AI insurtech partners with insurance consulting practice

AI insurtech partners with insurance consulting practice | Insurance Business Asia

Technology

AI insurtech partners with insurance consulting practice

Move will expand firm’s representation in Australia, New Zealand Asia-Pacific

Technology

By
Abigail Adriatico

CLARA Analytics (CLARA), an artificial intelligence (AI) technology for personal injury claims optimization, has announced its partnership with OPEX Consultants (OPEX), a boutique growth strategy and profit improvement insurance consulting practice based in Australia, as reported by Fintech Finance News.

This partnership is in line with CLARA’s goal of being represented in Australia and New Zealand, as well as its plans to expand its business ventures within the Asia-Pacific region.

“OPEX is excited to take this next step in our strategic relationship with CLARA and bring the benefits of this technology to insurers throughout the ANZ region,” said KP Karunakaran, founder and director of OPEX.

“CLARA is getting worldwide attention because we’re helping insurers deliver outstanding results,” said Heather H. Wilson, CEO of CLARA Analytics. “OPEX has proven that they have what it takes to roll those benefits out to customers throughout the ANZ region. This is an important milestone in CLARA’s strategy to expand and deepen our coverage globally.”

OPEX is set to adopt CLARA’s platform and its range of personal injury claims solutions which are:

CLARA Triage
CLARA Litigation
CLARA Treatment
CLARA Optics

“OPEX has seen first-hand that CLARA’s AI platform is a game-changer for insurers,” said Karunakaran.

“This technology helps overburdened claim officers focus on what matters most. It guides them to the best doctors for medical claims based on the individual facts of each case. It helps insurers to avoid costly and unnecessary litigation. Those kinds of capabilities translate to better outcomes for insured parties and injured workers, faster resolution of claims, substantially lower claims costs, and improved reserving accuracy.” he added.

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