Latest news with #CCCIntelligentSolutions
Yahoo
02-05-2025
- Business
- Yahoo
CCC to integrate EvolutionIQ AI tech into auto casualty suite
CCC Intelligent Solutions has unveiled plans to expedite the integration of EvolutionIQ's AI technology into its auto casualty claims offerings. The aim is to enhance claims processing capabilities with AI-based analysis and recommendations. This announcement follows CCC's acquisition of EvolutionIQ, which was finalised in January this year. Medhub for Casualty will be the first in a series of upcoming offerings to utilise EvolutionIQ's claims guidance throughout the auto casualty claims life cycle. In collaboration with CCC Injury Evaluation Solutions, the solution aims to provide casualty adjusters with medical insights to facilitate claims decisions. Medhub for Casualty's capabilities include the automatic extraction and synthesis of essential medical insights from extensive medical records. This function aids adjusters in the review and application of medical documentation to evaluate claims and devise optimal strategies. Furthermore, it simplifies the handling of medical documentation by offering detailed search, filtering and parsing capabilities. This enables users to identify details such as provider notes, appointments, diagnoses, treatments and prescriptions for optimal claim resolutions. Medhub for Casualty is due to be released in the third quarter of 2025. CCC anticipates introducing more AI-based claims guidance products that address various challenges within the auto casualty claims life cycle in future quarters. CCC chief product and technology officer John Goodson said: 'EvolutionIQ has pioneered AI-powered medical record synthesis, moving the role of AI beyond simple summarisation to surface-critical insights that are most important for claims teams to focus and act on. 'The opportunity to bring EvolutionIQ's capabilities to our casualty customers was a key rationale for our acquisition, and we are excited that faster than anticipated progress in this area will enable us to launch solutions this year and deliver smoother and more intelligent experiences for everyone involved.' EvolutionIQ vice-president of product Matt Gillespie stated: 'We developed the Medhub platform for claims professionals to quickly understand the key insights and most actionable information, ensuring every claim is handled with precision. 'With Medhub, our customers in other lines of insurance report more efficient review processes, more accurate summarisation and better targeted use of specialists on claims. We can't wait to bring similar benefits to auto casualty.' "CCC to integrate EvolutionIQ AI tech into auto casualty suite " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
19-03-2025
- Business
- Associated Press
EvolutionIQ's AI-Powered Specialist Intervention Optimizes Workers' Compensation Claims Management
NEW YORK, March 19, 2025 /PRNewswire/ -- EvolutionIQ, a leader in AI-driven claims solutions, has announced the findings of its latest case study highlighting the impact of its Intervention product on workers' compensation claims. The case study reveals how AI-powered Intervention enables insurance carriers to engage medical specialists earlier, improve referral accuracy, and drive better claim outcomes—leading to more efficient case management and improved experiences for injured workers. The workers' compensation industry is facing rising claim complexity, increased regulatory demands, and workforce challenges, making proactive, AI-driven claims management more essential than ever. Revolutionizing Claims Handling with AI 'Claims professionals are managing heavier caseloads than ever before, and they need tools that help them act with greater precision,' said Mike Saltzman, Co-CEO of EvolutionIQ. 'This study demonstrates that AI-powered Intervention is a game-changer, getting the right resources deployed at the right time—not only reducing inefficiencies but also driving better recovery outcomes for injured workers.' EvolutionIQ's Intervention product continuously monitors structured and unstructured claims data, identifying claims that require medical specialist involvement earlier than traditional methods. By providing claims teams with clear, explainable AI-driven recommendations, the solution empowers them to proactively take action rather than reactively. The Future of AI in Workers' Compensation The adoption of AI-powered solutions like EvolutionIQ's claims insights platform is reshaping claims management, shifting the industry from a reactive to a proactive approach. As more workers' compensation carriers embrace this technology, the claims process is becoming more efficient, precise, and aligned with the needs of injured workers and claims teams alike. EvolutionIQ, a CCC Intelligent Solutions company, pioneered Claims Guidance technology in 2019. Its AI-powered solutions guide insurance claims professionals to their highest potential impact on bodily injury claims, including specific next-best-action guidance and medical synthesis and insights. EvolutionIQ improves the claimant experience and delivers better claim outcomes to claimants, carriers, and their customers. The company serves group disability, individual disability, and workers' compensation markets worldwide.
Yahoo
28-02-2025
- Business
- Yahoo
CCC Intelligent Solutions appoints new president
CCC Intelligent Solutions (CCC) has named Tim Welsh as its new president, effective from 24 March. 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. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
