CCC Intelligent Solutions wins 2022 IDC FinTech Rankings Real Results Award for CCC® Safekeep
CCC Intelligent Solutions Inc.a leading SaaS platform driving the non-life insurance economy, announced on September 13 that it is a 2022 winner IDC FinTech Rankings The Real Results Award, which recognizes technology providers who have enabled genuine, measurable and forward-looking change at a client financial institution.
The company was recognized with an efficiency and agility award for its CCC® Safekeep AI-powered subrogation platform and its work to improve subrogation outcomes for Root insurance.
The Real Results Awards are published in conjunction with the most comprehensive vendor ranking in the financial services industry, the annual IDC FinTech Rankings, which ranks companies based on 2021 calendar year revenue attributable to financial institutions. CCC ranks #47 out of 100 financial technology providers.
“Congratulations to the CCC team for their work in bringing a powerful and differentiated approach to subrogation,” said Mark LeMaster, head of claims and customer service for Root. “We believe this technology will provide meaningful value to the recovery of subrogation over time.”
Added Jeff Twosenior vice president of CCC Safekeep, “CCC is pleased to be recognized by IDC for our CCC Safekeep subrogation platform. Our solution has proven to customers like Root that CCC Safekeep can help claims organizations significantly reduce their loss rates. Through AI and insurance connections we transform subrogation identification and recovery.”
CCC Safekeep uses a combination of machine learning, natural language processing, insurance company rules and predictive models to score and prioritize claims for more efficient subrogation administration. Safekeep technology also allows insurers to digitally package documents and automate workflows, removing manual touchpoints to accelerate and improve subrogation outcomes.
“As the industry recovers from years of disruption, the case studies submitted to this year’s IDC FinTech Rankings Real Results program demonstrated a strong return to innovation across all areas of the financial services industry,” said Jerry Silva, vice president of IDC Financial Insights. “IDC congratulates the vendors who helped financial organizations get back into the business of innovation.”
Learn more about CCC Safekeep.
Source: CCC Intelligent Solutions Inc.
