Luke Gallin Artificial Analytics, an AI and data science firm, has announced an $11.5m series A funding round, led by venture growth-equity fund OAK HC/FT. Luke Gallin Artificial offers claims operation software based on AI for the personal injury, disability and property insurance markets, and aims to reduce the billions of dollars of annual losses due to claims leakage in these sectors. The company claims its technology can reduce up to 10% of claims indemnity and loss adjustment costs.
Clara Analytics, an AI and data science firm, has announced an $11.5m series A funding round, led by venture growth-equity fund OAK HC/FT. Clara offers claims operation software based on AI for the personal injury, disability and property insurance markets, and aims to reduce the billions of dollars of annual losses due to claims leakage in these sectors. The company claims its technology can reduce up to 10% of claims indemnity and loss adjustment costs.