Insurance

Bridging an Expanse of Treatment Practices

CCC Corporate / Injury Causation, Insurance /

Injury Causation Article In July, 2013 the Insurance Research Council (IRC) published a compelling study entitled “Interstate Differences in Medical Utilization in Auto Injury Claims”.  The study was based on a national sample of more than 20,000 BI liability claims and nearly 6,000 PIP claims closed with payment in 2012 from private passenger auto insurance companies that account […]

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Consumer Demographics: How Changes are Impacting our Industry

CCC Corporate / Insurance /

Changes within the demographics of the U.S. population will impact all aspects of society – whether it relates to changes in where people choose to live, what they do for a living or what they buy.  Businesses are already seeing the impacts of a changing workforce and customer base – where four distinct generations (Generations […]

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Improve Accuracy in Your Claims Process

CCC Corporate / Insurance, Solution Brief /

CCC ONE Predictive Solutions — Method of Inspection Make Informed Loss Decisions Earlier CCC ONE™ Predictive Analytics uses intelligent statistical modeling to achieve high accuracy at FNOL with a very low error rate, supported by the industry’s largest and most statistically significant APD database. Employ data and analytics to improve the accuracy of your claims process. Improve Accuracy in Your […]

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Parts of the Vehicle Repair

CCC Corporate / Insurance, Research /

Repair Costs Recover Post-Recession The average total cost of repair for vehicle appraisals in 2013 was $2,638, up 2.9 percent from 2012.    This increase is consistent with the increases seen year-over-year since mid-year 2009 when repair costs flattened.   To better understand the dynamics behind the change in average repair cost, in this article we will […]

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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 […]

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Collision Industry Continues to Transform

CCC Corporate / Collision Repair, Crash Course, Insurance /

The collision repair industry has experienced a great deal of change over the last several years.  The recession helped drive already flat-to-declining vehicle accident frequency down further, and more customers were opting not to have minor damage repaired.  And with the average age of vehicles on the road in the U.S. at an all-time high, […]

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Capture and Sync Vehicle Information with a Single Device

CCC Corporate / Insurance, Research /

When out in the field, your goals are clear –quickly capture information about the damaged vehicle and help the insured feel confident about the claims process. That isn’t easy when your hands are full of devices—cameras, phones and maybe even a laptop. And it doesn’t get any easier back in your office when you’re manually transferring […]

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Thinking Beyond DRP to Deliver More Customer Choice, Better Service

CCC Corporate / Insurance, Research /

As consumers’ service delivery expectations continue to evolve, opportunities now exist for insurers to expand their repair shops network which provides not only an increased customer choice, but can also help to manage costs, reduce cycle times from First Notice of Loss (FNOL) through completion of vehicle repair. The industry is beginning to embrace all […]

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CCC Announces Acquisition of Injury Sciences

CCC Corporate / Company News, Insurance /

Injury causation, science-based software from CCC gives insurers a clear picture of the true effects of an accident, reducing the cost of insurance by improving the accuracy of claim evaluations. Chicago, IL and San Antonio, TX December 14, 2012 – CCC Intelligent Solutions announced today that it has signed a definitive agreement to acquire Injury Sciences LLC, the leader in providing insurance carriers with scientifically based analytic tools to help identify fraudulent and exaggerated injury claims associated with automobile accidents. CCC is the nation’s leading provider […]

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