CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use machine learning-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters augmented intelligence that helps them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2016, CLARA Analytics is headquartered in California’s Silicon Valley.

New York Presbyterian Ventures

Oak HC/FT

Aspen Capital Group

Spring Lake Equity Partners

QBE Ventures

CLARA Analytics

Bad News Alert!!! Claim severity is rising for personal auto liability.  The combined ratios are 10% worse than the 10-year average and median combined ratios for the line.  This bad news is exactly why you need CLARAty.ai by CLARA Analytics to optimize your claim outcomes.  Our customers see their losses drop by 5% when following our #AI-generated predictive alerts.   AI decision support tools should be on your 2024 strategic plan.  

#augmentedintelligence #claimsmanagement #autoliability
https://lnkd.in/gHNguRq8

Our Chief Product Officer, Mubbin Rabbani, contributed thought leadership to Insurance Innovation Reporter around the symbiotic relationship between core admin systems and AI platforms like CLARA Analytics.  It's worth a read.

Our onboarding team has an evolving playbook for sourcing data from multiple upstream systems. We've integrated with off-the-shelf claims solutions and homegrown ones!

Generative AI will certainly attract more insurance companies in 2024.  Don't be late to the party! CLARA's AI platform for claims, CLARAty.ai, will jump start your AI strategy for claims.  

Gen AI alone isn't the answer, but combining powerful predictive analytics and large insurance datasets like our own contributory database of closed claims can enable real efficiencies and loss cost savings.  More importantly, the injured claimant will get the best customer experience and health outcomes.  

Great article Digital Insurance!  

#genai #augmentedintelligence #ai #claimsmanagement 

https://lnkd.in/gecsFDgK

Having an intelligence layer integrated with your core claims systems or risk management systems is becoming table stakes for the modern insurer and modern risk manager.  Check out this quick read from our Chief Product Officer, Mubbin Rabbani for some best practices and issues to avoid in his latest article for Insurance Innovation Reporter.  

"Integration, or lack thereof, of well-built AI algorithms and decision models with a company’s core technology infrastructure is the leading factor associated with AI initiative success or failure."

CLARA has integration capabilities with powerful core claim systems like Origami Risk and Guidewire Software.  Reach out to learn more on how we put the AI in claims!

#claimsmanagement #augmentedintelligence #AIbestpractices 

https://lnkd.in/gXDUSdjR

#AI must be part of your strategic plan for 2024.  What was science fiction is now becoming tablestakes to compete.   Claims organizations are becoming empowered with the tremendous power of AI.  There are some great capabilities outlined in this article from Insurance Innovation Reporter. 

Check out claraanalytics.com when your claims team is ready to adopt AI.  Don’t be late to the party!

#claimsmanagement  #augmentedintelligence #moderninsurer

https://lnkd.in/gjyZ-ytR

Check out our own Gabe Cossio as he talks about the future of #AI and the impact on the user and customer experience.  Gabe was taped live from #itcvegas2023 with the The Insurance Podcast Show.  Very cool to have CLARA Analytics highlighted on the very first episode. All the best of luck to Curt Wyatt and the rest of the team The Insurance Podcast Show.  


#claimsmanagement #augmentedintelligence

"According to panelists at several sessions during last week’s annual Workers Compensation and Risk Conference, the question for employers is whether to settle or fight. There’s a growing consensus that settling can be the best option for such so-called runaway claims, but there are red flags that may signal plausible defense, the experts said." 

CLARA's Litigation product on our CLARAty.ai platform gives you insight to help you drive a legal strategy.  Get settlement guidance and get specific past performance grades for both defense and plaintiff attorneys involved.  

https://lnkd.in/gBfFJwXj

🦃🍁 There is much to be grateful for as we celebrate Thanksgiving and look back this year to all of the great things accomplished by our amazing partners, customers and CLARA team members.  

This year has been filled with exciting milestones and groundbreaking achievements with the launch of our new platform CLARAty.ai! We are thankful for the opportunity to lead the way in optimizing casualty claims outcomes through the power of AI.

Thank you to our incredible customers and partners who trust us to navigate the complexities of casualty claims. Your feedback drives us to continually push boundaries and deliver cutting-edge AI-powered solutions. 

To the amazing CLARA Analytics team, your passion, expertise, and relentless focus on optimizing casualty claims have been the driving force behind our success. Each one of you plays an integral role in shaping the future of claims management. 

Wishing everyone a joyful Thanksgiving filled with loved ones, warmth, and amazing food! 🦃🍁

 #AI #Insurtech #Thanksgiving #CasualtyClaims #Gratitude #ClaimsManagement

What does a meerkat have to do with claims management?

CLARAty the meerkat is always on the lookout for signs that the claim is about to escalate. 

Like her namesake platform, CLARAty is a claims professional’s co-pilot, providing guidance and advanced risk analysis. 

The CLARAty.ai platform provides a complete picture of your casualty claims, helping to:

-Accurately segment claims
-Decrease litigation
-Optimize legal strategies
-Improve treatment outcomes

Let CLARAty help you accelerate your AI adoption and save millions—learn more at the link in the comments. 

#insurtech #claimsmanagement

Meet CLARAty.ai, the ultimate AI platform for claims professionals.

CLARAty.ai is CLARA’s mature AI platform with generative and predictive AI models developed specifically for casualty claims.

The platform serves as a claims professional co-pilot, providing guidance and advanced risk analysis while seamlessly integrating with your claims or RMIS systems to proactively manage claims exposure and reduce losses.

Accelerate AI adoption and solve real claims problems with a holistic casualty claims intelligence platform by CLARA Analytics. 

#insurtech #claimsmanagement

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FRISS

CLARA Analytics is a leading casualty Claims Intelligence Platform that provides AI decision support for adjusters at carriers, MGA/MGUs, reinsurers, and self-insured organizations. The company offers solutions to address the biggest claims challenges, such as rising medical costs, indemnity expenses, attorney involvement, and manual document review.

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