Acquisition of AI leader helps to advance CCC’s
vision for straight-through processing across the claims
lifecycle
Safekeep is a leading enterprise platform
digitizing subrogation across P&C insurance lines of
business
CCC Intelligent Solutions (CCC), a leading SaaS platform for the
P&C insurance economy, announces it has acquired Safekeep, an
AI leader in subrogation claims management technology. Safekeep is
an enterprise platform that leverages AI to speed and improve
subrogation management across auto, property, workers' comp, and
other insurance lines of business. The acquisition of Safekeep is a
natural next step in CCC's vision to deliver end-to-end
straight-through claims processing.
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The acquisition of Safekeep extends CCC's AI-powered claims
software to include subrogation management, a critical function in
achieving claims resolution, and now part of CCC’s completely
digital, AI-enabled, end-to-end claims solutions. Safekeep
solutions are available to any insurer, including the more than 300
leading carriers already active on the CCC Cloud. Subrogation
protects consumers and insurers from paying for losses where the
insured is deemed not at fault or only partially at fault.
“Subrogation is a largely manual, time-intensive process
impacting every insurer across every line of business,” said Marc
Fredman, chief strategy officer, CCC. “Our insurance customers have
been asking for an intelligent way to automate the subrogation
process, which accounts for billions of dollars in administrative
costs annually. Jeff and the Safekeep team have built a
comprehensive platform, making it a highly celebrated insurtech.
The team and technology are a wonderful complement to the work
we’re doing at CCC to bring straight-through processing across
every facet of the claims experience.”
Safekeep applies a combination of machine-learning, natural
language processing, rules, and predictive models to score and
prioritize claims for more efficient subrogation management. The
Safekeep technology also digitally packages documents and automates
workflows, removing manual touch points to accelerate and improve
subrogation outcomes.
“Our team of insurance experts, data scientists, engineers, and
designers has reimagined what’s possible in insurance subrogation
management,” said Jeff To, founder and CEO of Safekeep. “The vision
of Safekeep aligns directly with CCC to support the digital
transformation of the P&C insurance economy to improve the
experiences of our clients and the experiences they deliver to
their customers.”
To learn more about Safekeep, please visit:
https://cccis.com/insurance-carriers/enterprise-solutions/subrogation/.
About Safekeep:
Safekeep, Inc. is a Top 10 Insurtech Insights Future50 company,
a Global Gold Winner in the Zurich Innovation Championship, a
Global Silver Winner of the Efma-Accenture Innovation in Insurance
Award and was Voted #1 by Plug and Play Tech's insurer sponsors.
The award-winning AI and enterprise platform leader, Safekeep is
digitizing subrogation across P&C insurance lines.
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.
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 digital and AI 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;
the ability to successfully integrate Safekeep's business,
processes, technology and products with CCC's; changes to
applicable laws and regulations; and other risks and uncertainties,
including those included under the header “Risk Factors” in the
definitive proxy statement/prospectus filed by Dragoneer Growth
Opportunities Corp. with the Securities and Exchange Commission
(“SEC”) on July 6, 2021, 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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version on businesswire.com: https://www.businesswire.com/news/home/20220207005789/en/
CCC Media Contact: Michelle Hellyar mhellyar@cccis.com |
773.791.3675
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