Posts Tagged ‘insurance’

CCC Uses a Single Photo to Usher in New Era of Smart Claims

Michelle Hellyar / Insurance /

Artificial Intelligence (AI) Comes to Life in CCC Smart Total Loss™ Solution, Improving Accuracy, Expediency for Total vs. Repair Decision Chicago, IL, OCTOBER 16, 2017 –CCC Information Services Inc. (CCC) introduced today its CCC Smart Total Loss™ solution, an AI-powered claims solution that uses and analyzes a single photo to help auto insurers predict a […]

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Harvey: Trying to Gauge Impact

Susanna Gotsch / Perspectives /

To understand potential impact of Harvey on insurance losses to date, a comparison to past events can be instructive.  The following graph illustrates the impact on just total loss costs from several major weather events between 2003 and 2012. Superstorm Sandy was by far the most impactful, with both the volume and cost of the […]

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Rethinking the Business Case for Usage Based Insurance in Private Passenger Auto

Deke Phillips / Data, Perspectives, Telematics /

Strategize to Get the Most out of UBI Programs Several well-meaning experts in this space have written about the unsustainability of usage-based insurance (UBI) programs due to high costs and low returns. They argue that when you add up all of the acquisition, technology, and administrative expenses, as well as premium discounts or other incentives, […]

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Next Gen Hyperscale Expectations

Reza Roohalmini / Data, Perspectives, Telematics /

Data, Information, and Knowledge – The Trinity of Enterprise Value Based on the fundamental premise that data, information, and knowledge, are three intricate, indispensable, and interdependent elements, hyperscale systems – distributed computing environments that efficiently scale from a few servers to thousands of servers – are being built to unearth its untapped business values with unprecedented […]

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Building for the Future

Naved Siddique / Data, Telematics /

Change Brings Innovation We know that the collection, storage, and use of huge amounts of data will have a profound effect on the automotive insurance industry, as well as OEMs and collision repairers. Collectively, we do ourselves no favors by pretending massive change doesn’t exist, or hoping someone else will  figure it out. Together, all […]

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‘Upscale Millennials’ more likely to adopt Usage-based Insurance

Deke Phillips / Insurance /

(as published on Property Casualty 360) New research has found that nearly a third of millennials — those born between 1982 and 2000 — qualify as urban professionals earning in excess of $75,000 per year, according to Nielsen. That represents approximately 24 million U.S. consumers — a massive number by any stretch, and one that continues to grow […]

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What’s Driving Repair Cycle Time?

Susanna Gotsch / Crash Course, Perspectives /

(As published in Claims Journal.) Numerous studies have been completed over the years that show consumer satisfaction with auto insurance companies is tied to their satisfaction with the vehicle repair.  Consumers say they want more visibility throughout the claim and repair process, and prefer information be sent to them on the device and at the […]

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IAnet Selects CCC ONE® Appraisal Platform as its Preferred Solution

Abby Wilson / Company News, Insurance /

The cloud-based platform offers IAnet’s appraiser network a single solution to centrally manage appraisals and seamlessly connect to CCC’s expansive network of insurers and collision repairers CCC Information Services Inc. (“CCC”) announced today that its CCC ONE® Appraisal Platform has been selected as the appraisal solution of choice by IAnet, a leading independent appraiser (IA) […]

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Staying Connected in Today’s Connected World

Hari Rao / Insurance /

64% of American adults now own a smartphone of some kind1 and about half of U.S. smartphone owners check their devices several times an hour or more frequently2. It’s no surprise that in today’s connected world, consumers want to be in the know about their vehicle’s repairs. Check out this infographic on how Update Plus […]

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