CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimisation, has been selected by Risk Administration Services, Inc. (RAS) to enhance its claims process.
By leveraging CLARA’s full suite of AI-powered products, RAS will be able to strategically implement AI across the claims lifecycle, thereby improving efficiency and effectiveness in managing claims.
By adopting CLARA’s comprehensive AI solutions, RAS aims to empower its adjusters with valuable insights that enhance their decision-making capabilities. This partnership not only signifies RAS’s commitment to innovation but also positions it to maintain its industry-leading performance standards.
CLARA Analytics offers a robust AI platform, CLARAty.ai, which provides tools designed to improve claims handling.
Key features of their platform include Claims DocIntel Pro, which streamlines claims documentation; Triage, which prioritises claims needing attention; Treatment, which aids in finding the best medical providers; Fraud, which detects suspicious activities; and Litigation, which minimises litigation risks through predictive analytics.
RAS is recognised as a leader in the workers’ compensation sector, managing The Dakota Group® and consistently achieving high performance in the industry. With an “A” rating from AM Best and a position on the Ward’s 50 companies list for four consecutive years, RAS exemplifies best practices in claims management.
CLARA CEO Heather H. Wilson, commented on the news, “RAS has a strong track record of exceptional performance in the workers’ compensation line of business, and its team knows AI will give them an even greater performance boost. In fact, RAS is the first to deploy CLARA Fraud, underscoring the company’s commitment to implement cutting-edge technology. Generative AI and predictive modelling on one platform can transform claims processes, and we are thrilled to enable another leading organisation to discover its capabilities through CLARAty.ai.”
Jennifer Hertzfeld, Senior Vice President, Claims at RAS, remarked. “Our performance year in and year out is among the best in the industry, but to maintain our standards, we persistently look forward. For us, this means implementing AI strategically across the claims life cycle. With CLARA, we can empower our adjusters with amazing insights so that they may repurpose their time on tasks that make the greatest impact.”
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