CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced it has appointed Jeremy Johnson, former CEO of Protective Insurance, to its board of directors. Johnson will further bolster the company’s deep bench of industry veterans, solidifying CLARA’s position as the leading innovator in AI technology for commercial claims management.
“Jeremy has a remarkable history of delivering tangible value through innovation, evidenced by the outcomes he drove as CEO of Protective Insurance and as AIG’s President of U.S. Commercial Insurance,” said Heather H. Wilson, CEO of CLARA. “We’re delighted that he has decided to join our board. As CLARA continues to revolutionize claims management, Jeremy’s wealth of experience and prominent role in the insurance industry will be immensely valuable as our momentum continues.”
Johnson is the former Chief Executive Officer and board member of Protective Insurance, a publicly traded insurer providing insurance, loss control, and claims capabilities to the transportation industry. In that role, Jeremy executed a successful turnaround and sale of the company to Progressive Insurance, created significant stakeholder value, and invested in new technology and analytics capabilities. Prior to that, he served as President of U.S. Commercial for AIG and was responsible for underwriting, distribution, claims and operations in the U.S., Canada, Brazil, Mexico, Puerto Rico and Bermuda. Johnson also served as Chief Executive Officer of Lexington Insurance Company. He has a law degree from Oxford University.
“CLARA’s platform represents a pivotal advancement for the P&C industry, and as a former CEO, it’s something I would have eagerly embraced,” expressed Johnson. “They’ve established themselves as pioneers in AI for casualty claims management. CLARA’s team of seasoned insurance experts developing an intelligent platform trained by an impressive claims database is a winning formula every CEO and Chief Claims Officer should seriously consider. I’m thrilled to join CLARA’s board.”
CLARA’s award-winning CLARAty.ai platform combines predictive AI, generative AI (GenAI), and large language models (LLMs) to ingest complex documents including medical records and legal correspondence, extract meaningful details, and deliver actionable insights to claims management personnel. By ingesting and analyzing new information as soon as it is available, the technology helps claims managers to stay abreast of changes, summarizing case status and highlighting salient information. CLARA’s customers consistently achieve remarkable ROI, with most exceeding 500%.
CLARA Analytics is a silver sponsor of the fifth annual InsurTech NY Conference, being held March 20-21, 2024, in New York City. Tyler Jones, CMO at CLARA, will be a panelist in a session titled “Improve Claims Productivity Thru Analytics.” InsurTech NY will bring together carriers, brokers, startups and investors to facilitate new relationships and share insights from insurance influencers.
About CLARA Analytics
CLARA Analytics is the leading AI as a service (AIaaS) provider that improves casualty claims outcomes for insurance carriers, MGAs, reinsurers, and self-insured organizations. The company’s platform applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, legal demand packages, bills, and other documents surrounding a claim. CLARA’s predictive insight gives claim professionals augmented intelligence that helps them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2017, CLARA Analytics is headquartered in California’s Silicon Valley. For more information, visit www.claraanalytics.com, and follow the company on LinkedIn and @CLARAAnalytics.
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Tags: CLARA Analytics, Jeremy Johnson, board of directors, insurtech, claims optimization, claims adjusters, claims managers, claims, claims management, artificial intelligence, AI, generative AI, GenAI, machine learning, predictive analytics, commercial insurance, general liability, workers compensation, InsurTech NY Conference
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