CCC Information Services Inc. (CCC) was presented with American Honda's (Honda) distinguished Premier Partner Award in a ceremony hosted recently by President and CEO Toshiaki Mikoshiba in Manhattan Beach, Calif.
CCC Information Services Inc. (CCC) announced today that Dan Risley has joined the organization as vice president of quality repair and market development.
Susanna Gotsch of CCC said the industry is seeing an overall longer cycle time as vehicle technology advances and repair costs grow. Vehicle repair costs are projected to increase 2 to 3 percent annually.
CCC X can aggregate and normalize connected data from a rich variety of sources, including beacons, dongles, mobile applications, fleet and professional devices, and connected cars.
The insurance industry is embracing telematics at a rapid rate to remain relevant in the age of autonomous vehicles. CCC Information Services is pushing for that OEM-insurance partnership with CCC Drive, which is a telematics platform that allows a vehicle to automatically notify an insurer when a crash occurs—and helps the underwriter determine what happens next.
If insurance companies want to remain relevant among autonomous vehicles, they may need to partner with OEMs. And, as access to OEM vehicle data improves and telematics technology becomes more commonplace, those partnerships are ready to form—and it could have a profound impact on claims, vehicle repair and the entire automotive lifecycle.
CCC Information Services Inc. had reportedly been mulling a sale that valued the company at $3 billion, more than five times what it was bought for three years ago.
