Sfara Joins the CCC Network, Offering Insurers Real-Time Access to Mobile Crash Detection Data Designed to Accelerate Claims Outcomes Beginning at FNOLCHICAGO – October 24, 2022 – CCC Intelligent Solutions (CCC), a leading SaaS platform powering the P&C insurance economy, and Sfara, a leader in smartphone-based collision detection and personal safety technology, announce today the companies will work together to accelerate claims management. Insurance customers of the two companies will be able to seamlessly connect Sfara's mobile crash detection data with CCC's claims management solutions, improving and speeding 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 to help our shared insurance customers maximize the value of collision detection data by expanding its use across the claims process," said Erik Goldman, CEO, Sfara. "Sfara's technology provides near-immediate detection of accidents, including those at ultra-low speeds, while minimizing false positives. Working with CCC will help us seamlessly pass this timely, comprehensive view of an auto accident to the insurance industry at scale, enabling insurers to initiate and inform a number of activities and decisions across the claims process."CCC will ingest Sfara's accident intelligence 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 timely repairs, and beyond, creating more straight-through experiences for drivers and insurers. In addition, accident data could also inform potential likelihood of fraud and crash reconstruction."Understanding the facts of an accident immediately following the event can help insurers make more timely decisions that ultimately impact policyholder satisfaction and claims costs," said Marc Fredman, chief strategy officer, CCC. "Sfara is a proven provider of collision detection services. We're excited to welcome them to CCC's network and we look forward to helping our shared customers seamlessly apply accident intelligence throughout their claims processes, advancing their 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, and more.To learn more about telematics-enabled claims, please visit: https://cccis.com/insurance-carriers/claims-solutions/apd/telematics/.
About Sfara, Inc.
Sfara is enabling a mobile revolution in safety and control. Sfara’s patented AI technology and global platform transforms the smartphone into a secure mobile safety and analytics solution, available as a GDPR-compliant SaaS offering to our partners in the mobility space, including insurance carriers, automakers and mobile network operators.Capable of running on 5B+ smartphones sold worldwide since 2013, Sfara technology represents a paradigm shift for the telematics industry and our partners—offering unprecedented detection capabilities, without incremental hardware or data transport costs. Sfara provides a highly scalable, cloud-based data analytics and assurance solution designed to assist companies navigating the challenges of shifting transportation models, such as transportation-as-a-service, semi and fully autonomous vehicles, as well as fleet management and ride-sharing services.Sfara is led by a deeply experienced executive team with over 150 billion miles driven on their leading edge, embedded and aftermarket telematics solutions for consumer and fleet applications, including UBI and MHAV, operated throughout North America, Europe and China. Headquartered in Hoboken, NJ, Sfara also is expanding in Silicon Valley, Finland, Israel, and in Germany via Sfara GmbH. Triggered Training™ and Sphere of Safety™ are trademarks of Sfara.
Sfara Joins the CCC Network, Offering Insurers Real-Time Access to Mobile Crash Detection Data Designed to Accelerate Claims Outcomes Beginning at FNOLCHICAGO – October 24, 2022 – CCC Intelligent Solutions (CCC), a leading SaaS platform powering the P&C insurance economy, and Sfara, a leader in smartphone-based collision detection and personal safety technology, announce today the companies will work together to accelerate claims management. Insurance customers of the two companies will be able to seamlessly connect Sfara's mobile crash detection data with CCC's claims management solutions, improving and speeding 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 to help our shared insurance customers maximize the value of collision detection data by expanding its use across the claims process," said Erik Goldman, CEO, Sfara. "Sfara's technology provides near-immediate detection of accidents, including those at ultra-low speeds, while minimizing false positives. Working with CCC will help us seamlessly pass this timely, comprehensive view of an auto accident to the insurance industry at scale, enabling insurers to initiate and inform a number of activities and decisions across the claims process."CCC will ingest Sfara's accident intelligence 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 timely repairs, and beyond, creating more straight-through experiences for drivers and insurers. In addition, accident data could also inform potential likelihood of fraud and crash reconstruction."Understanding the facts of an accident immediately following the event can help insurers make more timely decisions that ultimately impact policyholder satisfaction and claims costs," said Marc Fredman, chief strategy officer, CCC. "Sfara is a proven provider of collision detection services. We're excited to welcome them to CCC's network and we look forward to helping our shared customers seamlessly apply accident intelligence throughout their claims processes, advancing their 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, and more.To learn more about telematics-enabled claims, please visit: https://cccis.com/insurance-carriers/claims-solutions/apd/telematics/.
About Sfara, Inc.
Sfara is enabling a mobile revolution in safety and control. Sfara’s patented AI technology and global platform transforms the smartphone into a secure mobile safety and analytics solution, available as a GDPR-compliant SaaS offering to our partners in the mobility space, including insurance carriers, automakers and mobile network operators.Capable of running on 5B+ smartphones sold worldwide since 2013, Sfara technology represents a paradigm shift for the telematics industry and our partners—offering unprecedented detection capabilities, without incremental hardware or data transport costs. Sfara provides a highly scalable, cloud-based data analytics and assurance solution designed to assist companies navigating the challenges of shifting transportation models, such as transportation-as-a-service, semi and fully autonomous vehicles, as well as fleet management and ride-sharing services.Sfara is led by a deeply experienced executive team with over 150 billion miles driven on their leading edge, embedded and aftermarket telematics solutions for consumer and fleet applications, including UBI and MHAV, operated throughout North America, Europe and China. Headquartered in Hoboken, NJ, Sfara also is expanding in Silicon Valley, Finland, Israel, and in Germany via Sfara GmbH. Triggered Training™ and Sphere of Safety™ are trademarks of Sfara.
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.
