CCC Intelligent Solutions Inc. (NASDAQ:CCCS) shares began Tuesday static, as the leading cloud platform powering the P&C insurance economy announced today the launch of CCC® Intelligent Reinspection, a new solution designed to help auto insurers streamline the review of incoming repair facility estimates, expediting repairer workflows and claims resolutions. Leveraging advanced AI technology, CCC Intelligent
Reinspection identifies areas for review, and provides reason codes based on insurer rules, helping reinspectors review increasingly complex estimates quickly, reducing repair and claim cycle times so drivers can get back on the road sooner following a car accident.
“The increasing complexity of vehicles today requires advanced solutions to streamline the claims and repair process,” said John Goodson, chief product and technology officer for CCC. “With CCC Intelligent Reinspection, AI helps insurers review repair estimates more quickly and transparently, allowing them to resolve questions with their repair partners. Our solution integrates seamlessly into existing insurer and repairer workflows, so estimates turn into completed repairs and claims can be resolved faster.”
“Using AI-powered analysis and audit capabilities,” read this morning’s news release, “CCC Intelligent Reinspection assesses incoming shop estimates based on insurer-provided rules. It automatically routes estimates for approval or review, significantly reducing manual workloads for appraisers and desk reviewers. This fosters better collaboration between insurers and repairers, helping to provide timely and accurate feedback without disrupting workflows, helping both save valuable time.”
CCCS shares closed Monday at $11.05.
