CCC Intelligent Solutions successfully exited with a €2.8 million return after enhancing its cloud-based platform for the insurance industry under the stewardship of Advent International.

Target Information

CCC Intelligent Solutions specializes in the digitalization of claims processes within the insurance industry. This company has developed a cloud-based software platform that connects over 35,000 entities across the insurance ecosystem, including insurers, repair shops, automobile manufacturers, and parts suppliers. With the aim of simplifying claims processes and enhancing collaboration among stakeholders, CCC efficiently utilizes data while ensuring transparency and expedited handling of insurance damages.

Under the ownership of private equity firm Advent International, CCC Intelligent Solutions has seen significant expansion in its service offerings and has strengthened its market position. The company's growth has been bolstered by the increasing demand for comprehensive digital solutions throughout the insurance sector, culminating in a successful exit that marks the conclusion of this value creation phase.

Industry Overview

The insurance industry in Germany is undergoing a transformative change that emphasizes the importance of digitalization. With a shift towards more automated and technology-driven solutions, companies like CCC Intelligent Solutions are spearheading efforts to stre