CCC Information Services Inc. has signed a definitive agreement to acquire Injury Sciences LLC, a provider of scientifically-based analytic tools used by insurance carriers to help identify fraudulent and exaggerated injury claims associated with automobile accidents. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries.
“Injury Sciences is the pioneer of injury causation technology and we are thrilled that they will become part of the CCC family,” says Githesh Ramamurthy, chairman and CEO of CCC. “With their addition, CCC will be able to leverage the synergy between the most advanced scientific software for the analysis of vehicle damage and related auto injury claims with the auto claims database. This is a tremendous opportunity to further advance our market-leading position in predictive analytics.”
“We are excited about the opportunity to be a part of CCC,” adds Scott Palmer, president and CEO of Injury Sciences. “For many years, CCC has shared our vision of scientifically leveraging auto physical damage analysis to proactively deter the high cost of fraudulent injury claims.”
The combined capabilities will enhance the company’s offerings particularly for customers in the auto insurance industry, through an increase in access to collision data and tight integration with the CCC workflow platform, Palmer says.
Neither company has disclosed the terms of the acquisition.