Summary
CCC is offering CIECA standard based communication to the salvage industry. A segment traditionally dominated by other providers.
Analysis
CCC is becoming the first to offer CIECA standard based communication to the salvage industry. A segment traditionally dominated by other providers. The industry vision for future improvements in subrogation includes electronic collaboration between carriers and the vendor supply chain With a CIECA standards based communication protocol in place, there is less reliance on manual methods of moving volumes of data helping reduce cycle time and expenses. This should establish a push/pull market drive with both carriers and supply chain asking each other to connect to CCC’s platform. This offering is a positive move for the future of CCC.
This author consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
