CLARA Analytics is excited to be a sponsor and exhibitor at ITC Vegas 2022. Visit booth #3059 in the exhibit hall to meet the CLARA team and learn how CLARA delivers a brighter future for optimal claims outcomes. RSVP here to learn more.

The future of claims is rooted in the past. 

Big data, artificial intelligence (AI), analytics—these are words you probably associate more with new insurtechs than decades- and even centuries-old carriers. But carriers have something even the best technology can’t replicate: experience. By combining the best of modern technology with all of that claims experience, carriers and payers can dominate the new claims landscape and deliver optimal outcomes for all. 

The future of claims is here—here’s how to take advantage. 

The future of claims is data-informed.

In addition to their years of industry experience, carriers and payers have a major resource that new insurtechs lack: mountains of data. These pools of claims data that can help them make informed, evidence-based decisions to drive the best outcomes. They just need an easy way to access and analyze the data to unlock the power of claims

More data means improved consumer tracking. 

The future of claims is powered by artificial intelligence. 

While the human element is critical for the future of claims, no human could crunch the vast amount of claims data available. That’s where artificial intelligence comes in. For example, AI can help carriers determine which claims could be headed for litigation, how to avoid it and which attorney to hire if it does. 

Best-in-breed artificial intelligence and machine learning-driven solutions illuminate the most accurate and robust data insights and alerts for casualty claims. AI-based applications deliver clear, demonstrable value to carriers and payers by quickly solving simpler cases and giving claims adjusters more time to focus on complex cases. 

The future of claims is automated. 

The rapid evolution of technologies is making it possible to automate portions of the process that were previously beyond reach. Thanks to AI and machine learning (ML), claims professionals are now empowered with new tools that increase their efficiency and vastly improve accuracy.

Automation supports a variety of digital-first, claims functions, including automatically flagging claims that are likely to need more attention, extracting relevant data, and updating key information. This can help organizations to drive down costs, increase accuracy and accelerate the reporting process. 

The future of claims is a win for all. 

All of this new insurance technology is great, but it doesn’t matter if the claims outcomes don’t improve.  Claims organizations should prioritize optimum claims outcomes above all.  What does an optimal claim outcome look like?

  • Lower loss costs
  • Lower claim expenses
  • No litigation
  • Faster recovery time to full health for injured parties

The best claim outcome is one that is a win for all: a win for the claimant, a win for the insured and a win for the carrier. 

The future of claims is CLARA Analytics. 

CLARA Analytics is the leading AI-as-a-Service solution built by insurance industry veterans to optimize claims outcomes for carriers and self-insured organizations. Our products leverage the power of data and machine learning to help carriers and self-insured organizations avoid loss costs, lower claim expenses and elevate best practices.

Ready to see the future of claims for your organization? Request a demo today.

 

Tyler Jones
Chief Customer & Marketing Officer

Tyler Jones, Chief Customer & Marketing Officer of CLARA Analytics, is an experienced leader in using data, analytics and AI to solve complex business problems. He oversees the company’s customer success team whose primary goal is to drive customer AI adoption and measure the value generated by CLARA’s leading commercial casualty insurance models.

For more information on CLARA Analytics, the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, visit https://claraanalytics.com/, and follow CLARA Analytics on LinkedInFacebook and Twitter.