CCC Information Services Inc. (CCC) announced the acquisition of Auto Injury Solutions, Inc. (AIS), formerly a division of Concentra Incorporated, a division of Humana Inc.
“We’re thrilled to welcome Matt Elges and his team to the CCC family. The acquisition of AIS is an important step in the continued execution of our strategy to expand into adjacent segments in order to better service the auto claims market,” said Githesh Ramamurthy, chairman and chief executive officer of CCC. “Together, our platform will be able to leverage proven technology, advanced data analytics and world-class customer service to provide customers with an array of solutions to optimize processes across the full auto claims management spectrum.”
Elges said, “The combination of CCC and AIS represents a strong strategic fit that will enable us to expand our reach and leverage our collective strengths in developing innovative new solutions for our customers. I am excited about the compelling opportunities the transaction presents for our customers and our employees.”
Terms of the transaction were not disclosed.
Source: CCC Information Services Inc.
Was this article valuable?
Here are more articles you may enjoy.
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why. 
Indian News Agency Sues OpenAI for Copyright Violation 
Changing the Focus of Claims, Data When Talking About Nuclear Verdicts 
US Charges Five in ‘Scattered Spider’ Hacking Scheme 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.