CLARA Analytics has joined forces with OPEX Consultants, a renowned Australian insurance consulting firm.
This partnership represents a significant step in CLARA Analytics’ expansion strategy, extending its footprint in the Asia-Pacific region.
The driving force behind this partnership is a shared ambition to deploy cutting-edge AI tools to optimise casualty insurance claims in Australia, New Zealand, and beyond. Both firms are leveraging their respective competencies to deliver enhanced return-to-work outcomes, streamline regulatory capital releases, and reduce loss ratios for insurers.
CLARA Analytics is a frontrunner in the AI-driven InsurTech space, renowned for delivering powerful solutions that optimise casualty insurance claims. Their portfolio of products, including CLARA Triage, CLARA Litigation, CLARA Treatment, and CLARA Optics, revolutionises the claims optimisation process. It does so by offering decision-making tools, enabling amicable settlements, scoring doctors, and streamlining the management of medical records.
On the other hand, OPEX Consultants, based in Australia, specialises in insurance consultancy, providing strategic guidance and business solutions to insurers. This partnership allows OPEX to exclusively represent CLARA Analytics and their comprehensive suite of personal injury claims solutions in Australia and New Zealand.
CLARA Analytics’ AI-driven tools have shown impressive results worldwide, including one of Australia’s largest providers of general insurance. These tools assist claim officers in focusing on key areas, guide them to suitable doctors for medical claims, and help insurers evade expensive and unnecessary litigation. The benefits of such capabilities include expedited claim resolutions, significantly reduced claim costs, and improved reserving accuracy.
OPEX is keen to extend these benefits to insurers across Australia and New Zealand as they deepen their strategic relationship with CLARA Analytics.
Heather H. Wilson, the CEO of CLARA Analytics, shared her excitement about the partnership. She emphasised the global interest their technology has attracted and its impact on insurers and claimants alike.
“This partnership is a significant milestone in our mission to cater to customers in the Asia-Pacific region,” Wilson said. “Our aim is to deliver a win-win solution. We are confident in OPEX’s capabilities to effectively introduce these benefits to customers throughout Australia and New Zealand.”
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