CCC Intelligent Solutions appoints new president
Welsh will head all market-facing functions to support CCC's clients in their digital transformation.
He recently led a digital overhaul at US Bank within the $10bn consumer and small-business banking division.
His background includes more than 26 years at McKinsey & Company, where he provided operational guidance to property and casualty (P&C) and life insurers.
During his tenure at McKinsey, he served as senior partner and was elected to the company's shareholders council, akin to the board of directors.
He also took charge of McKinsey's global learning and development initiatives.
CCC chairman and CEO Githesh Ramamurthy said: 'Tim's extensive expertise across the insurance economy and in digital transformation will help our customers accelerate their journeys with confidence. He comes with a deep working knowledge of the broader industry that will enable him to make an immediate impact on our repair, insurance and auto manufacturing customers.'
Welsh added: 'I am very excited to join CCC and help customers accelerate their digital evolution. CCC's industry-leading AI, expansive network and CCC IX Cloud™ platform are foundational to these efforts. The team is unmatched in their understanding of how customers from independent repair facilities to the largest carriers can leverage these tools to meet their needs.'
Last month, the company concluded a $730m deal to acquire EvolutionIQ, which specialises in managing disability and injury claims.
CCC disbursed 60% of the purchase price in cash, while the remaining 40% was settled in CCC Intelligent Solutions Holdings common stock.
"CCC Intelligent Solutions appoints new president " was originally created and published by Life Insurance International, a GlobalData owned brand.
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