A Lesser-Known Insurance Technology Stock
Our recent video on Lemonade offered up some shocking statistics on one of the largest industries in the world. Across the globe, over five trillion dollars of insurance premiums were written in 2021 which would make the insurance industry the third largest economy in the world. While we’ve been less than impressed with companies like Root and Lemonade that try to reinvent traditional insurance business models, selling technology solutions to insurance providers might make for a lucrative business. One such company is CCC Intelligent Solutions (CCCS), “a leading SaaS platform powering the multi-trillion-dollar P&C insurance economy.”
Autonomy Ahead
It’s worth saying again. Slapping a cover sheet on the 10-K and calling the whole thing an “annual report” is weak sauce. So is making people sit through a 30-minute video and calling it “the latest presentation.” Every publicly traded company needs to have – at a minimum – quarterly presentations that can be read by investors at their discretion (not webcasts) and an investor deck that spells out the value proposition and key metrics. Dig around enough and you’ll find the latter, though we’ll start with what CCC tells the SEC.
