Zendrive Joins the CCC Network, Offering
Insurers Instant Mobile Crash Detection Data Designed to Speed and
Improve Claims Resolution Beginning at FNOL
CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform
powering the P&C insurance economy, announces today that
Zendrive, a mission-driven company making roads safer with data and
analytics, is the newest mobility risk intelligence provider to
join the CCC network. Insurance customers of the two companies will
be able to seamlessly connect smartphone-centric crash detection
data with CCC's claims management solutions, helping to improve and
speed 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, helping our joint customers
connect with real-time crash notification data to drive further
automation across the claims resolution process,” said Pankaj
Risbood, CEO and Cofounder at Zendrive. "Zendrive leverages
proprietary AI and machine learning algorithms trained by 200
billion miles of data and hundreds of thousands of verified
collisions to detect accidents with an unprecedented degree of
accuracy. By working with CCC, we can seamlessly pass relevant,
timely accident data to the insurance industry, activating a number
of processes and decisions beginning at FNOL."
CCC will ingest Zendrive’s mobile-centric crash 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 repairs, and beyond,
creating more straight-through experiences for drivers and
insurers.
"Real-time crash notification data unlocks new possibilities for
insurers to transform the entire claims resolution experience,”
said Marc Fredman, Chief Strategy Officer, CCC. “By understanding
the facts of an accident in the moments following the event,
insurers can make more timely, informed decisions that impact
policyholder satisfaction and claims costs. Zendrive is a proven
provider of smartphone-centric crash detection services and we’re
excited to help insurers connect to this type of data through our
platform, supporting their claims objectives and 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, telematics
data providers, and more.
To learn more about telematics-enabled claims, please visit:
https://cccis.com/insurance-carriers/claims-solutions/apd/telematics/.
About Zendrive
Zendrive’s mission is to make roads safer through data and
analytics. Its award-winning Mobility Risk Intelligence (MRI)
platform — powered by 200 billion miles of data gathered from 100s
of millions of drivers across the globe — helps insurers understand
and mitigate mobility risk, reducing the likelihood of collisions
by 49%. The platform also helps insurers find and acquire preferred
risk, engage policyholders with unique digital insurance programs,
and provide instant support in the moments of truth. With 100s of
thousands of verified collisions detected through its patented
technology, the MRI platform offers the most accurate and scalable
smartphone-centric solutions for claims automation. The company has
been recognized as one of Fast Company’s Most Innovative Companies
and was recently included in the global Insurtech 100 list of most
innovative companies
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221213005109/en/
CCC Media Contact: Michelle Hellyar mhellyar@cccis.com |
773.791.3675
CCC Intelligent Solutions (NYSE:CCCS)
Historical Stock Chart
From Dec 2024 to Jan 2025
CCC Intelligent Solutions (NYSE:CCCS)
Historical Stock Chart
From Jan 2024 to Jan 2025
