CLARA Analytics Expands Relationship With QBE Insurance
CLARA Analytics , the Santa Clara-based provider of AI for commercial lines, has announced that QBE Insurance has expanded its adoption of CLARA’s AI-based product suite across its Australian statutory claims, which includes workers compensation and CTP (auto liability) businesses. CLARA was first engaged by QBE Australia in September 2017 for its workers’ compensation claims and now the insurer will deploy CLARA’s newest product, CLARA litigation, which is designed to avoid and reduce the overall cost of litigation.
The goal of CLARA is to help insurers expedite simple claims, isolate and track complex claims, and decrease attorney involvement to reduce the cost of managing claims.
“AI is really about being compassionate at scale . If we lived in an ideal world, we would love to be beside each injured worker supporting them through their recovery. Unfortunately, this doesn’t scale beyond a certain point. AI is able to deliver this compassionate service to thousands of claimants to raise the standard for all commercial insurance claims.” – Founder and CEO of CLARA analytics, Jayant Lakshmikanthan.