CLARA Analytics

CLARA analytics provides commercial insurance markets with artificial intelligence-based solutions that help to reduce claims costs by anticipating the needs of claimants and helping align the best resources to meet those needs. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim.

Its solutions include CLARA Providers, a provider scoring engine that helps connect injured workers with doctors, and CLARA Claims - an early warning system that helps frontline claims teams efficiently manage claims, reduce escalations and understand the drivers of complexity. The company also offers CLARA Litigation, which uses AI insights to detect litigation risk, find the best attorney for the situation, and resolve claims effectively.

CLARA raised an $11.5m Series A round in January 2018 from Oak HC/FT. The company stated it would use the capital to extend solutions to ther lines such as commercial auto, general and professional liability, as well as disability.

CLARA's clients include AON, QBE an Oak HC/FT. In January 2020, Berkshire Hathaway Homestate Companies adopted the entire product suite in order to further improve its workers' compensation claims operations.

In May 2020 CLARA raised a $25m Series B round, led by growth equity firm Aspen Capital Group. The company stated it would use the funds to extend its product suite, grow its team and expand its global reach.

During February 2023 the company partnered with Canal Insurance Company. Canal will implement CLARA’s Triage and Litigation modules for commercial auto that provide AI-driven insights to monitor and identify claims that may be at risk of escalation.

During July 2023 Foresight Commercial Insurance partnered with CLARA Analytics to implement CLARA’s Triage module to help proactively manage claims and accelerate claim cycles in the event of workplace injuries.

Also in July it partnered with OPEX Consultants, to expand its presence in the Asia-Pacific region. The collaboration aims to leverage cutting-edge AI tools to improve casualty insurance claims in Australia, New Zealand, and beyond.

In February 2024, Clara announced it had received a 'significant financial boost' from Nationwide.