Aon enters into workers' comp insurtech partnership
Aon has partnered with CLARA, an insurtech focusing on data analytics and artificial intelligence, aiming to aid the processing of workers' compensation claims. The two firms' platform will provide software that connects injured employees with medical providers, while also making use of analytics to process compensation claims. CLARA's analytics capabilities will be used in combination with Aon's own data aggregation platform to crate a more efficient model for insurers providing workers' compensation coverage. 

A construction worker works on the new Transbay Terminal in San Francisco, California, U.S., on Thursday, Sept. 8, 2011. President Barack Obama called on Congress to pass a jobs plan that would inject $447 billion into the economy through infrastructure spending, subsidies to local governments to stem teacher layoffs and cutting in half the payroll taxes paid by workers and small-business owners. Photographer: David Paul Morris/Bloomberg David Paul Morris/Bloomberg

Aon has collaborated with insurtech CLARA analytics to offer workers’ compensation insurers artificial intelligence and predictive analytics tools that help injured employees return to work quickly.

The deal facilitated by Aon Benfield, the broker’s reinsurance intermediary and capital advisor, also decreases loss ratios and improves operational efficiency around claims for carriers, according to the companies.

“For carriers balancing C-suite and board level interest in innovation and cost management, CLARA can be a quick and easy win with minimal impact to expenses,” said George deMenocal, president and CEO of Aon Benfield US, in a statement. “CLARA’s analytics will be complemented by Aon Inpoint [Aon’s data aggregation platform] to improve claims outcomes and develop AI platforms to gain operational efficiencies for insurers.”

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CLARA’s core products are designed to live within carriers’ existing claims workflow. The first, PUMA, is a tool that instantly connects injured workers with medical providers. Meanwhile, CATT operates as a “control tower” for adjusters and expedites simple claims using data compiled through machine learning the day a first notice of loss occurs.

“Key decisions like finding the right doctor for an injury or prioritizing claims can be tough to make without science-based tools,” said Jayant Lakshmikanthan, president of CLARA analytics. “Our mission is to deliver easy-to-use tools like PUMA and CATT to adjusters and supervisors that are built upon cutting-edge AI technologies.”