Artificial intelligence is increasingly being used by insurers, rental car companies, vehicle auction houses and others to more accurately assess vehicle damage, automate claims processing and avoid disputes. Click-Ins is a company that uses AI and its own proprietary system that taps a mix of...
Intuit plans to acquire technology and add employees from Zendrive to accelerate the development and adoption of Karma Drive, a telematics-powered, usage-based auto insurance product offered by Intuit business unit Credit Karma. The transaction is expected to close in the fourth quarter of fiscal year...
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’...
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...
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...
October 14, 2025
Eight auto insurance companies will pay a collective total of $19 million in penalties to New York State for alleged violations of the Department of Financial Services’ cybersecurity regulation. The DFS announced the penalties in a Tuesday (Oct. 14) press release, saying that all the companies failed to protect consumer data and that two of […]
June 13, 2024
Intuit plans to acquire technology and add employees from Zendrive to accelerate the development and adoption of Karma Drive, a telematics-powered, usage-based auto insurance product offered by Intuit business unit...
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...
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...
