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CLARA analytics Launches 'CLARA litigation' at RIMS 2018

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Minimize the Impact of Legal Action Through Easy-to-Use AI

CLARA
analytics
("CLARA"), a leading artificial intelligence (AI) and data
science company that specializes in easy-to-use AI-based solutions for
the Property & Casualty and Disability insurance industries, today
launched CLARA
litigation
, a powerful new product that leverages AI to help claims
operators minimize the impact of litigation. CLARA litigation debuts at
the RIMS
2018 Annual Conference and Exhibition
, being held April 15–18, 2018,
in San Antonio.

"The workers' compensation system was designed to reduce litigation, and
yet 100 years after its creation, litigation remains one of the biggest
cost drivers in claims," said Gregory Moore, chief commercial officer of
CLARA analytics. "CLARA litigation addresses this pain point by
strategically applying AI to empower claims teams. For the first time,
claims teams can implement a three-part strategy across the life of a
claim to avoid and reduce the overall cost of litigation in ways that
were not possible prior to AI."

CLARA litigation supports three key factors. These factors are aimed at
reducing the number of injured workers who seek attorneys in the first
place as well as to improve outcomes if attorneys become involved.
Specifically, CLARA litigation:

  • Identifies claims with the greatest risk of attracting an
    attorney weeks before lawyers are retained. This enables claims teams
    to focus targeted interventions on changing the course of the injured
    worker, potentially heading off litigation.
  • Uses outcomes-based attorney scoring powered by machine learning
    algorithms
    to identify the best attorneys for the case when
    litigation is unavoidable. By engaging the right lawyer, claims teams
    can dramatically reduce associated costs and resolve issues faster.
  • Leverages AI-driven intelligence to provide insight on
    optimized settlements for specific cases. This information proves
    invaluable when determining whether to settle or fight a pending
    lawsuit.

CLARA points to a recently completed white paper from Strategy Meets
Action (SMA) in which SMA detailed the overall increase in complexity of
claims when attorneys are involved. The SMA white paper, AI
Is Changing the Game in Workers' Comp
, further validates the need to
determine which claims are at risk before injured workers hire legal
representation. SMA also found that senior claims executives are aware
of problems that arise once lawyers are engaged, but the ability to
analyze claims and make smart determinations has been out of their
grasp. CLARA litigation changes this by providing actionable insights at
exactly the right time.

CLARA litigation is a secure, cloud-based solution available on a
monthly subscription basis.

Attendees of the RIMS Annual Conference and Exhibition can see a demo of
the new CLARA litigation platform at the CLARA booth, #961, in the
Marketplace at the Henry B. Gonzalez Convention Center.

About CLARA analytics

CLARA
analytics
empowers workers' compensation claims teams to rapidly get
injured workers back on track with easy-to-use artificial intelligence
(AI)-based products. Its CLARA
providers
search engine is an award-winning provider scoring engine
that helps rapidly connect injured workers to the right providers, while CLARA
claims
is an early warning system that helps frontline claims teams
efficiently manage claims, reduce escalations and understand the drivers
of complexity. CLARA
litigation
, the newest addition to CLARA's product suite, uses the
power of AI/ML to minimize the impact of litigation. CLARA's customers
include a broad spectrum — from the top 25 insurance carriers to small,
self-insured organizations. For more information, visit https://claraanalytics.com/,
and follow CLARA analytics on LinkedIn,
Facebook
and Twitter.

CLARA litigation, CLARA providers and CLARA claims are trademarks of
CLARA analytics. All other brand names and solution names are trademarks
or registered trademarks of their respective companies.

Tags: CLARA analytics, CLARA litigation, workers compensation, workers
comp, artificial intelligence, AI, machine learning, healthcare,
insurance, predictive analytics, data science, litigation

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