Telematics

AI Has Already Changed the Game for Auto Insurers

CCC Corporate / Auto Insurance, CCC ONE, Industry News, Insurance, Telematics /

By Christoph Plenio, vice president, R&D, Innovation Foundry lead for CCC Intelligent Solutions AI is changing how insurers do business. Accelerating decisions. Improving outcomes. Constantly adapting to customized rules and permutations. This isn’t a vision, but the reality for more than 50 insurance carriers working with CCC across AI use cases. In conversations and media, […]

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Volkswagen Car-Net® selects CCC Intelligent Solutions as Exclusive Provider of Insurance Telematics Services

CCC Corporate / Auto Insurance, Company News, Telematics /

Volkswagen Car-Net Names CCC Exclusive Insurance Telematics Service Provider CCC Intelligent Solutions (CCC) and Volkswagen Car-Net® announce today that CCC has become the automaker’s exclusive provider of insurance telematics services for the newest generation of VW Car-Net, included in most model year 2020 and 2021 vehicles. Upon customer consent, the CCC® X data exchange will utilize driving data from Volkswagen Car-Net, the automaker’s connected […]

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CCC® VIN Connect Part of Volkswagen DriveView™ Offering

Ann Groothuis / Auto Insurance, Auto OEMs, Company News, Telematics /

Volkswagen is delivering driver-first experiences with CCC VIN Connect Today, Volkswagen Car-Net® named CCC the exclusive provider of insurance telematics services for the automaker’s connected vehicle platform, VW Car-Net. The CCC X data exchange, upon driver consent, will turn VW Car-Net driving data into action delivering personalized experiences through DriveView™, a new feature for Volkswagen Car-Net subscribers. By enrolling in DriveView, VW subscribers may […]

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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 […]

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Mobile Photography & Claims: Changing the Game

CCC Corporate / CCC Trends, Collision Repair, Industry News, Insurance, Telematics, Uncategorized /

Process automation is making its way through the insurance industry, delivering operational efficiencies in many areas. For underwriting and distributing personal and small business insurance, carriers are struggling to balance providing in-person inspections of customs risk exposures with delivering quotes and prices in minutes. Mobile technology, photos, and artificial intelligence are promising to close the […]

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CCC Introduces the World’s First Artificial Intelligence Estimating Tool

CCC Corporate / Collision Repair, Company News, Industry News, Telematics /

Smart Estimate Photo CCC Intelligent Solutions (CCC) introduced today the world’s first in-production AI solution for vehicle collision estimates. CCC® Smart Estimate (Smart Estimate) leverages CCC’s estimating logic and AI photo analytics capabilities to pre-populate an estimate with suggestions for human estimators to review, edit, and advance. Through the process, Smart Estimate AI and human estimators learn from […]

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Auto Claims Count Data Reflects Slow Growth

CCC Corporate / Insurance, Telematics /

Private passenger auto insurance had been experiencing a steady rate of declining claim frequency over the last two decades with a variety of factors having been identified as contributors to the trend, including an aging population, fewer miles driven, graduated licensing for teenagers, higher deductibles and more vehicles than drivers. Several additional factors came into […]

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A Data Explosion on the Open Road

CCC Corporate / Insurance, Telematics /

A growing telematics market means that insurance carriers are drowning in data. We could build an ark and hope to ride it out. But wouldn’t it be better if we could monetize this flood? Insurance carriers wouldn’t be blamed for thinking that they’llsoon be less in the business of insurance and more in the business of […]

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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, […]

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