CLARA Analytics to Demo Full Suite of AI-Based Products Designed to Improve Claims Outcomes at InsureTech Connect 2018
SANTA CLARA, Calif. — Sept. 26, 2018 — CLARA Analytics (“CLARA”), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that it will be demonstrating each of its product lines, CLARA providers, CLARA claims and CLARA litigation, at InsureTech Connect 2018. CLARA will be exhibiting its suite in Booth 805 at the event, being held Oct. 2-3, 2018, at the MGM Grand in Las Vegas. As a bronze sponsor of the event, CLARA continues to display its commitment to supporting the growing insurtech community.
“We are excited to showcase CLARA’s AI solutions for commercial insurance and how they can help organizations streamline operations and provide better care while dramatically reducing costs,” said Jayant Lakshmikanthan, founder and CEO of CLARA Analytics. “AI is revolutionizing the insurance industry, and the insurtech market segment continues to gain momentum. Gatherings such as InsureTech are vital to educate teams and enable further advancement in the industry.”
At the show, CLARA will demonstrate how its CLARA providers search engine, an award-winning provider scoring engine, helps rapidly connect injured workers to the right providers. Additionally, show attendees can learn how the CLARA claims early warning system aids frontline claims teams to efficiently manage claims, reduce escalations, and understand the drivers of complexity.
The CLARA team will also demo its latest product, CLARA litigation. Earlier this year, CLARA litigation was introduced as a path-breaking product that enables claims teams to avoid and reduce the overall cost of litigation across the life of a claim in ways that were not possible prior to AI. Specifically, CLARA litigation:
- Identifies claims with the greatest risk of attracting an attorney weeks before lawyers are retained. This enables claims teams to focus targeted interventions on changing the course of the injured worker, potentially heading off litigation.
- Uses outcomes-based attorney scoring powered by machine learning algorithms to identify the best defense attorneys for the case when litigation is unavoidable. By engaging the right lawyer, claims teams can dramatically reduce associated costs and resolve issues faster.
- Leverages AI-driven intelligence to provide insight on optimized settlements for specific cases. This information proves invaluable when determining whether to settle or fight a pending lawsuit.
For additional information, please visit Booth 805 at InsureTech Connect 2018 or go to www.claraanalytics.com.
About CLARA Analytics
CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use artificial intelligence (AI)-based products. CLARA’s suite helps claims teams reduce various sources of loss costs in claims handling by keeping claims on track throughout their life cycle. The suite uses the latest in AI and machine learning (ML) technology and can integrate easily into any workflow or infrastructure to rapidly start showing value. CLARA’s customers include companies from the top 25 insurance carriers to small, self-insured organizations. CLARA Analytics was founded in 2015 and is headquartered in Silicon Valley in California. For more information, visit www.claraanalytics.com, and follow CLARA Analytics on LinkedIn and Twitter.
CLARA litigation, CLARA providers and CLARA claims are trademarks of CLARA Analytics. All other brand names and solution names are trademarks or registered trademarks of their respective companies.
Tags: CLARA Analytics, artificial intelligence, AI, commercial insurance, InsureTech Connect, ITC2018, insurtech, machine learning, claims, litigation, predictive analytics, workers compensation, data science
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