Recently, CCC Information Services Inc., a leading global insurtech company. With the successful signing of cooperation agreement with Guoren Property Insurance Co., LTD., Guoren Property Insurance will fully adopt the basic data of CCCIS vehicle accessories, intelligent vehicle insurance claims management, intelligent human injury management solutions in the next three years, to enhance the effectiveness of claims management with technology.
Guorun Property Insurance chooses CCCIS as its partner in science and technology strategy because CCCIS has been committed to providing information technology solutions related to automobile insurance, aftermarket, human injury management, Internet of vehicles and artificial intelligence for the industry since its establishment nearly 40 years ago. It has more than 350 insurance companies in the United States. More than 25,000 repair enterprises and thousands of parts suppliers to provide services of rich experience.
After nearly ten years of experience in the Chinese market, CCCIS has localized its R&D, delivery and service system, and customized solutions that meet China's national conditions and characteristics for Chinese customers. The vehicle basic database created by CCCIS for Guren Property Insurance contains the most complete price information of all-brand vehicle models, accessories, working hours and accessories in China. After more than three years of development by hundreds of people, it has surpassed the current level of the industry in terms of accurate vehicle stereotyping and parts determination. Meanwhile, based on the deep processing of the attributes of the case parts, The risk control ability of the vehicle loss and maintenance logic of CCCIS has made a qualitative leap, which will greatly improve the vehicle claim management level of insurance companies.
The cooperation agreement between CCCIS and Guren Property Insurance also includes the intelligent human injury claim management system recently developed by CCCIS China. CCCIS has more than 30 years of experience in the field of human injury. On the basis of reviewing tens of billions of dollars of medical bills every year and processing tens of millions of pages of paper medical data, CCCIS integrates and relates hundreds of millions of historical car damage claims in the system to create a "human-vehicle integration" solution, spanning car/object damage and human injuries and establishing a data science correlation between them. It covers intelligent reporting and automatic human injury workflow, and conducts injury prediction and estimation through injury science intelligent prediction of human injury after vehicle accident. Based on refined human injury data and three intelligent risk control models of human injury, intelligent fraud prevention and refined risk control, comprehensive risk control of human injury cases is carried out.
Regarding the cooperation with CCCIS in the field of auto insurance claim settlement, basic data and human injury management, Li Gongni, Vice President of Guoren Property Insurance Co., Ltd. said: "CCCIS is a technology enabter we trust very much. Our solid foundation in the field of insurance technology makes us full of confidence in this strategic cooperation. We hope that under the help of CCCIS technology, Guren Property Insurance can accelerate the realization of digital transformation, and obtain the dual improvement of customer satisfaction and claims management ability."
Du Xiaochuan, director of insurance business of CCCIS China, said: "Since 2010, CCCIS has introduced nearly 40 years of experience and insight in insurance services in the United States into China. After 10 years of intensive work in China's insurance technology field, CCCIS has established a good reputation among Chinese insurance industry users for its auto insurance nuclear loss management system. Insurance companies particularly value the risk control capability of our system in the loss determination process. In this cooperation with Guoren Property Insurance, we will show to Guoren, and through Guoren to the whole industry, the comprehensive, three-dimensional and intelligent scientific and technological capabilities of CCCIS from the basic data of vehicle models, to the management of vehicle items and nuclear damage, and to the management of human injury claims. Next, CCCIS will continue to introduce a number of high-tech products that have been commercially put into production by the American parent company into China step by step for localization, such as picture intelligent loss control, vehicle networking, total loss early prediction and so on. I believe that with nearly 40 years of technology and experience in the United States, and 10 years of continuous R&D investment and practice in China, CCCIS will surely serve all our customers in China well, and grow together with the Chinese insurance industry."
About Guoren Property Insurance Co., LTD
Guoren Property Insurance Co., LTD., formerly Cinda Property Insurance Co., LTD., is a national insurance company established in Beijing in August 2009 with the registered capital of RMB 3 billion, approved by the insurance regulatory department. In January 2018, the company name was changed from Cinda Property Insurance to Guren Insurance. At the end of March 2019, the company's registration place was moved to Shenzhen, and now it has two headquarters in Shenzhen and Beijing.
By absorbing the innovation gene of Shenzhen, combining geographical advantages and relying on its own resource endowment, Guoren Insurance has formed a business pattern and integrated development mode featuring "three chariots and three arrows" of traditional business, science and technology insurance and investment and capital management through innovation and reshaping of traditional management mode, business mode and business model, and vigorously promotes the construction of core capabilities driven by data technology. To realize the digital transformation of the company, help the company achieve high-quality development, continuously enhance the value of the company, and strive to become an intelligent digital-driven technology finance company for employees, technology and the future, and strive to build an outstanding brand of "the best technology service insurance company" in the Guangdong-Hong Kong-Macao Greater Bay Area.
About CCC Information Services Inc.
CCC was founded in 1980 and headquartered in Chicago, USA. As a leading software, technology and consulting service provider in the United States, CCC provides advanced automotive insurance, automotive aftermarket, Internet of vehicles, artificial intelligence and human injury solutions to property insurance companies, maintenance enterprises, Oems and parts suppliers. Its customers cover more than 350 insurance companies, more than 25,000 maintenance enterprises and nearly 1,000 auto dealers in the United States.
CCC officially entered China in 2010, and its R&D, delivery and service system have been localized. It has provided intelligent auto insurance solutions for many domestic top ten property insurance enterprises, and regularly provides data analysis and consulting services. By the end of 2018, the number of accident vehicles using CCC solutions for claims management and aftermarket operation reached 25 million annually. On this basis, CCC China is also constantly exploring, the blood of new technology into the auto insurance claims management process, AI photo loss, Internet of vehicles and intelligent human injury solutions are in continuous research and development, and will be put into use.
