CLARA Analytics has announced a new artificial intelligence technology aimed at enhancing the subrogation process in insurance claims. This tool is designed to help insurance companies identify recovery opportunities more efficiently and effectively.
Subrogation is the process through which insurers recover costs from third parties responsible for a loss. When done correctly, it can lead to significant savings for insurance companies. CLARA’s new AI solution is aimed at streamlining this often complex and labor-intensive process.
The AI-driven tool utilizes advanced algorithms to analyze claims data, allowing insurers to spot potential subrogation opportunities more easily. By automating parts of the analysis, the technology is expected to reduce the time and effort required by claims adjusters, allowing them to focus on other crucial tasks.
This development is particularly relevant for claims adjusters and insurance companies dealing with high volumes of claims. By implementing CLARA’s technology, these professionals can better mitigate losses and improve recovery rates, which is beneficial for their bottom line.
Overall, CLARA Analytics’ introduction of an AI-driven subrogation detection tool represents another step toward integrating technology in the insurance sector. While it may not be a major overhaul, it reflects the ongoing trend of using innovative technology to optimize traditional processes in the industry.
Original Source: https://ffnews.com/newsarticle/clara-analytics-unveils-ai-driven-subrogation-detection-for-insurance-claims/