CHICAGO, Dec. 6, 2017 /PRNewswire/ -- CCC Information Services Inc. and its affiliates (CCC) announced today the general availability of CCC™ X, a data exchange that helps convert connected data into actionable insights and makes it available for use across the CCC network. CCC also announced today that its already extensive network is set to expand to include 14 new companies who will contribute and leverage connected and telematics data via CCC X. The newly announced additions represent connected device providers, diagnostics providers, enablers of usage-based insurance (UBI) programs, and other service providers. CCC is a leading Software as a Service provider to the automotive, insurance, and collision repair industries. Its network consists of numerous automotive OEMs, 350 insurers, 24,000 repair facilities, and other key industry players.
Powered by the hyperscale CCC ONE™ platform (CCC ONE), CCC X can aggregate and normalize connected data from a rich variety of sources, including beacons, dongles, mobile applications, fleet and professional devices, and connected cars. CCC X can pass that data to customers on the CCC network through software-driven workflows that serve the automotive ecosystem. Data accessed via CCC X can be deeply integrated into existing insurer business operations for UBI programs, underwriting, increased claims automation, and more. Similarly, it can be integrated into software services for repairers on the CCC network.
"The true value of connected data is rooted in what you can do with it," said Mac Fraser, GM, Telematics, CCC. "Unlike other exchanges, CCC X enables customers to put connected data to work. It works in conjunction with the CCC ONE platform where data is enriched, becomes more meaningful, is easily shared with users who value it, and can then be deployed into real-life experiences for our customers and the consumers they support."
Key among the experiences CCC X can help transform is the claims and repair process. CCC X can ingest crash data at the point of impact and because of CCC's deep integration in claims hat data can be used to increase the digitization of the claims process – including first notice of loss, determining the potential severity of injuries, estimating damage severity, repair scheduling, and beyond. CCC has processed over $1 trillion of historical claims and repair estimates.
CCC Network Additions Announced Today The companies announced today represent a broad range of service providers that will support a variety of use cases, including UBI, telematics-enabled claims, repair and safety-related services, and consumer engagement and loyalty programs. CCC X uses open application program interfaces (APIs) to create fast and easy connections with companies that contribute as well as create value from data.
Added Fraser, "We're thrilled to add these providers to our network. Each brings valuable data to the broad automotive ecosystem, which can be directly and seamlessly delivered to OEMs, insurers, collision repairers, and other interested parties. We look forward to working with each of them and welcoming more data sources to CCC X."
Learn more about the CCC™ X data exchange.
About CCC CCC, together with its affiliates, combines strategic foresight, dynamic partnerships, and smart technology to power its customers forward. Founded in 1980, CCC is a leading provider of innovative cloud, mobile, telematics, hyperscale technologies and apps for the automotive, insurance, and collision repair industries. CCC's solutions and big data insights are delivered through the powerful CCC ONE™ platform, which connects a vast network of 350+ insurance companies, 24,000+ repair facilities, OEMS, hundreds of parts suppliers, and dozens of third-party data and service providers. In addition, CCC provides access to car-related services to millions of consumers via carwise.com, and Auto Injury Solutions Inc., a CCC company, provides customizable, end-to-end, casualty solutions to auto insurers for the handling of first and third-party claims. The collective set of CCC's smart, flexible, and intuitive solutions make connected car, vehicle, and accident data actionable, informing decision-making, enhancing productivity, and helping customers deliver faster and better experiences for end consumers. Learn more about CCC at cccis.com.
The CCC logo is a registered trademark, and CCC and CCC ONE are trademarks, of CCC Information Services Inc. Any other trademarks or trade names mentioned are the property of their respective owners.
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SOURCE CCC Information Services Inc.
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