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CLARA Analytics Partners with Risk Administration Services, Inc. to Enhance Claims Processes

Sep 18, 2024

Contract Type

partnership

Santa ClaraInformation TechnologySoftwareArtificial IntelligenceSaaSAnalyticsMachine LearningNatural Language ProcessingBig DataInsurtechInsurance

Description

CLARA Analytics announced a partnership with Risk Administration Services, Inc. to leverage its technology for enhancing claims processes. RAS will adopt CLARA’s full product suite to achieve this objective, empowering their adjusters with insights to repurpose their time on impactful tasks.

Company Information

Company

CLARA Analytics

Location

451 EL CAMINO REAL, SUITE 201

Santa Clara, California, United States

About

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.

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

CLARA Analytics signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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