CCC Intelligent Solutions Named a Global Leader in Cloud Computing

Technology leader for the P&C insurance economy recognized with 2021 Stratus Award for its SaaS platform, helping its customers redefine the auto claims experience for millions of drivers

CHICAGO--(BUSINESS WIRE)--
CCC Intelligent Solutions, a leading SaaS platform for the property and casualty insurance economy, has been named a top technology company in the software as a service sector by Business Intelligence and honored with a 2021 Stratus Award. The 2021 Stratus Awards recognizes companies and individuals innovating in the Cloud through differentiated technology offerings that advance industries and improve lives.

“CCC is excited to be recognized for our work applying advanced AI and cloud technology to elevate, personalize, and simplify customers’ experiences across the multi-trillion-dollar P&C insurance economy,” said, CCC Intelligent Solutions Chief Technology Officer, John Goodson. “More than a billion days elapse in the U.S. every year between when auto claims are opened and when they are resolved. This is stressful to vehicle owners and costly to auto insurers. The CCC Cloud platform digitally connects the ecosystem and transforms data into actionable insights accelerating provider operations and ushering peace of mind to millions of drivers.”

The average auto claim in the U.S. takes nearly 50 days to resolve, from the time of the accident to when a driver is back on the road in their repaired vehicle. CCC connects 30,000 companies - insurers, collision repairers, automakers, parts suppliers, lenders and more – and equips customers with a unique combination of cloud, advanced AI, telematics, and mobile technologies to deliver intelligent automation. CCC technology is proven to reduce claims cycle times by up to two weeks helping the industry drive towards straight through processing.

Maria Jimenez, Chief Nominations Officer of Business Intelligence Group, said, “CCC Intelligent Solutions is at the forefront of the cloud helping to drive practical innovations in the cloud.” She continued, “The cloud is now part of the fabric of our personal and professional lives, and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.”

To learn more about the CCC Cloud and the company’s proven AI solutions, visit https://cccis.com/our-technology/ai/.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About CCC

CCC Intelligent Solutions (CCC) (NYSE: CCCS) is a leading SaaS platform for the multi-trillion-dollar P&C insurance economy powering operations for insurers, repairers, automakers, part suppliers, lenders, and more. CCC cloud technology connects more than 30,000 businesses digitizing mission-critical workflows, commerce, and customer experiences. A trusted leader in AI, IoT, customer experience, network and workflow management, CCC delivers innovations that keep people’s lives moving forward when it matters most. Learn more about CCC at www.cccis.com.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future performance of the CCC Cloud and related technologies on cycle time. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header “Risk Factors” in the registration statement on Form S-4 filed by Dragoneer with the SEC and those included under the header “Risk Factors” in the final prospectus of Dragoneer related to its initial public offering, both of which can be obtained, without charge, at the SEC’s website (www.sec.gov) in CCC’s Annual Report on Form 10-K, as amended, and filed with the SEC on May 13, 2021 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Special Note Regarding Forward-Looking Statements,” as well as in its subsequent reports on Form 8-K, as applicable, all of which can be obtained, without charge, at the SEC’s website (www.sec.gov). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

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CCC Media Contact: Michelle Hellyar
mhellyar@cccis.com

773.791.3675

Source: CCC Intelligent Solutions Inc.