CLARA Analytics News

Business News: Guy Carpenter and Synthetik, Jopari, Sapiens and Clara Analytics

Guy Carpenter Using Synthetik to Model Terrorism Risk Guy Carpenter & Co. says it has entered into “an exclusive multi-year agreement” with Synthetik Applied Technologies to enhance its proprietary terrorism modeling product, Sunstone. Synthetik is an Austin-based engineering company that …

Viewpoint: How COVID-19 and Recession Are Upending Workers’ Comp

COVID-19 and the onset of a deep global recession are reshaping every corner of workers’ compensation, from legal issues surrounding coverage to the delivery of care to injured workers. Some of the changes can be anticipated based on prior recessions. …

Business News: RiskStream, Sedgwick, Clara Analytics

RiskStream Launches Innovation Lab The RiskStream Collaborative, a consortium of insurers that making a joint investment in blockchain technology, has created a new entity that will work with insurers, non-insurance organizations and governmental agencies that are looking to explore targeted …

Business News: Clara Analytics, Legion Claims Solutions, Duck Creek Technologies

Clara Analytics Hires CEO Clara Analytics, a data analytics provider to the commercial insurance industry, has appointed Gary Hagmueller as chief executive officer as the founder of the company steps down from the helm to take over the role of …

Business News: Cove, Clara Analytics, Glovebox, HomeConnect

Greenlight Bets on Cove to Simplify Insurance Purchases Greenlight Re Innovations, a division of Greenlight Re, a specialist property and casualty reinsurer headquartered in the Cayman Islands, announced that it has invested in Cove Ltd, managing general agent based in …

AI in Claims Operations: Lessons Culled from the Early Innings

While there are many different segments of the commercial insurance industry, they often share a similar story. From my vantage point, the workers’ compensation system was designed to help both injured workers and employers by guaranteeing care and compensation for …

InsurTech Strikes: How AI and Machine Learning Are Redefining the Insurance Industry

The insurance industry has operated with great consistency and clear processes for many years. People may not always like or agree with how things work, but nearly everyone from the consumer to the provider essentially goes with it — no …

White Paper Reveals Impact of Attorney Involvement on Workers’ Comp Claim Costs

Injured workers who hire attorneys to handle their workers’ comp claims tend to stay on temporary disability longer, according to a newly released white paper by CLARA Analytics, an artificial intelligence and data science company that specializes in machine learning …

Business News: Sedgwick, Verisk, CLARA Analytics

Sedgwick has finalized the purchase of global loss adjusting, claims management and risk solutions firm Cunningham Lindsey and its subsidiaries. The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the …

How Every Jurisdiction Can Benefit From an Outcomes-Based Approach

Throughout this series, I have stressed the importance of connecting workers’ comp patients with great doctors at their time of need and how this results in an average of a 10 percent reduction in claims costs. I’ve also talked about …