SANTA CLARA, Calif.–( BUSINESS WIRE )–April 11, 2023–
CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for commercial insurance claims optimization, today announced that it will showcase the company’s latest innovations at the upcoming Insurance Innovators USA conference, taking place April 17-18, 2023, in Nashville, Tennessee. at the Music City Center. CLARA will demonstrate how their technology helps carriers achieve significant ROI while dramatically improving medical outcomes for injured workers.
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Heather H. Wilson, CEO, Clara Analytics (Photo: Business Wire)
CLARA Optics automates the transcription, extraction and organization of medical records and legal needs by highlighting important details about each claim using state-of-the-art artificial intelligence technology. Optics is one product in the company’s suite of technology solutions, which leverages the CLARA AI platform to deliver better outcomes for insurers, policyholders and injured workers alike.
Conference attendees will see the new version of Optics, which uses natural language processing models and advanced machine learning capabilities to analyze incoming claims documents, analyze their content, and alert claims managers of potentially high-risk conditions. Optics provides advice that leads to more effective treatment and faster recovery, drastically reducing document review time while providing adjusters with advanced insights in just seconds.
CLARA CEO Heather H. Wilson will be a featured panelist at the conference, providing a unique perspective on how advanced technology is changing claims management. “AI is actually bringing more empathy and personal attention to claims management,” Wilson said. “This runs counter to popular ideas about AI; However, we have seen this time and again in practice. AI is helping claims managers focus on what matters most, respond quickly and identify the best individual path to recovery for each injured worker.”
The panel discussion will also address the use of AI for direct processing and contactless claims, along with IoT, smart contracts, geospatial analytics and other digital technologies such as blockchain.
“There is a lot of fear of a depersonalizing effect of AI in claims,” Wilson continued. “In fact, we found the opposite to be true. Claims are faster, less stressful, and they produce better outcomes for injured workers. This mission drives us to continue to innovate for our customers every day.”
As a Gold Sponsor of the Insurance Innovators USA Conference, CLARA continues to demonstrate its leadership position and commitment to supporting the growing insurtech community.
For additional information, please stop by the CLARA Analytics pod at Insurance Innovators USA, or visit www.claraanalytics.com.
About CLARA analysis
CLARA Analytics is the leading AI as a Service (AIaaS) provider that improves accident claims outcomes for commercial insurance carriers and self-insured companies. 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 insights give claims professionals “AI superpowers” that help them reduce claims costs and optimize outcomes for carriers, customers and claimants. CLARA’s customers range from the top 25 global insurance carriers to large third-party administrators and self-insurers. Founded in 2017, CLARA Analytics is headquartered in Silicon Valley, California. For more information, visit www.claraanalytics.com and follow the company on LinkedIn and Twitter.
All brand names and solution names are trademarks or registered trademarks of their respective companies.
Tags: CLARA Analytics, CLARA Optics, Insurance Innovators USA, IIUSA23, Heather H. Wilson, claims optimization, claims adjuster, artificial intelligence, AI, commercial insurance, claims management, insurtech, machine learning, claims, litigation, predictive analytics, workers
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Contact: Media Contact: Dottie O’Rourke
TECHMarket Communications for CLARA Analysis
650-344-1260
Keywords: California, United States, North America
Industry Keywords: Technology Professional Services Artificial Intelligence Insurance
Source: Clara Analysis
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PUB: 04/11/2023 09:30 AM/DISC: 04/11/2023 09:32 AM
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