By signing four contracts with new and existing insurance clients in Sep22, CCR has further widened its insurance sector offering. A new contract with Zurich Australian Insurance Limited (Zurich) and two contracts with new motor insurance specialists including Aioi Nissay Dowa Insurance Company Australia (ADICA) further expanded its relationship with one of Australia's largest insurance groups. Revenue from insurance clients is expected to grow 150% this year, from a total of $2.2m achieved in FY22 to $5.5m in FY23.

On 15 Sep 22, CCR provided a business update for the month of Aug22. With new clients onboarded in the past few months, growing debt referrals from the existing clients contributed significant growth in the month of August, with revenue reaching a new record of $3.28m.

The group's legal recovery businesses also produced strong growth in revenue for the month. The revenue run rate is now $39.4m2, and the company has achieved four consecutive months of operational profitability.

Awarded “Best use of AI” at the 7th Annual Australian Fintech Awards. The company was also been named an “Insurtech Start-up of the Year” finalist at 2022 Australian and New Zealand Institute of Insurance and Finance (ANZIIF) industry awards for its automation of third-party motor claims with potential Insurance clients building strongly in the pipeline.