🚨 $DGNR/ @CCCInfoServices: Leading SaaS platform in the auto insurance economy.

- 2020 Revenue: $600m
- $100bn in transaction volume
- $6.5bn valuation
- Network of 300+ insurance companies
- AI, IoT, Machine Learning (Potential Ark play?)

Time for a thread 🧵⬇️
CCC's solutions and big data insights are delivered through the CCC ONE® platform to a vibrant network of 300+ insurance companies, 25,000+ repair facilities, OEMs, hundreds of parts suppliers, and dozens of third-party data and service providers. $DGNR
CCC and Volkswagen Car-Net announced that CCC has become the automaker’s exclusive provider of insurance telematics services for the newest generation of VW Car-Net, included in most model year 2020 and 2021 vehicles.

https://media.vw.com/en-us/releases/1370 $DGNR
"CCC estimates and AI-supported claims have expanded at record pace exceeding double-digit growth since the beginning of the year. The rapid adoption of digital technology is in direct response to social distancing and work-from-home protocols."

https://www.automotiveworld.com/news-releases/ccc-information-services-reports-accelerated-growth-of-photo-estimate-and-ai-supported-claims-in-response-to-covid-19/ $DGNR
CCC announced the availability of CCC® Quick View (Quick View), enabling auto underwriters to efficiently and affordably complete vehicle inspections virtually by offering policyholders a mobile app to easily capture photos."

https://www.prnewswire.com/news-releases/ccc-information-services-inc-extends-mobile-ai-capabilities-to-deliver-virtual-vehicle-inspection-solution-to-underwriters-301076750.html $DGNR
"CCC has signed an agreement with PDP Group (PDP) to digitally connect lenders on the PDP platform to insurers as part of the CCC® Total Loss Care workflow."

https://www.prnewswire.com/news-releases/ccc-integrates-with-amyntas-pdp-group-digitizing-connections-between-lenders-and-insurers-301191474.html $DGNR
State Auto has selected CCC as its first-party casualty solution provider, extending the companies' relationship. Now State Auto can manage auto physical damage and first- and third-party casualty claims through a single digital workflow.

https://www.prnewswire.com/news-releases/state-auto-extends-partnership-with-ccc-to-include-first-party-casualty-301183203.html $DGNR
CCC announced the expansion of its digital customer experience offering to include two-way, real-time text capabilities.

https://www.prnewswire.com/news-releases/ccc-connects-insurers-and-policyholders-through-two-way-real-time-texting-301155278.html $DGNR
More Partnerships: Service King Accelerates Innovation and Streamlines Operations with Systemwide Transition to CCC ONE® Repair Management Technology and the CCC® Parts Network

https://www.prnewswire.com/news-releases/service-king-names-ccc-its-parts-ecommerce-provider-following-successful-pilot-301113497.html $DGNR
AI and telematics deliver smarter risk analysis and stronger customer loyalty, as Jason Verlen of CCC Information Services explains.

https://www.intelligentinsurer.com/article/how-ai-and-telematics-deliver-smarter-risk-analysis $DGNR
'20 est. - $598M rev. / 5%
'21 proj. - $675M rev. / 13%

$7.05B EV / $150M PIPE

Credits: @DJohnson_CPA

$DGNR Investor Presentation: https://www.dragoneergrowth.com/wp-content/uploads/2021/02/CCC-Investor-Presentation-2021.pdf
To wrap it up, a slide from Ark Invest's Big Ideas 2021. Deep learning could be the most important software breakthrough of our time, adding $30 trillion to global equity market cap during the next 15-20 years. $DGNR
🚨 Disclaimer: Nothing contained in this thread should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific profit.
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