CCC Intelligent Solutions (CCC), a cloud platform provider powering the P&C insurance economy, has signed a definitive agreement to acquire EvolutionIQ, an AI-powered platform for disability and injury claims management.
Under the agreement, EvolutionIQ’s founders and team will join CCC, leveraging its operational resources and extensive customer network to expand into core markets.
The acquisition strengthens CCC’s AI-powered SaaS platform by integrating transformative AI capabilities, designed to revolutionise insurance claims resolution, and extends its reach into strategic adjacencies.
CCC plans to integrate select EvolutionIQ capabilities across its customer base, enhancing its leadership in the P&C insurance sector and related markets.
This acquisition also complements CCC’s recently launched Intelligent Experience Cloud™ platform, which uses event-based architecture to provide actionable insights and AI-driven workflows to over 35,000 businesses. Together, CCC and EvolutionIQ aim to accelerate the shift toward intelligent experiences, unlocking new value for customers, consumers, and employees.
Githesh Ramamurthy, Chairman and CEO of CCC, highlighted, “Disability and injury claims are a large and growing part of the insurance economy and have become increasingly complex to manage and resolve.
“Acquiring EvolutionIQ adds proven, AI-powered injury claims resolution capabilities to our existing auto casualty product suite and accelerates CCC’s strategy of leveraging real-world AI to solve complexity across the broader insurance ecosystem. We expect EvolutionIQ’s Next Best Action capabilities and CCC’s connected network and event-based architecture to deliver a transformational leap forward for insurers and their ability to deeply integrate AI into their existing workflows, a critical step in unlocking the power and promise of AI for their business and their claimants’ experience.”
Michael Saltzman, co-founder and co-CEO of EvolutionIQ, commented, “We are thrilled to enter this next phase of EvolutionIQ’s growth as part of the CCC team.”
He added, “Our unique team of world-class insurance experts, data scientists, engineers, and customer success professionals have built category-creating technology that’s delivered tremendous value to our carrier customers, their employer policyholders, and claimants, all because of the possibility to accelerate return to health.”
Jonathan Lewin, EvolutionIQ co-founder and co-CEO, said, “CCC and EvolutionIQ share a common focus on customers and the need to bring solutions to market that empower more compassionate support of claimants managing their recovery. We are energized by the opportunity to continue this mission with CCC’s support so we can further accelerate and scale our offerings for disability and workers’ compensation insurers.”
Tomas Vykruta, co-founder and president of EvolutionIQ, remarked, “It is extremely rewarding to see our vision for empowering insurers in their pursuit of claims excellence at scale reach new heights.”
Ramamurthy concluded, “We are incredibly impressed by the EvolutionIQ team, and are excited to work alongside them as we continue to transform how insurers resolve claims. Together, CCC and EvolutionIQ will help insurers leverage AI more broadly to deliver a profound improvement across injury claim resolution, spanning auto casualty, disability, workers’ compensation, and general liability lines of insurance. This acquisition is an important step toward enabling our broader vision of making the claims and repair experience just work for our customers and theirs.”
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