(Image credit: Adobe Stock.)
CCC Information Services Inc. (Chicago) has announced the general availability of the CCC X data exchange and the addition of 14 new partners who will contribute and use connected device and telematics data via the new exchange. The newly announced additions represent connected device providers, diagnostics providers, enablers of usage-based insurance (UBI) programs, and other service providers.
CCC X, powered by the company’s hyperscale CCC ONE platform, has the ability aggregate and normalize connected data from a rich variety of sources, including beacons, dongles, mobile applications, fleet and professional devices, and connected cars, according to the vendor. CCC X can pass that data to customers on the CCC network through software-driven workflows that serve the automotive ecosystem. Data accessed via CCC X can be deeply integrated into existing insurer business operations for UBI programs, underwriting, increased claims automation, and more. Similarly, it can be integrated into software services for repairers on the CCC network.
“The true value of connected data is rooted in what you can do with it,” comments Mac Fraser, GM, Telematics, CCC. “Unlike other exchanges, CCC X enables customers to put connected data to work. It works in conjunction with the CCC ONE platform where data is enriched, becomes more meaningful, is easily shared with users who value it, and can then be deployed into real-life experiences for our customers and the consumers they support.”
Among the most important potential benefits of CCC X is its capacity for transforming the claims and repair process, according to the vendor. The platform can ingest crash data at the point of impact, which can be used to increase the digitization of the claims process – including first notice of loss, determining the potential severity of injuries, estimating damage severity, repair scheduling, and beyond. CCC notes that it has processed over $1 trillion of historical claims and repair estimates.
CCC Network Additions Announced Today
The 14 companies announced by CCC represent a range of service providers capable of supporting a variety of use cases, including UBI, telematics-enabled claims, repair and safety-related services, and consumer engagement and loyalty programs. The CCC X facilitates access to the companies’ data through open application program interfaces (APIs). The companies are as follows:
Access Development: provider of location-based mobile coupons
Air Pro Diagnostics: provider of OEM-compliant scanning, diagnostics, and safety system calibrations
Assured Telematics Inc.: provider of fleet management solutions
asTech: provider specializing in diagnostic and vehicle electronic repair solutions
AutoEnginuity: provider of OEM-level, professional diagnostic scan tools
Azuga: provider of rewards-driven GPS fleet tracking and insurance telematics solutions
Baron: provider of historical, live, and forecast road weather data
CalAmp: provider of telematics solution enablement systems and services
Cambridge Mobile Telematics: provider of smartphone telematics and big data analytics
Danlaw: provider of automotive-grade aftermarket products that support various telematics services and verticals
Radius Networks: provider of Bluetooth® beacons for smartphone-based UBI programs
TrueMotion: provider of smartphone-powered UBI and Distraction programs
Urgent.ly: Provider of digital roadside assistance and secondary towing
Vehcon: provider of VIN, mileage, and visual verification technologies
“We’re thrilled to add these providers to our network,” CCC’s Fraser adds. “Each brings valuable data to the broad automotive ecosystem, which can be directly and seamlessly delivered to OEMs, insurers, collision repairers, and other interested parties. We look forward to working with each of them and welcoming more data sources to CCC X.”
Octo Telematics to Acquire Willis Towers Watson’s UBI Assets