By Erik Bahnsen As we progressed through 2021, we saw shades of “business as usual” as the economy reopened or partially reopened across the country. We also saw volatility that included historic inflation of consumer goods and home prices, widespread supply chain disruption, and rampaging waves of COVID-19 variants. Despite these trends, there are early […]
CCC Bodily Injury Evaluation Worksheet: Streamlining third-party casualty claim evaluation and review By Erik Bahnsen In the fast-paced world of Casualty claims, the ability to implement a streamlined, consistent, and efficient adjudication workflow is a necessity. Today, the industry is facing formidable external and internal challenges: Inflation is rising at its highest rate in 40 […]
Labor shortages, supply chain challenges, climate change, and COVID uncertainty reshaping insurance economy trends as showcased in 27th annual edition of industry’s preeminent report CHICAGO, March 15, 2022 – CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform for the P&C insurance economy, announces today it has released CCC Crash Course 2022, a data-driven report […]
Vehicle repair and total loss costs have been on the rise. Surging new and used vehicle prices, the growing complexity of the cars themselves, and supply chain disruptions driving inflation in the cost of replacement parts are widely attributed to the jump. Here’s a deeper look at some of the market forces behind the shift: […]
Welcome to the first CCC Trends report of 2022. CCC Trends highlights key developments impacting the Property & Casualty insurance and collision repair industries. We deliver news you can use monthly to help you make better business decisions and create better customer experiences. Watch the video or read below for a look ahead at 2022. […]
Insurtech Leader CCC Intelligent Solutions Reports a 50 Percent Year-Over-Year Increase in the Application of Advanced AI for Claims Processing Adoption of CCC’s AI-powered touchless estimating solution has doubled to 8 national insurers in the three months since launching the innovation CHICAGO – JANUARY 7, 2022 – CCC Intelligent Solutions (CCC), the SaaS platform […]
As we head into 2022, the momentum for change is perhaps larger than we’ve seen in many years. The COVID-19 pandemic accelerated consumer and business adoption of technologies from mobile, to cloud, to AI, to more. Despite the rapid adoption of innovations, many of the top stories of 2021 underscored the interruptions caused by the […]
Over the last two years, the collision repair industry has faced an environment of fewer repairs, increased technician shortages, growing vehicle complexity, and increased demand among customers for a digitized experience. The collision repair industry also continues to see increased consolidation across all parts of the industry, as demands for capital investment for training […]
Digital solutions are transforming the automotive claims experience. B2B payments play an important role in these digitization efforts and are essential to reaching the industry goal of straight-through processing (STP). CCC® Payments enables insurance carriers to make digital B2B payments across the P&C ecosystem, with additional benefits for automotive lenders and repair facilities. Participating insurers […]
Much has been written about how the way people lived and worked changed as a result of the COVID-19 pandemic. There have been a number of key demographic trends worth noting; some market shifts were established before the pandemic, while others seemingly developed in response. In this issue of CCC Trends, we’re looking closely […]
