CLARA Analytics provides AI-driven claims management for insurance, focusing on improving loss costs and claim expenses through technology and data insights. The company offers various products aimed at optimizing claims processes and enhancing operational efficiencies.

CLARA Analytics

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

QBE Ventures

Spring Lake Equity Partners

Nationwide Ventures

Anyone who’s anyone in the insurance industry (including CLARA!) is going to be in Las Vegas, October 15–17, for two must-attend conferences!

Will you show up and stake your claim on the future of insurance? ♠️

Come speak with our AI claims experts at … 

— InsureTech Connect: Booth #2230
— National Workers' Compensation and Disability Conference: Booth #649

See you there!

#ITCVegas #NationalComp #WorkersCompensation #ClaimsManagement #AI

🎉 We're thrilled to share that CLARA Analytics has been named one of CB Insights' Top 50 Most Promising Private Insurtech Companies! 🌟 

This recognition is a testament to our team's dedication and innovation in AI. A big thank you to CB Insights for recognizing our efforts through their comprehensive evaluation process. We're excited for what the future holds! 🚀 

Check out the full list of honorees here ➡️ https://shorturl.at/JSgcM

#Insurtech #Innovation #CLARAAnalytics

"The bottom line is that insurers should feel confident about deploying AI in their more complex operations as long as transparency is paramount and they continue to monitor regulatory developments."

https://lnkd.in/g8qH-QUX

🚀 Exciting News! 🚀

IAT Insurance Group is taking a bold step forward in claims management by adopting Claims Document Intelligence Pro (Claims DocIntel Pro) from CLARA Analytics! 

This cutting-edge solution uses advanced generative AI technology to streamline the processing of auto liability, general liability and workers' compensation claims. By automating the transcription, extraction, and summarization of medical records and legal demands, Claims DocIntel Pro is set to cut costs, reduce errors, and provide valuable insights to lower loss costs.  

“Generative AI offers a lot of promise, but it must be applied correctly,” says Trent Haas, EVP and Chief Claims Officer at IAT Insurance Group. “We’re excited about the time savings and insights Claims DocIntel Pro will bring, enhancing our claims process for both adjusters and customers.”

With Claims DocIntel Pro, adjusters can quickly identify critical issues, build treatment timelines, and assess risks—leading to more effective claims handling and potential savings of millions.

Heather H. Wilson, CEO of CLARA, adds, “We’re honored that IAT Insurance Group is championing Claims DocIntel Pro. This partnership highlights the transformative power of our technology.”

Welcome to the AI revolution IAT Insurance Group. Here’s to a smarter, more efficient future in insurance claims! 💡🌟👏

#Insurance #Insurtech #ArtificialIntelligence #CommercialInsurance #ClaimsManagement #RiskManagement 

LINK IN COMMENTS

We're #hiring a new Accounting Manager in United States. Apply today or share this post with your network.

📰 Breaking News! 📰 

We are proud to announce that CLARA has expanded our executive leadership team with Robin L. Spaulding, CPCU, AIC as Chief Insurance Officer, and Greg Toll as the Vice President of Sales for Self-Insured.   The two executive hires add to CLARA’s arsenal of insurance experts who have developed the leading #AI claims intelligence platform and will continue to drive innovative intelligence solutions for insurers.  

“The insurance industry is a complex ecosystem that requires expertise and real-world experience to understand the tightrope claims professionals walk to improve their claim outcomes while providing a leading customer experience,” said CLARA CEO Heather H. Wilson. “Robin and Greg have walked in their shoes as former adjusters, claim supervisors at carriers, brokers, and third-party administrators. They know this industry inside and out and have embraced our mission. They will be excellent champions for CLARA as we continue to create and bring to market products that move the needle for the industry.”

Read the entire press release with the link in comments.  Welcome to the CLARA family Robin and Greg!  

#winningtogether #insurtech #claimsmanagement

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