Sfara Joins the CCC Network, Offering Insurers
Real-Time Access to Mobile Crash Detection Data Designed to
Accelerate Claims Outcomes Beginning at FNOL
CCC Intelligent Solutions (CCC), a leading SaaS platform
powering the P&C insurance economy, and Sfara, a leader in
smartphone-based collision detection and personal safety
technology, announce today the companies will work together to
accelerate claims management. Insurance customers of the two
companies will be able to seamlessly connect Sfara's mobile crash
detection data with CCC's claims management solutions, improving
and speeding claims outcomes. CCC works with more than 300 U.S.
auto insurers, including 18 of the top 20 carriers, powering better
claims experiences for millions of drivers annually.
"We are excited to work with CCC to help our shared insurance
customers maximize the value of collision detection data by
expanding its use across the claims process," said Erik Goldman,
CEO, Sfara. "Sfara's technology provides near-immediate detection
of accidents, including those at ultra-low speeds, while minimizing
false positives. Working with CCC will help us seamlessly pass this
timely, comprehensive view of an auto accident to the insurance
industry at scale, enabling insurers to initiate and inform a
number of activities and decisions across the claims process."
CCC will ingest Sfara's accident intelligence data via its CCC
Cloud and derive elements including point of impact, direction of
force and other pertinent telematics data that will accelerate and
enhance its services. Participating customers can then leverage
that data through CCC's software-driven workflows, powering auto
physical damage and casualty claims, and supporting the customer’s
ability to estimate damage severity, schedule timely repairs, and
beyond, creating more straight-through experiences for drivers and
insurers. In addition, accident data could also inform potential
likelihood of fraud and crash reconstruction.
"Understanding the facts of an accident immediately following
the event can help insurers make more timely decisions that
ultimately impact policyholder satisfaction and claims costs," said
Marc Fredman, chief strategy officer, CCC. "Sfara is a proven
provider of collision detection services. We're excited to welcome
them to CCC's network and we look forward to helping our shared
customers seamlessly apply accident intelligence throughout their
claims processes, advancing their efforts to achieve
straight-through processing."
The CCC Cloud connects a network of 30,000 companies across the
P&C Insurance economy, including auto insurers, collision
repairers, car manufacturers, parts suppliers, lenders, and
more.
To learn more about telematics-enabled claims, please visit:
https://cccis.com/insurance-carriers/claims-solutions/apd/telematics/.
About Sfara, Inc.
Sfara is enabling a mobile revolution in safety and control.
Sfara’s patented AI technology and global platform transforms the
smartphone into a secure mobile safety and analytics solution,
available as a GDPR-compliant SaaS offering to our partners in the
mobility space, including insurance carriers, automakers and mobile
network operators.
Capable of running on 5B+ smartphones sold worldwide since 2013,
Sfara technology represents a paradigm shift for the telematics
industry and our partners—offering unprecedented detection
capabilities, without incremental hardware or data transport costs.
Sfara provides a highly scalable, cloud-based data analytics and
assurance solution designed to assist companies navigating the
challenges of shifting transportation models, such as
transportation-as-a-service, semi and fully autonomous vehicles, as
well as fleet management and ride-sharing services.
Sfara is led by a deeply experienced executive team with over
150 billion miles driven on their leading edge, embedded and
aftermarket telematics solutions for consumer and fleet
applications, including UBI and MHAV, operated throughout North
America, Europe and China. Headquartered in Hoboken, NJ, Sfara also
is expanding in Silicon Valley, Finland, Israel, and in Germany via
Sfara GmbH. Triggered Training™ and Sphere of Safety™ are
trademarks of Sfara.
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221024005193/en/
CCC Media Contact: Michelle Hellyar mhellyar@cccis.com |
773.791.3675
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