AI Adoption by Auto Insurers Grows Exponentially in 2020 - automobilsport.com

CCC, an AI Leader in Insurance Technology, Reports a More Than 50 Percent Year-Over-Year Increase in the Application of Deep Learning for Claims Processing CCC Information Services (CCC), an AI leader in insurance technology, reports a more than 50 percent year-over-year increase in claims processed using deep learning. The company also reports that more than 5 million unique claims have been processed using a CCC deep learning AI solution, and the number of claims using two or more of its AI applications has more than doubled year over year. Today, more than 75 auto insurers are actively applying CCC's advanced AI to power claims decisions and improve policyholder experiences. "The growth we're seeing in AI adoption is tied to our proven ability to deliver actionable insights with advancing precision," said John Goodson, senior vice president, technology, CCC. "The CCC Cloud platform is built for speed and scale, and today processes 2.7 billion transactions per day. We are powering AI innovations at scale and are proud to help each client use AI to provide a tailored experience for their customers."