Guidewire (NYSE: GWRE) and CCC Intelligent Solutions (CCC), a
leading SaaS platform digitizing the P&C insurance economy,
today announced that CCC’s new Ready for Guidewire validated
accelerator for ClaimCenter – CCC® Safekeep – is now available to
users in the Guidewire Marketplace.
Insurers deploy digital strategies and AI to streamline
workflows and improve their customer’s experience. Insurers’
ability to recover payments from third-party entities for claims
losses, called subrogation, traditionally has been a
time-intensive, manual process requiring in-depth investigations
and analyses. CCC Safekeep, an enterprise platform that is part of
CCC’s suite of smart digital solutions, is designed to leverage AI
to speed and improve subrogation management to monitor, score, and
prioritize claims according to an insurer's specific
parameters.
The CCC solution removes manual touchpoints to help streamline
the recovery process, reduce cycle times and improve accuracy by
digitally packaging and automatically sending data, materials and
evidence needed for negotiations. CCC Safekeep for Guidewire
ClaimCenter integrates subrogation data directly into insurers’
digital workflows according to insurer rules, streamlining recovery
identification, referrals, and the investigation process.
Within ClaimCenter, CCC Safekeep enables claims and subrogation
adjustors to:
- Leverage AI-powered technology to quickly analyze data and
evidence, and
- Provide near-real time detection of potentially recoverable
dollars across the claims process.
CCC Safekeep can be used to help improve subrogation management
across auto, property, workers’ compensation, and other insurance
lines of business.
“Safekeep’s AI engine applies a combination of machine-learning,
natural language processing, rules, and predictive models to score
and prioritize claims for more efficient subrogation management,”
said Jeff To, senior vice president, CCC Safekeep. “That increases
the identification of subrogation opportunities, as well as
accelerates time to resolution. We're excited to expand upon the
number of integrations that already exist between CCC and
Guidewire.”
“We congratulate CCC Safekeep on its accelerator for
ClaimCenter,” said Becky Mattick, vice president, Global Solution
Alliances. “As an AI-decisioning solution, Safekeep simplifies
subrogation and enables insurers to better serve customers and
manage their businesses more profitably.”
About CCC
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC
Intelligent Solutions Holdings Inc. (NYSE: CCCS), is a leading SaaS
platform for the multi-trillion-dollar P&C insurance economy
powering operations for insurers, repairers, automakers, part
suppliers, lenders, and more. CCC cloud technology connects more
than 30,000 businesses digitizing mission-critical workflows,
commerce, and customer experiences. A trusted leader in AI, IoT,
customer experience, network and workflow management, CCC delivers
innovations that keep people’s 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 and AI 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 March 1, 2022, 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.
About Guidewire PartnerConnect ecosystem and Ready for
Guidewire
Guidewire’s solution ecosystem is the largest in the P&C
industry, with over 150 solution partners providing over 170
integrations in the Guidewire Marketplace. Guidewire PartnerConnect
Solution partners provide software, technology, and data solutions
as well as insurance support services. Our Solution partners help
drive business value and innovation for insurers by developing and
delivering integrations, extensions, apps, and other complementary
solutions for Guidewire products. All of our Ready for Guidewire
partner solutions are validated for security, quality, and
compatibility with Guidewire, and can be found on the Guidewire
Marketplace.
For more information about Guidewire PartnerConnect, please
visit http://www.guidewire.com/partners.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage,
innovate, and grow efficiently. We combine digital, core,
analytics, and AI to deliver our platform as a cloud service. More
than 450 insurers, from new ventures to the largest and most
complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable
their success. We are proud of our unparalleled implementation
track record, with 1,000+ successful projects, supported by the
largest R&D team and partner ecosystem in the industry. Our
marketplace provides hundreds of applications that accelerate
integration, localization, and innovation.
For more information, please visit www.guidewire.com and follow
us on Twitter: @Guidewire_PandC.
NOTE: For information about Guidewire’s
trademarks, visit https://www.guidewire.com/legal-notices.
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version on businesswire.com: https://www.businesswire.com/news/home/20220726005240/en/
Melissa Cobb Senior Public Relations Manager Guidewire Software,
Inc. +1.650.464.1177 mcobb@guidewire.com
Michelle Hellyar Director Public Relations CCC Intelligent
Solutions mhellyar@cccis.com
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