Partnership Provides Claims Professionals
Fast Access to Best-in-Class AI
CLARA Analytics (“CLARA”), a leading provider of artificial
intelligence (AI) technology for insurance claims optimization,
today announced the company is expanding its relationship with
Origami Risk (“Origami”), the industry-leading risk, safety and
insurance software as a service (SaaS) technology firm. The two
companies have deepened the integration between their products and
aligned their operations to offer a seamless solution to help
self-insurers, brokers and carriers reduce costs and accelerate AI
adoption.
CLARA is helping carriers to make sense of voluminous
information, streamline claims management, improve medical
outcomes, and reduce administrative burdens for adjusters. The
company’s CLARAty.ai platform uses machine learning, predictive AI,
natural language processing (NLP), and generative AI (GenAI) to
power a suite of products aimed at improving efficiency and
accuracy in claims management.
The partnership between CLARA and Origami will enable risk
managers to fast-track their adoption of AI, giving them immediate
access to secure, SOC2 compliant, and HIPAA compliant technology.
Self-insured organizations, insurers, risk pools, MGAs and others
already using Origami can gain new AI-driven insights to help them
identify high-risk claims, improve collaboration with third-party
administrators, optimize medical outcomes for injured parties, and
speed the resolution of claims.
CLARA’s product suite ingests both structured and unstructured
data for each claim. Seamless bi-directional integration with
Origami provides a wealth of data to CLARA’s AI platform, which
delivers key insights to risk managers and adjusters, case
summaries, and other relevant information.
Existing Origami customers can get up and running with CLARA in
a matter of weeks, bypassing many of the burdensome tasks
associated with onboarding such as data gathering and data
cleansing. This dramatically shortens the time between the initial
provisioning of a new CLARA instance and the point at which
companies see positive ROI. CLARA can even set up a test instance
using a prospective customer’s data to demonstrate the real-world
ROI the company’s AI technology offers. For ongoing engagements,
CLARA delivers ROI analysis to each customer detailing the savings
achieved by using the CLARAty.ai platform.
“Risk management and claims professionals understand that they
need to embrace AI,” said Earne Bentley, President, Risk Solutions
at Origami, “but they’re understandably concerned about security
and compliance. Our partnership with CLARA offers a path for the
rapid rollout of a proven, secure, compliant AI platform that
delivers immediate benefits. Clients are also getting preferred
pricing, which makes the CLARA platform even more attractive.”
CLARA and Origami will be demonstrating the integrated offering
at the upcoming RIMS RISKWORLD conference, being held May 5-8,
2024, in San Diego. Attendees are encouraged to stop by Booth 1249
to get a hands-on look at how AI drives powerful ROI. CLARA and
Origami will also be co-presenting a session, “Unlocking Potential:
AI’s Role in Addressing Emerging Risk Management Trends,” on
Monday, May 6, at 1:30 p.m.
“We’re excited to be showcasing this new offering at RIMS,” said
CLARA CEO Heather H. Wilson. “Both of our companies are intensely
focused on customer satisfaction and measurable ROI. We understand
the problem domain because our people have decades of experience in
claims and risk management. By combining the complementary
capabilities of our two companies, we can deliver even more value
across a broader spectrum of stakeholders. The result is
dramatically faster adoption of AI, with massive ROI in the first
year. We see this as a big win for our mutual customers.”
About CLARA Analytics
CLARA Analytics is the leading AI as a service (AIaaS) provider
that improves casualty claims outcomes for insurance carriers,
MGAs, reinsurers, and self-insured organizations. The company’s
platform applies image recognition, natural language processing,
and other AI-based techniques to unlock insights from medical
notes, legal demand packages, bills and other documents surrounding
a claim. CLARA’s predictive insight gives claim professionals
augmented intelligence that helps them reduce claim costs and
optimize outcomes for the carrier, customer and claimant. CLARA’s
customers include companies from the top 25 global insurance
carriers to large third-party administrators and self-insured
organizations. Founded in 2017, CLARA Analytics is headquartered in
California’s Silicon Valley. For more information, visit
www.claraanalytics.com, and follow the company on LinkedIn and
@CLARAAnalytics.
About Origami Risk
Origami Risk provides truly integrated SaaS solutions that
simplify risk, insurance, compliance, and safety management.
Origami delivers its highly configurable RMIS, GRC, EHS, and
healthcare risk management solutions from a secure, scalable
platform that includes tools for centralizing data, automating
critical workflows, and providing insights into risk and safety
initiatives. A singular focus on client success underlies Origami’s
approach to developing, implementing and supporting their
innovative, award-winning software. Visit origamirisk.com or
contact us at info@origamirisk.com to learn more.
All brand names and solution names are trademarks or registered
trademarks of their respective companies.
Tags: CLARA Analytics, CLARAty.ai, Origami Risk, RISKWORLD, risk
management, insurtech, claims optimization, risk managers, claims
adjusters, claims managers, artificial intelligence, AI, generative
AI, GenAI, machine learning, claims, claims management, compliance,
workers compensation, workers comp, predictive analytics,
commercial insurance
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240430895622/en/
Dottie O’Rourke TECHMarket Communications for CLARA Analytics
650-344-1260 CLARAanalytics@techmarket.com