Integrating CLARA analytics' predictive analytics and AI
tools with Sapiens' core workers' compensation offering will lead
to faster and better decisions for injured workers
RALEIGH, North Carolina,
June 4, 2020 /PRNewswire/ -- Sapiens
Americas, a wholly owned subsidiary of Sapiens International
Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider
of software solutions for the insurance industry, announced today
it has entered into an agreement to partner with CLARA analytics,
a provider of easy-to-use artificial intelligence (AI)-based
products. The company's offerings improve claims outcomes
throughout the lifecycle and reduce various sources of loss-costs
in claims handling.
CLARA analytics' robust predictive analytics tool for workers'
compensation claims will be paired with Sapiens CoreSuite for
Workers' Compensation to improve customers' processes and
provide access to in-depth analysis for proactive risk
mitigation.
The collaboration will help facilitate interventions for
loss-time injured workers who are most likely to benefit from them
and the ability to simulate the costs and benefits of existing
early intervention programs, under a predictive modeling
framework.
"We are excited about the opportunity to work with Sapiens, a
leading global organization, and to empower its workers'
compensation claims teams to transform the way workplace injuries
are handled, including decisions such as finding the right doctor
and prioritizing claims," said Gary
Hagmueller, president and CEO, CLARA analytics. "Our tools
are designed to be easily implemented into an insurer's existing
claims workflow, while reducing costs to provide a significant
return on investment."
"This strategic alliance will meet the current and future needs
of Sapiens' customers in a transparent and efficient way," said
Roni Al-Dor, Sapiens president and
CEO. "Carriers can discover new claims insights and understand how
these discoveries will positively affect the course of a claim, an
employee's role within an organization and the insurer's bottom
line."
Sapiens CoreSuite for Workers' Compensation offers technology
solutions that enable companies to quickly adapt to business and
market conditions, offering high levels of accuracy and efficiency.
The suite provides broad functionality throughout the entire
insurance lifecycle for workers' compensation, via a core suite, as
well as policy, claims and intelligence modules.
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 claims handling
and loss costs by keeping claims on track throughout their
lifecycle. 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 global insurance carriers to
large third-party administrators and self-insured organizations.
Founded in 2015, CLARA analytics is headquartered in Silicon Valley
in California. For more
information, visit www.claraanalytics.com.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property & casualty,
life, pension & annuity, reinsurance, financial &
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com