CCC Launches CCC® Intelligent Reinspection to Help Auto Insurers Review Repair Estimates Faster, Expediting Repairer Workflows and Claims Resolutions
30 Juli 2024 - 2:00PM
Business Wire
AI-Powered Solution Streamlines Estimate
Reviews and Helps Get Drivers Back on the Road Sooner Following an
Accident
CCC Intelligent Solutions Inc. (CCC), a leading cloud platform
powering the P&C insurance economy, announces today the launch
of CCC® Intelligent Reinspection, a new solution designed to help
auto insurers streamline the review of incoming repair facility
estimates, expediting repairer workflows and claims resolutions.
Leveraging advanced AI technology, CCC Intelligent Reinspection
identifies areas for review, and provides reason codes based on
insurer rules, helping reinspectors review increasingly complex
estimates quickly, reducing repair and claim cycle times so drivers
can get back on the road sooner following a car accident.
“The increasing complexity of vehicles today requires advanced
solutions to streamline the claims and repair process,” said John
Goodson, chief product and technology officer for CCC. “With CCC
Intelligent Reinspection, AI helps insurers review repair estimates
more quickly and transparently, allowing them to resolve questions
with their repair partners. Our solution integrates seamlessly into
existing insurer and repairer workflows, so estimates turn into
completed repairs and claims can be resolved faster.”
Using AI-powered analysis and audit capabilities, CCC
Intelligent Reinspection assesses incoming shop estimates based on
insurer-provided rules. It automatically routes estimates for
approval or review, significantly reducing manual workloads for
appraisers and desk reviewers. This fosters better collaboration
between insurers and repairers, helping to provide timely and
accurate feedback without disrupting workflows, helping both save
valuable time. CCC’s AI, developed over ten years and used broadly
across collision repairers and insurers, employs computer vision
and other advanced AI technologies to analyze photos of vehicle
damage along with the repair estimate, improving accuracy and
supporting repairers’ commitment to quality repairs.
“CCC Intelligent Reinspection represents a significant
advancement in how repair estimates are managed between insurers
and repairers,” Goodson added. “Our AI-powered solution makes it
easy for estimates to be quickly reviewed so repairers can get to
work faster. Intelligent Reinspection is the latest in a line of
intelligent, AI-driven solutions from CCC designed to save time and
reduce inefficiencies in the increasingly complex claims and repair
process, supporting our vision of shaping a world where life just
works for our customers and theirs.”
Key benefits of CCC Intelligent Reinspection include:
Seamless Integration: Connects effortlessly to existing
reinspection processes, enabling continuity and efficiency.
Improved Review Efficiency: Provides reason codes based
on individual insurer rules, supporting more efficient and
transparent reviews and insurer, shop communications.
Reduced Cycle Times: Helps reduce the time required for
claim resolutions, enabling faster service for consumers.
About CCC
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC
Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading
cloud platform for the multi-trillion-dollar P&C insurance
economy, creating intelligent experiences for insurers, repairers,
automakers, part suppliers, and more. The CCC Intelligent
Experience (IX) Cloud™ platform, powered by proven AI and an
innovative event-based architecture, connects more than 35,000
businesses to power customized applications and platforms for
optimal outcomes and personalized experiences that just work.
Through purposeful innovation and the strength of its connections,
CCC technologies empower the people and industry relied upon to
keep lives moving forward when it matters most. Learn more about
CCC at www.cccis.com.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Forward-looking statements in this press release
include, but are not limited to, statements regarding future use
and performance of CCC’s digital solutions. We cannot assure you
that the forward-looking statements in this press release will
prove to be accurate. These forward-looking statements are subject
to a number of risks and uncertainties, including, among others,
competition, including technological advances and new products
marketed by competitors; changes to applicable laws and
regulations; and other risks and uncertainties, including those
included under the header “Risk Factors” in CCC’s filings with the
Securities and Exchange Commission (“SEC”), including the Form 10-K
filed February 28, 2024, which can be obtained, without charge, at
the SEC’s website (www.sec.gov). The forward-looking statements in
this press release represent our views as of the date of this press
release. We anticipate that subsequent events and developments will
cause our views to change. However, while we may elect to update
these forward-looking statements at some point in the future, we
have no current intention of doing so except to the extent required
by applicable law. You should, therefore, not rely on these
forward-looking statements as representing our views as of any date
subsequent to the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240730257989/en/
Laura Weber lweber@cccis.com | 773.960.7144
CCC Intelligent Solutions (NASDAQ:CCCS)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
CCC Intelligent Solutions (NASDAQ:CCCS)
Historical Stock Chart
Von Jan 2024 bis Jan 2025