Contract Technical Recruiter & Sourcer, EvolutionIQ

The company's offering is certainly an attractive one for businesses handling large volumes of these claims - the solutions aim to help insurance providers detect and prevent fraud without impacting their productivity and customer experience. Historically, the insurance industry has had access to vast amounts of data without optimising its use. EvolutionIQ's machine learning algorithms harness the learnings from every data point, enabling much more well-informed, actionable insights.

In 2024, CCC Intelligent Solutions acquired EvolutionIQ, which will continue to operate as a standalone company. Following a successful VC funding round, it reached a valuation of over $200 million and is now focused on further product development and international expansion. Off the back of this, it hopes to capture a larger slice of this $10 billion market.