CCC Intelligent Solutions Recognized in Prestigious IDC FinTech Rankings Real Results

Rhea-AI Summary

CCC Intelligent Solutions has been recognized as one of the top 100 financial technology providers by IDC, debuting at #47. This ranking evaluates providers based on revenue generated from financial institutions. The company’s cloud platform connects over 30,000 businesses, enhancing the claims process in the P&C insurance sector. Additionally, CCC received a Real Results Award for its AI-driven CCC Safekeep platform, which improves subrogation outcomes. This recognition underscores CCC's contribution to innovation and operational excellence in the financial services landscape.

Positive

• Ranked #47 among global fintech providers by IDC.
• Recognized with a Real Results Award for CCC Safekeep, improving subrogation for Root Insurance.
• Connects over 30,000 businesses via cloud technology, enhancing efficiency in the P&C insurance industry.

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• None.

CCC Named to the Top 100 List of Global Financial Technology Providers

CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform powering the P&C insurance economy, has been named a top 100 financial technology provider by market intelligence firm IDC as part of their 19th annual IDC FinTech Ranking Real Results program.

Debuting at #47 out of 100 financial technology providers, CCC joins the prestigious IDC FinTech Rankings Real Results list, which categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services.

“CCC is honored to be recognized by IDC as a top provider of financial technology. CCC is digitizing the P&C insurance economy, accelerating the industry's vision for straight through processing," said Shivani Govil, chief product officer for CCC. “Through our cloud platform and advanced AI, CCC connects more than 30,000 companies, enabling them to provide a claims process that results in faster resolution and better experiences for their customers.”

In addition to ranking #47 on the IDC FinTech Rankings Real Results list, CCC was also recognized with a Real Results Award for its CCC® Safekeep offering. The AI-powered subrogation platform, CCC Safekeep won in the Efficiency and Agility category for its work improving subrogation outcomes for Root Insurance.

“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” said Marc DeCastro, Research Director at IDC Financial Insights. “The IDC Fintech Rankings, now in its 19th year, is the global standard list of fintech providers to the industry, and we congratulate the 2022 winners.”

To thrive in a digital economy, financial services organizations must embrace innovation and integrate innovative technology effectively to enhance the customer experience and achieve operational excellence. CCC Intelligent Solutions and the vendors featured on the IDC FinTech Rankings represent those providers committed to helping financial institutions successfully execute their digital transformation initiatives to the betterment of their customers.

Learn more about CCC.

IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download from http://www.idc-fi.com and on Twitter look for #IDCFinTechRankings.

About CCC

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (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.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com or follow IDC on Twitter at @IDC.

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 use and performance of CCC’s solutions. 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 most recently filed Form 10-K by CCC with the Securities and Exchange Commission (“SEC”) on March 1, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220913005849/en/

Michelle Hellyar, 773.791.3675

mhellyar@cccis.com

Source: CCC Intelligent Solutions Inc.

FAQ

What position did CCC Intelligent Solutions achieve in the IDC FinTech Rankings?

CCC Intelligent Solutions ranked #47 in the IDC FinTech Rankings.

What is the significance of the IDC FinTech Rankings to CCC?

The IDC FinTech Rankings highlight CCC's commitment to enhancing digital transformation for financial institutions.

What award did CCC receive in the IDC recognition?

CCC was awarded a Real Results Award for its CCC Safekeep platform.

How many businesses does CCC connect through its platform?

CCC connects over 30,000 businesses through its cloud platform.

What sector does CCC primarily serve?

CCC primarily serves the P&C insurance economy.