Posted March 29, 2023
CCC Intelligent Solutions Inc. introduced March 28 it has been regarded by Company Intelligence with two Synthetic Intelligence (AI) Excellence Awards.
The 2023 AI Excellence Awards recognize businesses, products and solutions and persons making use of AI to fix authentic organization problems.
CCC’s business-to start with AI-run estimating alternative CCC® Estimate-STP was acknowledged as a top rated innovation in the solution group for 2023. CCC Estimate-STP makes use of advanced AI and insurance provider-driven procedures to quickly initiate and populate in depth and actionable estimates for experienced repairable estimates in seconds with out the require for human intervention.
In the organization category, CCC’s NXT Lab innovation hub was regarded as a centre of excellence for its get the job done across inner teams, such as knowledge science, R&D, engineering, assist and structure, to create and take a look at subsequent-technology AI answers for the marketplace.
“CCC is enthusiastic to be identified for our do the job making use of superior AI to elevate, personalize and simplify buyer and consumer experiences across the P&C coverage overall economy,” claimed John Goodson, chief technology officer for CCC. “More than a billion times elapse in the U.S. every single 12 months involving when automobile statements are opened and when they are fixed. This is nerve-racking to car or truck homeowners and pricey to automobile insurers. Our work with AI and other superior technologies by way of our NXT Lab accelerates our skill to bring new improvements to sector and assists our clients bring greater ordeals and a lot quicker promises resolution to thousands and thousands of motorists.”
CCC Estimate-STP is in sector with 15 insurers representing 50% of U.S. vehicle statements volume, together with seven of the top 10 carriers centered on direct created premiums. The CCC NXT Lab innovation hub was expanded and relaunched in 2022 as element of the company’s new corporate headquarters and technological innovation design and style centre.
“We are so proud to identify CCC as a winner in our inaugural Artificial Intelligence Excellence Awards program,” stated Maria Jimenez, main nominations officer for Organization Intelligence Group. “It was clear to our judges that CCC was working with AI to strengthen the lives of its consumers and workforce. Congratulations to the total staff.”
To find out a lot more about CCC’s AI methods, take a look at cccis.com/our-technological know-how/ai/.
Resource: CCC Smart Options, Inc.