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CCC Intelligent Solutions Named Winner of 2024 Artificial Intelligence Excellence Award

By: via Business Wire

Innovative tech leader for the P&C insurance industry recognized by Business Intelligence for Computer Vision

CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today that it has been recognized by Business Intelligence with a 2024 Artificial Intelligence Award for its innovative use of computer vision. The business awards program sets out to recognize those organizations, products and people who bring artificial intelligence (AI) to life and apply it to solve real problems.

“CCC is honored to receive recognition for our pioneering work in AI, particularly in computer vision. With AI-powered solutions that analyze and assess vehicle damage photos for any make and model, we’re helping accelerate the automotive claims and repair process,” said John Goodson, CCC’s chief product and technology officer. “This recognition highlights our dedication to innovation and leveraging advanced AI to help the industry tackle some of its most pressing challenges, such as 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 a variety of AI models, including computer vision, natural language understanding, and deep learning, to improve customer interactions, streamline operations, and digitize assessments across estimating, casualty, and subrogation.

“We are truly honored to recognize CCC with this prestigious award,” stated Maria Jimenez, chief nominations officer for the Business Intelligence Group. “The unwavering commitment of their team to excellence and their innovative AI applications have catapulted them to this remarkable achievement. Congratulations to the entire organization!”

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 more than 300 AI models, many of which are applied and widely adopted across a range of solutions for auto insurers and collision repairers.

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 Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

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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