Pioneering AI Leader for the P&C Insurance
Economy Recognized for Excellence in Computer Vision
CCC Intelligent Solutions Inc. (CCC), a leading cloud platform
powering the P&C insurance economy, announces today that it has
been recognized with a 2024 AI Breakthrough Award for “Best Overall
Computer Vision Solution.” In its seventh year, the annual awards
program conducted by Tech Breakthrough recognizes the world’s most
innovative companies, technologies and products in the AI industry
today.
“CCC is honored to be acknowledged for our work in AI,
specifically for computer vision. Our AI-powered solutions analyze
and assess vehicle damage photos for any make and model, helping
speed up the automotive claims and repair process," said John
Goodson, chief product and technology officer at CCC. “This award
underscores our commitment to helping our customers deliver
intelligent experiences and leveraging advanced AI to tackle
industry challenges like labor shortages and increasing vehicle
complexity.”
CCC is a leader in AI-powered solutions for the auto insurance
and repair industry. Its broad solution offering applies more than
300 AI models that leverage computer vision, natural language
understanding and deep learning, to improve customer interactions,
streamline operations, and digitize assessments across estimating,
casualty and subrogation.
“The auto insurance and collision repair industries are facing
challenges that include workforce shortages, inflation, supply
chain issues, increasing vehicle complexity and rising consumer
expectations. These factors have led to a significant increase in
repairable, total loss, and casualty claim cycle times and costs,”
said Steve Johansson, managing director, AI Breakthrough. “CCC is
tackling these challenges head-on. We’re proud to award them with
‘Best Overall Computer Vision Solution.’ With their proven AI and
technology, CCC is driving the industry's next evolution by helping
companies make earlier decisions, streamline processes and support
teams facing labor shortages.”
CCC recently introduced the CCC Intelligent Experience (IX)
Cloud™ platform that will bring intelligent experiences to life
through a new event-driven architecture that overlays onto CCC's
existing cloud applications, customer workflows, and customer and
partner systems. This microservices-based approach will proactively
provide additional insights about business events, infuse the
latest AI into workflows and cascade innovation across customer
operations.
CCC introduced its first AI solution for vehicle damage
assessment in 2013 and has since developed a powerful offering of
AI-powered solutions which have been adopted by more than 100 auto
insurance companies and thousands of collision repair
operators.
Visit cccis.com/ai to learn more about the company's AI-enabled
solutions.
About CCC
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC
Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading
cloud platform for the multi-trillion-dollar P&C insurance
economy, creating intelligent experiences for insurers, repairers,
automakers, part suppliers, and more. The CCC Intelligent
Experience (IX) Cloud™ platform, powered by proven AI and an
innovative event-based architecture, connects more than 35,000
businesses to power customized applications and platforms for
optimal outcomes and personalized experiences that just work.
Through purposeful innovation and the strength of its connections,
CCC technologies empower the people and industry relied upon to
keep lives moving forward when it matters most. Learn more about
CCC at www.cccis.com.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and
recognition platform for global technology innovation and
leadership, the AI Breakthrough Awards program is devoted to
honoring excellence in Artificial Intelligence technologies,
services, companies and products. The AI Breakthrough Awards
provide public recognition for the achievements of AI companies and
products in categories including Generative AI, Machine Learning,
AI Platforms, Robotics, Business Intelligence, AI Hardware,
Computer Vision and more. For more information visit
AIBreakthroughAwards.com.
Tech Breakthrough LLC does not endorse any vendor, product or
service depicted in our recognition programs, and does not advise
technology users to select only those vendors with award
designations. Tech Breakthrough LLC recognition consists of the
opinions of the Tech Breakthrough LLC organization and should not
be construed as statements of fact. Tech Breakthrough LLC disclaims
all warranties, expressed or implied, with respect to this
recognition program, including any warranties of merchantability or
fitness for a particular purpose.
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. 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 CCC’s filings with the
Securities and Exchange Commission (“SEC”), including the Form 10-K
filed February 28, 2024, 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/20240801193185/en/
CCC Media Contact: Laura Weber lweber@cccis.com |
773.960.7144
Grafico Azioni CCC Intelligent Solutions (NASDAQ:CCCS)
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