CLARA Analytics launches AI platform for general liability claims
The platform uses machine learning algorithms to identify variables correlating with litigation, medical escalation, and other outcomes that drive higher costs. This information can help claims managers focus on high-risk claims and determine the optimal resolution path.
The platform also includes features that can help reduce document review time and improve communication with claimants. CLARA Optics automatically transcribes and extracts essential information from medical records and legal demands, while CLARA Triage helps claims managers prioritise claims and track their progress.
“CLARA’s AI platform is a tool that can help insurance carriers improve the efficiency and effectiveness of their claims handling processes,” said Heather H. Wilson, CEO of CLARA Analytics. “We’re excited to offer this solution to general liability carriers and help them achieve better outcomes for their policyholders and claimants.”
CLARA Analytics has been recognised as a top-100 most innovative insurtech company by the insurtech100 list. The company’s AI platform has helped insurance carriers achieve an ROI of 500%.
The platform is currently available to general liability carriers in the United States. CLARA Analytics plans to expand the platform to other countries in the future.
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