CCC Intelligent Solutions completed the acquisition of EvolutionIQ for $730m.

CCC Intelligent Solutions, a cloud platform provider for the P&C insurance sector, completed the acquisition of EvolutionIQ, an AI-driven platform specializing in disability and injury claims management, for $730m. “We are excited to officially welcome the EvolutionIQ team to the CCC family. The acquisition expands CCC’s market reach into strategic adjacencies – disability and workers’ compensation – while strengthening our industry-leading AI-powered SaaS platform through the addition of transformative AI capabilities, including Medical Summarization and Next Best Action, that will work to revolutionize how insurance claims are resolved," Githesh Ramamurthy, CCC Chairman and CEO.