CCC Intelligent Solutions delivered second quarter results that show increasing traction in using advanced technologies — artificial intelligence (AI) included — to improve auto claims estimates, resolution and payout workflows. The company posted revenues that grew 10% year over year to $192.8 million. CEO Githesh Ramamurthy...
Does the hyper rapid rise of artificial intelligence (AI) signal the end of the world? Or the start of a new era? Jason Verlen, senior vice president, product management, at CCC Intelligent Solutions Inc., a cloud platform for the insurance and automotive industries, tells PYMNTS that, in his view,...
The auto claims payment process is ripe for a technology-led overhaul. “There are inefficiencies and manual processes, and the processes are not yet fully connected,” Kelli Svymbersky, vice president of sales and business development for payments at CCC, told PYMNTS. “There’s a tremendous opportunity to bring digital...
InsurTech OpenEyes has emerged from stealth with an $18 million Series A round. This brings to $23 million the amount the firm has raised for its commercial auto insurance solution for fleets, OpenEyes said in a Tuesday (Feb. 14) press release. The firm said in...
June 14, 2023
Does the hyper rapid rise of artificial intelligence (AI) signal the end of the world? Or the start of a new era? Jason Verlen, senior vice president, product management, at CCC Intelligent Solutions Inc., a cloud platform for the insurance and automotive industries, tells PYMNTS that, in his view, it is unequivocally the latter — we are stepping into […]
May 03, 2023
The auto claims payment process is ripe for a technology-led overhaul. “There are inefficiencies and manual processes, and the processes are not yet fully connected,” Kelli Svymbersky, vice president of sales...
June 16, 2021
The insurance market today offers a wide array of coverage options, from health and home insurance to pet policies. At the same time, the market is complicated and fragmented, which...
February 28, 2020
Car insurance even predates Henry Ford, yet a truly disruptive auto insurance provider hasn’t emerged in more than a century. Metromile CEO Dan Preston tells Karen Webster how his metered-model...
April 30, 2024
The auto insurance claims and collision repair industries are increasingly adopting artificial intelligence (AI)-powered solutions to streamline their operations. Eleven percent year-over-year growth in the first quarter at CCC Intelligent Solutions, a cloud platform for the property and casualty (P&C) insurance industry, was largely driven by customers’ adoptions of its solutions, Chief Financial Officer Brian Herb said Tuesday (April […]
February 15, 2023
InsurTech OpenEyes has emerged from stealth with an $18 million Series A round. This brings to $23 million the amount the firm has raised for its commercial auto insurance solution...
July 23, 2020
At last check, Amazon Inc. sells more than 353 million products — but that number has risen by one. Reuters reported the mega eCommerce website will soon begin offering auto...
March 05, 2020
When it comes to insurance, gauging risk and premiums, every bit of data – and every mile – counts. To that end, as Bloomberg reported, insurance giant Allstate is partnering...
