Clearcover Launches Generative AI Tool Aimed at Expediting Claims Processing

Clearcover launched a generative AI tool the company said is designed to further digitize statement collection, significantly streamlining the insurance claims process and customer experience.

The AI-driven tool uses large language models (LLMs) to guide a conversational experience immediately following First Notice of Loss (FNOL). The claims intake tool collects the required information about the incident, which is typically collected in adjuster follow-up calls, to process and pay a claim, according to the company.

Clearcover includes Clearcover Inc., which was founded in 2016, Clearcover Insurance Company and Clearcover Insurance Agency. Clearcover has raised more than $480 million in funding to date.