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Friday, May 10, 2024

Insurtech CLARA companions with OPEX to increase presence


OPEX is an Australian boutique progress technique and revenue enchancment insurance coverage consulting follow and can characterize CLARA within the Asia Pacific area.

CLARA has delivered returns on funding for a few of the world’s main insurers. This contains certainly one of Australia’s largest suppliers of normal insurance coverage.

Clients see improved return-to-work outcomes, decrease loss ratios, and environment friendly launch of regulatory capital for productive functions enabled by AI that provides clever declare steerage.

Providers embody:

  • CLARA Triage helps claims officers to determine high-risk claims and decide the optimum path to resolving them;
  • CLARA Litigation affords insights that assist insurers attain amicable settlements, thereby avoiding pricey litigation;
  • CLARA Remedy scores medical doctors primarily based on precise outcomes and compares them to hundreds of related closed claims, and
  • CLARA Optics automates medical data and authorized calls for transcription, extraction and organisation that spotlight necessary particulars about every declare.

“OPEX has seen first-hand that CLARA’s AI platform is a game-changer for insurers,” stated KP Karunakaran, founder and director of OPEX. “This know-how helps overburdened declare officers concentrate on what issues most. It guides them to the perfect medical doctors for medical claims primarily based on the person information of every case. It helps insurers to keep away from pricey and pointless litigation. These sorts of capabilities translate to higher outcomes for insured events and injured staff, quicker decision of claims, considerably decrease claims prices, and improved reserving accuracy. OPEX is happy to take this subsequent step in our strategic relationship with CLARA and produce the advantages of this know-how to insurers all through the ANZ area.”

For CLARA, the partnership represents a significant step ahead within the firm’s dedication to prospects within the Asia-Pacific area.

“CLARA is getting worldwide consideration as a result of we’re serving to insurers ship excellent outcomes,” stated Heather H. Wilson, CEO of CLARA Analytics. “We ship a win-win for everybody concerned, and the measurable ROI is constantly spectacular. OPEX has confirmed that they’ve what it takes to roll these advantages out to prospects all through the ANZ area. This is a vital milestone in CLARA’s technique to increase and deepen our protection globally.”

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