CLARA Analytics Launches CLARA Litigation
Last month CLARA analytics, a data science company that specializes in easy-to-use AI-based solutions for the Property & Casualty and Disability insurance industries, announced the launch of CLARA litigation, a new product that leverages AI to help claims operators minimize the impact of litigation.
“The workers’ compensation system was designed to reduce litigation, and yet 100 years after its creation, litigation remains one of the biggest cost drivers in claims. CLARA litigation addresses this pain point by strategically applying AI to empower claims teams. For the first time, claims teams can implement a three-part strategy across the life of a claim to avoid and reduce the overall cost of litigation in ways that were not possible prior to AI” – Chief Commercial Officer of CLARA analytics, Gregory Moore.
CLARA litigation supports three key factors:
- Identifies claims with the greatest risk of attracting an attorney weeks before lawyers are retained. This enables claims teams to focus targeted interventions on changing the course of the injured worker, potentially heading off litigation.
- Uses outcomes-based attorney scoring powered by machine learning algorithms to identify the best attorneys for the case when litigation is unavoidable. By engaging the right lawyer, claims teams can dramatically reduce associated costs and resolve issues faster.
- Leverages AI-driven intelligence to provide insight on optimized settlements for specific cases. This information proves invaluable when determining whether to settle or fight a pending lawsuit.
CLARA litigation is available on a monthly subscription basis.
