CLARA Analytics and Origami Risk Expand Partnership

The two companies have deepened the integration between their products  to offer a seamless solution to help self-insurers, brokers and carriers reduce costs and accelerate AI adoption.

(Image source CLARAty.ai web page.)

CLARA Analytics (Santa Clara, Calif.) a provider of analytic technology for insurance claims optimization, has announced that it is expanding its relationship with Origami Risk (Chicago), a provider of risk, safety, and insurance software-as-a-service. 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, according to a statement from CLARA.

“Risk management and claims professionals understand that they need to embrace AI,” comments Earne Bentley, President, Risk Solutions, 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 describes itself as 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 aims to 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, the CLARA statement asserts.

CLARA reports that its product suite ingests both structured and unstructured data for each claim. The vendor says that 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.

Quick Path to ROI

Heather H. Wilson, CEO, CLARA Analytics.

The vendor says that 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, according to the vendor. CLARA says that it 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.\

“We’re excited to be showcasing this new offering at RIMS,” comments Heather H. Wilson, CEO, CLARA Analytics. “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.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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