CCC News & Insights

May 16, 2024

Farm Bureau Insurance Companies Extend Relationships with CCC to Further Accelerate Auto Claims Resolutions

Georgia Farm Bureau and Nodak Insurance Use Industry Leading Digital Solutions to Streamline Processes and Provide Better Experiences for Consumers and Employees

CHICAGO - May 16, 2024 - CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today that two prominent Farm Bureau insurance companies have extended their use of CCC solutions to help them accelerate auto claims resolutions and provide better experiences for claimants and employees. Georgia Farm Bureau Mutual Insurance Company and Nodak Insurance Company will utilize a variety of CCC's digital solutions across the auto physical damage (APD) claims process, helping get drivers back on the road more quickly and efficiently following an auto accident. CCC leverages data, advanced AI and an intelligent cloud platform to power a vast network of 35,000 companies, including over 300 insurance customers which include 27 of the top 30 P&C insurers.

"Farm Bureaus are often the backbones of their communities and were excited to expand our relationships with Georgia Farm Bureau and Nodak Insurance," said Mike Silva, CCC's chief commercial and customer success officer. "CCC is proud to support insurance companies of all sizes in achieving their digital transformation goals and helping them provide intelligent experiences that just work for everyone involved in the claims or repair process."

Georgia Farm Bureau and Nodak Insurance will utilize CCC's digital solutions for workflow, estimating, reinspection, and valuation to help them expedite decision-making and improve customer engagement. These industry-leading solutions enable a modernized claims process, reduced cycle times, and the ability to deliver personalized experiences to their policyholders, seamlessly integrating with existing processes to enhance efficiency.

"As stewards of our community, Georgia Farm Bureau is dedicated to providing unparalleled support to our policyholders," said George Monk, general manager from Georgia Farm Bureau. "By continuing our long-standing relationship with CCC, we're reinforcing our commitment to exceptional service, ensuring swift resolutions and peace of mind for those we serve.'

"At Nodak Insurance, our relentless pursuit of customer satisfaction drives everything we do," said Chris Oen, vice president of claims at Nodak Insurance Company. "CCC's solutions deliver proven value through more efficient claims management and an ability for us to provide faster, more personalized experiences for our customers, ensuring their needs are met with excellence at every step.'

To learn more about CCC's APD claims solutions, visit cccis.com/apd.

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.

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.

CCC Media Contact:

Laura Weber
lweber@cccis.com
773.960.7144