision Repair Claims Trends
Gotsch discusses data on 2021 claims and the factors influencing collision repair and insurance claims markets into next year. Average cost per part running 8% higher in 2021. Labor rate growth hasn’t accelerated in 2021, but is expected higher in 2022 in wake of labor shortage. In our video interview, Susanna Gotsch, Senior Director, Industry […]
CCC Reports $176.6 Million in Revenue During Third Quarter
CCC Intelligent Solutions Holdings Inc. (CCC) (NYSE: CCCS) announced total revenue was $176.6 million for the third quarter of 2021 ended September 30, compared to $157.8 million for the third 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 […]
Amica Mutual Expands Relationship with CCC
CCC Intelligent Solutions (CCC) announced today an extension of its relationship with Amica Mutual Insurance Company. From first notice of loss to resolution, Amica will leverage CCC’s advanced AI and mobile solutions to meet the evolving needs of its policyholders. “Amica has built its reputation by delivering exceptional claims experiences to our customers,” said Hank […]
CCC Launches Touchless Auto Estimates with Line Level Detail to Enable Straight-Through Processing
CCC Intelligent Solutions Inc. announced a straight-through claims processing (STP) solution powered by artificial intelligence (AI), CCC Estimate-STP. The system uses advanced AI and insurer-driven rules to automatically initiate and populate detailed and actionable estimates in seconds, making touchless estimates a reality. In market with four national insurers, including USAA, CCC Estimate – STP offers […]
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