CCC Sets Bold Vision to Make Life Just Work for Customers and the Millions of Consumers Involved in Auto Claims, Repairs Each Year
April 08 2024 - 8:00AM
Business Wire
With proven AI and a new intelligent
architecture, CCC will power the next evolution of the P&C
insurance economy, helping customers deliver Intelligent
Experiences during crucial moments following auto accidents
To reflect its advanced capabilities, the CCC
cloud platform is now the CCC Intelligent Experience (IX) Cloud™
platform
Irreversible shifts in the P&C insurance economy, marked by
increasing vehicle complexity and labor shortages, require bold
thinking and the use of modern, flexible technology. CCC
Intelligent Solutions (CCC) stands ready, announcing its
technology-backed vision to power the next evolution of the
industry, shaping a world where Life Just Works for
customers and the millions of their consumers involved in auto
claims and repairs each year. CCC is an industry and technology
leader with an unmatched history of innovating with and for its
more than 35,000 customers and partners.
“Making Life Just Work is at the heart of what CCC has been
doing for more than 40 years. Today, it becomes our official north
star,” said Githesh Ramamurthy, chairman and CEO of CCC Intelligent
Solutions. “The industry is at an inflection point and customers
are looking for ways to rapidly transform their businesses without
disrupting existing operations. Our new intelligent architecture
will help them deliver improved performance today while also
providing a modern, flexible foundation from which customers can
build and innovate for the future.”
Introducing Intelligent Experiences
Intelligent Experiences are those that work for everyone
involved in a claim or repair - consumers, businesses, and their
employees. Intelligent Experiences synthesize these different
perspectives to help deliver the optimal outcome for everyone
participating in a given interaction by orchestrating data, AI, and
ecosystems at scale.
The CCC Intelligent Experience (IX) Cloud™ platform will bring
intelligent experiences to life through a new event-driven
architecture that overlays onto CCC’s existing cloud applications,
customer workflows, and customer and partner systems. This
microservices-based approach will proactively provide additional
insights about business events, infuse the latest AI into
workflows, and cascade innovation across customer operations. The
CCC IX Cloud will create opportunities for workflows that are as
dynamic and unique as the tens of millions of claims and repairs
that occur each year, as well as help customers focus on the
claims, repair decisions, and actions that will have the greatest
impact on their business.
The CCC IX Cloud builds on CCC’s decades of SaaS expertise and
data stewardship, with enhanced scalability and elasticity from
CCC’s public cloud investments. The new CCC IX Cloud architecture
is built to accelerate the expansion of CCC’s large and growing
partner ecosystem.
“The only way to address the challenges facing the industry is
by embracing a fundamentally new approach to human-centered
technology,” said Marc Fredman, chief strategy officer for CCC.
“Through the combination of data, advanced AI, and ecosystems, CCC
is enabling our customers to transcend traditional boundaries and
achieve unprecedented levels of success. With the CCC IX Cloud, CCC
is not just envisioning a world where life just works, we're
actively engineering it.”
Learn more about how CCC will power intelligent experiences that
make Life Just Work for repairers, insurers, and automakers.
To download a comprehensive white paper on Intelligent
Experiences and to learn more about the CCC IX Cloud, please visit
https://cccis.com/ccc-ix.
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, 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. Such differences may be
material. 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 most recently filed Form 10-K by CCC with the
Securities and Exchange Commission (“SEC”) on 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240408840993/en/
Laura Weber 773.960.7144 lweber@cccis.com
CCC Intelligent Solutions (NASDAQ:CCCS)
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