Market Capitalization (Millions $) |
6,906 |
Shares
Outstanding (Millions) |
642 |
Employees |
2,325 |
Revenues (TTM) (Millions $) |
921 |
Net Income (TTM) (Millions $) |
31 |
Cash Flow (TTM) (Millions $) |
11 |
Capital Exp. (TTM) (Millions $) |
40 |
Ccc Intelligent Solutions Holdings Inc
CCC is a leading provider of innovative cloud, mobile, AI, telematics, hyperscale technologies and applications for the property and casualty ('P&C') insurance economy. Our SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. Leveraging decades of deep domain experience, our industry-leading platform processes more than $100 billion in annual transaction value across this ecosystem, digitizing workflows and connecting more than 30,000 companies across the P&C insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufacturers, financial institutions and others.
Our company was founded on two pillars: car insurance claims and vehicle collision repair. We have been providing cutting-edge software solutions to the insurance and repair sectors for decades, including pioneering Direct Repair Programs ("DRP") in the United States ("U.S.") beginning in 1992. Direct Repair Programs bring together car insurance and collision repair shops to provide financial value for both sides, and they need the use of digital solutions to streamline interactions and administer partner programs. DRP connections from insurers to shops have established a significant network effect for CCCs platform, as insurers and repairers both benefit from being part of the broadest network to maximize prospects. This has resulted in a virtuous cycle in which more insurers on the platform create more value for the platforms collision businesses, and vice versa.
We think that through extending the depth and breadth of our SaaS products over many years, we have established ourselves as a premier insurance and repair SaaS supplier in the United States. Our insurance solutions assist insurance companies in managing mission-critical workflows across the claims lifecycle while also creating intelligent, dynamic experiences for their own consumers. Our software effortlessly connects with both old and current systems, allowing insurers to swiftly innovate on our platform. By digitizing procedures to accelerate company development, streamline operations, and enhance repair quality, our repair solutions enable collision repair facilities achieve superior performance across the collision repair cycle. We have over 300 insurers on our network, and our multi-tenant cloud platform connects them to over 27,000 repair facilities. We feel that our software is the architectural solution.
Our platform is intended to address the insurance industrys "many-to-many" dilemma. In todays market, there are several internally and externally produced insurance software solutions, with the great majority of apps focusing on insurance-only use cases rather than servicing the larger insurance ecosystem. To further automate interactions and optimize value for our consumers, we have focused establishing a leading network around our vehicle insurance and collision repair pillars. Tens of thousands of organizations engage in the insurance sector on our platform, including insurers, repairers, parts suppliers, car manufacturers, and financial institutions. Our products add value to each of these parties by allowing them to connect to our extensive network in order to cooperate with other businesses, streamline processes, and decrease costs.
Company Address: 167 N. Green Street Chicago 60607 IL
Company Phone Number: 621-8070 Stock Exchange / Ticker: NASDAQ CCCS
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