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AI Driving Growth in Insurance
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The insurance industry sees rising demand for AI solutions, exemplified by CCC Intelligent Solutions' success in processing a record number of U.S. auto insurance claims using AI in 2023. CCC's revenues for Q4 2023 and the full year marked significant increases, reaching $228.6 million and $866.4 million, respectively. The company also generated $250 million in operating cash in 2023.
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How might the increased use of AI impact traditional insurance workflows?
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What ethical considerations arise from AI integration in the insurance sector?
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