CLARA Analytics’ will provide the predictive analytics and AI tools to Sapiens’ core workers’ compensation offering for quality decisions that will benefit injured workers
Artificial intelligence (AI) becomes more ubiquitous in core HR functions, as seen in Sapiens’ partnership with CLARA Analytics.
Sapiens Americas, a provider of software solutions for the insurance industry, announced on June 4, 2020, that it will leverage CLARA Analytics’ AI-powered predictive analytics tools in the Sapiens CoreSuite for Workers’ Compensation.
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This integration will improve the outcomes of worker claims and reduce multiple sources of loss-costs in claims handling. Customers will also receive access to in-depth analysis to reduce risk.
The collaboration Opens a new window will also enable interventions for loss-time injured workers and is likely to benefit them. Using a predictive modeling framework, it will also provide users to simulate the costs and benefits of existing early intervention programs.
“We are excited about the opportunity to work with Sapiens, a leading global organization, and to empower its workers’ compensation claims teams to transform the way workplace injuries are handled, including decisions such as finding the right doctor and prioritizing claims,†said Gary Hagmueller, president and CEO, CLARA Analytics. “Our tools are designed to be easily implemented into an insurer’s existing claims workflow, while reducing costs to provide a significant return on investment.â€
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“This strategic alliance will meet the current and future needs of Sapiens’ customers in a transparent and efficient way,†said Roni Al-Dor, Sapiens president and CEO. “Carriers can discover new claims insights and understand how these discoveries will positively affect the course of a claim, an employee’s role within an organization and the insurer’s bottom line.â€
Managing worker compensation claims is a highly labor-intensive process and can be prone to a significant number of errors. The integration of AI into the process can automate a significant portion of the process, allowing quicker resolution of compensation claims and delivering a positive experience for employees.
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