CLARA Analytics
Founded Year
2017Stage
Series B | AliveTotal Raised
$47.99MLast Raised
$25M | 3 yrs agoAbout CLARA Analytics
CLARA Analytics builds easy-to-use, AI/machine-learning based products that can get claims teams in front of their workers’ compensation claims. The products unlock predictive insights from the claims data to provide key signals to the claims team to drive efficiencies and improve the claim outcomes.
CLARA Analytics's Product Videos
ESPs containing CLARA Analytics
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The claims triage market refers to the process of assessing and prioritizing insurance claims based on their severity, complexity, and potential for fraud. This is typically done through the use of advanced analytics tools that can quickly analyze large amounts of data from various sources such as medical records, police reports, and social media. The goal is to identify high-risk claims early in …
CLARA Analytics named as Challenger among 11 other companies, including Duck Creek Technologies, Majesco, and Insurity.
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CLARA Analytics's Products & Differentiators
CLARA Triage
Spot potentially costly claims early and take action! CLARA Triage employs AI to help adjusters detect and proactively manage casualty claims. CLARA Triage predicts claim severity based on years of prior claims, identifying tightly defined claim cohorts that yield insights about the future direction of a claim. CLARA Triage is developed for Commercial Auto and Workers Compensation claims with General Liability available in 2023.
Research containing CLARA Analytics
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CB Insights Intelligence Analysts have mentioned CLARA Analytics in 10 CB Insights research briefs, most recently on Apr 20, 2023.
Expert Collections containing CLARA Analytics
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CLARA Analytics is included in 8 Expert Collections, including Insurtech.
Insurtech
4,279 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
10,624 items
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Health IT
3,118 items
Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.
Fintech
7,974 items
US-based companies
Fintech 250
250 items
250 of the top fintech companies transforming financial services
Digital Health
11,233 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma companies and and assistive tech developers.
CLARA Analytics Patents
CLARA Analytics has filed 5 patents.
The 3 most popular patent topics include:
- Artificial intelligence
- Machine learning
- Natural language processing
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/28/2021 | 11/8/2022 | Social networking services, Recommender systems, California lawyers, Artificial intelligence, Social information processing | Grant |
Application Date | 4/28/2021 |
|---|---|
Grant Date | 11/8/2022 |
Title | |
Related Topics | Social networking services, Recommender systems, California lawyers, Artificial intelligence, Social information processing |
Status | Grant |
Latest CLARA Analytics News
May 4, 2023
Reinsurance News CLARA Analytics, a provider for artificial intelligence (AI) technology for casualty insurance claims optimization, has launched its AI platform for general liability claims. The firm’s casualty lines AI platform ingests both structured and unstructured claims data, by using natural language processing to extract detailed information from claims reports, medical records, and legal correspondence. At the same time, the platform also uses machine learning algorithms to identify variables that correlates with litigation, medical escalation, and other outcomes that drive higher costs. “CLARA’s augmented intelligence consistently delivers outstanding return on investment for insurers and self-insured organizations in the commercial auto liability and workers’ compensation lines,” said company CEO Heather H. Wilson. “We’re excited to solve claims challenges and elevate best practices for general liability carriers, including managing general agents and managing general underwriters, third-party administrators, reinsurers, and self-insured organizations.” Share this:
CLARA Analytics Frequently Asked Questions (FAQ)
When was CLARA Analytics founded?
CLARA Analytics was founded in 2017.
Where is CLARA Analytics's headquarters?
CLARA Analytics's headquarters is located at 451 El Camino Real, Santa Clara.
What is CLARA Analytics's latest funding round?
CLARA Analytics's latest funding round is Series B.
How much did CLARA Analytics raise?
CLARA Analytics raised a total of $47.99M.
Who are the investors of CLARA Analytics?
Investors of CLARA Analytics include Oak HC/FT Partners and Aspen Capital Group.
Who are CLARA Analytics's competitors?
Competitors of CLARA Analytics include Zesty AI and 4 more.
What products does CLARA Analytics offer?
CLARA Analytics's products include CLARA Triage and 4 more.
Who are CLARA Analytics's customers?
Customers of CLARA Analytics include Amerisure, Amazon, AmTrust, MEMIC and QBE.
Compare CLARA Analytics to Competitors
Friss uses proprietary analytics software to provide solutions in the fields of fraud, risk, and compliance for the insurance industry. It offers products such as underwriting insights, risk assessment at underwriting, fraud detection at claims, compliance screening, and investigations at SIU. The company was founded in 2006 and is based in Utrecht, Netherlands.
Gradient AI operates as an artificial intelligence AI) solution provider for the insurance and healthcare industry. It seeks artificial intelligence (AI) and machine learning (ML) solutions designed specifically for the insurance industry. It was founded in 2018 and is based in Boston, Massachusetts.
Charlee.ai provides a deep and intuitive understanding of information from all types and sources both internal and external, structured or unstructured, using natural language processing, artificial intelligence and machine learning.
Concirrus specializes in transforming risk selection, pricing, and claims using developments in data analytics, artificial intelligence (AI), machine learning, and digitalization. Its platform uses a combination of advanced analytics, machine learning, and active risk management to solve the challenges faced by the marine, automotive, and insurance markets. industries. It was founded in 2012 and is based in London, United Kingdom.
Insurity provides policy administration, claims, billing, and analytics software to a wide range of insurance companies: large and small, national or regional, commercial, personal, or specialty lines writers, as well as MGAs. Insurity offers configuration options for all aspects of the insurance processing lifecycle.
Wisedocs provides artificial intelligence (AI) platform for insurance, legal, and independent medical evaluation. The company offers its services to insurers, law firms, and medical examiners such as independent medical examiners (IMEs), qualified medical evaluators (QMEs), and more. It was founded in 2018 and is based in Toronto, Canada.
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