Data

CCC Auto Claims Snapshot – June 2020

CCC Corporate / Auto Claims Snapshot, CCC Trends, Data, Telematics /

Map showing repairable claims volume by state for June 2020. Industry-wide repairable appraisal counts saw further recovery in June 2020 versus June 2019, with counts down across all loss categories only -25.7 percent versus -34.5 percent in May 2020. Overall, Q2 2020 repairable appraisal counts were down -35.0 percent, with every state registering a decline from Q2 2019, despite several states such as South Dakota […]

Continue Reading →

Shelter at Home – Impact of COVID-19 on Auto Accident Frequency

CCC Corporate / Client Updates, Collision Repair, COVID-19, Data, Industry News, Insurance, Perspectives /

Impact of Shelter at Home Orders   The New York Times reported as of April 2nd, “… [there are] 297 million people in at least 38 states, 48 counties and 14 cities and two territories are being urged to stay at home.”(i)  The state of California was the first to issue this decision, with the order effective March 19th.      Overall miles driven are already seeing a dramatic drop.  Daily traffic volume trends nationally had […]

Continue Reading →

CCC™ X Data Exchange Powers Telematics Innovations for State Auto

CCC Corporate / CCC X, Company News, Insurance, Network, Uncategorized /

CCC Intelligent Solutions and its affiliates (CCC) announced today that State Automobile Mutual Insurance Company (State Auto) is live on the CCC™ X data exchange, activating a broad range of telematics capabilities in support of the insurer’s vision to transform the policyholder experience through innovation. State Auto is using CCC X to connect with CCC […]

Continue Reading →

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

CCC Corporate / 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, […]

Continue Reading →

Next Gen Hyperscale Expectations

CCC Corporate / 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 […]

Continue Reading →

Building for the Future

CCC Corporate / 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 […]

Continue Reading →

Stake Your Claims on Data

CCC Corporate / Data, Insurance /

CCC Data Science Curve Data Science is disrupting business—as surely as electricity, telephony, connectivity and mobility disrupted it. That’s a statement insurers find in most every trade publication they read. It’s often much closer to home: many have to look no farther than their own organization to see the role data science plays in growth and profitability. Marketing and […]

Continue Reading →

Data—Every Insurer has its Journey

CCC Corporate / Data, Insurance /

New data sources, the growth of unstructured data and more sophisticated uses of information have many auto insurance carriers at a crossroads. These carriers are considering where to go next: how to get there, and who they need to bring along with them. Because every carrier has its own motivations and objectives for applying the vast data and technology available, there’s no […]

Continue Reading →