CLARA Analytics, a provider of AI-powered insurance claims optimisation, has launched its Intelligence-as-a-Service (IaaS) product to give insurers greater control over claims operations.
The solution debuts as carriers face rising challenges with reserving accuracy, social inflation, and complex claims. By leveraging its extensive dataset, CLARA aims to provide claims leaders with accurate insights and stronger decision-making tools.
Headquartered in Sunnyvale, California, CLARA Analytics specialises in using artificial intelligence to streamline claims management for insurers and self-insured organisations.
CLARA IaaS draws on millions of records covering over a decade of workers’ compensation, auto liability, and general liability claims. The dataset enables benchmarking and performance insights that help insurers identify areas for improvement and strengthen outcomes.
The service can be tailored to business-specific needs, considering regulatory rules, litigation trends, hazards, and geographic data. Features include benchmarking, expert-curated reports, KPI tracking, and custom analytics.
CLARA said early testing shows the platform can highlight over- or under-reserving, a factor with significant impact on balance sheets and shareholder value.
“The breadth and depth of our dataset is unmatched. When carriers want to know what’s truly happening in their business and where they stand in the market, there’s no better source of truth,” CLARA Analytics CEO Heather H. Wilson said. “CLARA IaaS gives insurers insights they’ve never had before — the ability to clearly see where they stand, anticipate challenges, and make decisions with confidence.”
“This isn’t just an improvement to claims management; it’s a shift toward proactive, strategic leadership,” Wilson added. “With CLARA IaaS, insurers finally have the clarity and control they need to drive better outcomes.”
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