CCC™ X Data Exchange Powers Telematics Innovations for State Auto
"We're excited to extend our partnership with CCC as we move forward together toward a more innovative future," said
CCC X aggregates and normalizes connected data from a rich variety of sources including beacons, dongles, mobile applications, fleet and professional devices, and connected cars. Powered by the CCC ONE™ Platform, CCC X passes connected car 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, increased claims automation, and more.
For State Auto, CCC X:
- Receives data streamed from multiple sources, including a major OEM and a third-party device provider. Within the OEM program CCC has made available to the market, State Auto will use actual driving behavior to identify consumers to engage with by advertising discounted insurance policies.
- Ingests telematics data from enrolled vehicles and provides additional analytics to help identify when an enrolled State Auto-insured vehicle is involved in an accident. Information regarding the potential accident is shared automatically with a State Auto first notice of loss representative, initiating the first steps in a comprehensive claims experience. State Auto can use this data to inform its decision-making in real-time, including vehicle routing and preferred method of inspection (based on carrier guidelines).
"CCC is proud to serve as the engine for State Auto's telematics and connected data efforts," said
CCC's hyperscale platform has processed data for billions of trips. The company has also processed nearly 200 million claims, including vehicle total loss valuations and vehicle repair estimates, making CCC X uniquely capable of enriching connected data in ways that support new business opportunities for customers and new experiences for consumers. CCC solutions are in use by more than 350 insurers, numerous OEMs, 24,000 collision repairers, and a range of third-party data and service providers.
Learn more about the CCC X™ data exchange.
About CCC
CCC, together with its affiliates, provides cross-industry solutions to support the vehicle lifecycle. Founded in 1980, CCC's solutions and big data insights are delivered through the CCC ONE™ platform to a vibrant network of 350+ insurance companies, 24,000+ repair facilities, OEMs, hundreds of parts suppliers, and dozens of third-party data and service providers. Annually, over 24 million estimates and 16 million repairs in are processed on CCC's products and services, and CCC also provides access to car-related services for millions of consumers via carwise.com. Additionally, 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 solutions inform decision-making, enhance productivity, and help customers deliver faster and better experiences for end consumers. Learn more about CCC at cccis.com.
About State Auto Insurance Companies
State Automobile Mutual is part of the
CCC and the CCC logo are registered trademarks, and CCC ONE is a trademark, of
View original content to download multimedia:http://www.prnewswire.com/news-releases/ccc-x-data-exchange-powers-telematics-innovations-for-state-auto-300765945.html
SOURCE
Global Automotive Telematics Insurance Market, 2022: Focus on Usage-based Insurance, Smartphone, Hardwired, OBD, Aftermarket, OEM Fitment, Supply Chain, Passenger Vehicle, and Commercial Vehicles – ResearchAndMarkets.com
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News