In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial science, Bayesian statistics and generalized linear models, to cloud computing, telematics and advanced machine learning models, risk management models have always been designed to push the possibilities of prediction....
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total funding to $60 million. With this latest funding, the company aims to enhance its platform’s AI capabilities, including generative AI,...
The continuing boom of InsurTech innovation is a reflection of just how vast the opportunity is for technologies like machine learning (ML) to disrupt an industry that has relied on legacy processes for so long. Areas of commercial insurance like workers’ compensation have been a...
Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. The trend is not entirely unexpected and can be attributed to the pandemic, with FinTech funding dropping...
February 29, 2024
In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial science, Bayesian statistics and generalized linear models, to cloud computing, telematics and advanced machine learning models, risk management models have always been designed to push the possibilities of prediction. “AI is the decision support for that adjuster that is […]
September 07, 2023
CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total funding to $60 million. With this latest funding, the company aims to enhance its platform’s AI capabilities, including generative AI, predictive modeling and natural language processing (NLP), according to a […]
