CLARA Analytics (CLARA) and ClaimDeck, prominent players in the realm of artificial intelligence-driven solutions for insurance claims optimisation, have announced a strategic partnership aimed at revolutionising the management of litigation rates within the commercial insurance sector.
The collaboration seeks to empower insurance carriers with the tools necessary to effectively navigate and optimise the outcomes of litigated claims, thereby mitigating the escalating costs associated with legal proceedings.
CLARA is recognised for its innovative utilisation of AI technology to offer cutting-edge tools and resources to insurance companies, managing general agents (MGAs), and self-insurers.
Their solutions encompass comprehensive analytical capabilities to evaluate casualty claims, forecast and prevent litigation, and pinpoint top-tier defense attorneys, thus optimising legal defense strategies.
ClaimDeck, on the other hand, serves as a premier SaaS-based litigation management platform, facilitating collaboration between insurers and defense attorneys through its workflow engine.
ClaimDeck’s platform captures an extensive array of data categories, further contributing to the synergy of AI efforts. This collaborative endeavour aims to achieve a noteworthy reduction in both legal and indemnity expenditures, as well as a substantial decrease in the average duration of legal cases through the optimisation of processes.
Dwayne Hermes, CEO of ClaimDeck, expressed the significance of this collaboration by emphasising that CLARA’s AI-driven solutions stand to significantly diminish costs, expedite decision-making, and enhance case settlements within the domain of casualty claims litigation management.
The partnership is poised to benefit carriers, MGAs, reinsurers, and self-insured entities alike. By amalgamating ClaimDeck’s workflow and collaboration functionalities with CLARA’s AI-guided claims insights, these organisations can effectively bolster decision-making processes across their portfolio of casualty claims.
This includes the strategic allocation of suitable attorneys, comprehensive analysis of legal demands, and the provision of settlement guidance to expedite resolutions and generate substantial cost savings.
“There’s no question that speed and accuracy in claims management have become critical for insurers to compete in this litigious environment where juries are delivering nuclear verdicts,” said Heather H. Wilson, CEO, CLARA.
“The seamless integration of our tools with ClaimDeck will facilitate improved decision-making, lower legal expenses, and measurable improvements in casualty claims litigation outcomes.”
