Trending...
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
Nation's Largest Independent Third-Party Claims Administrator Now Able to Reduce Claims Work and Generate Accurate MSAs On Demand
SANTA CLARA, Calif. - Californer -- TRISTAR Embraces Artificial Intelligence with CLARA analytics
SANTA CLARA and LONG BEACH, Calif. CLARA analytics ("CLARA"), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that TRISTAR, the nation's largest independent third-party claims administrator, has deployed CLARA's entire suite to assist in workers' comp claim management. In just the first four months of implementation, TRISTAR has already experienced a significant reduction in claims work, particularly when determining Medicare Set-Aside Arrangement (MSA) services, which can now be done on demand rather than requiring weeks of manual analysis and calculations. Additionally, TRISTAR has benefited from substantial cost savings and an increased accuracy of MSAs thanks to CLARA's industry-leading machine intelligence.
"It is in TRISTAR's DNA to seek out ways to improve the products and services we offer our clients. As we considered ways to innovate and further refine our offerings and processes, it became obvious that AI needed to be part of our plans," said Tom Veale, president and co-founder of TRISTAR. "We went with CLARA because it is the clear leader in applying AI to claims, and we're already delighted with the results. It has exceeded our expectations on every front."
CLARA's offerings are designed to improve claims outcomes in commercial insurance with easy-to-use AI-based products. Its comprehensive product suite helps teams reduce various sources of loss costs incurred in claims handling by keeping claims on track throughout their life cycle. One of CLARA's newest and most popular features provides MSA services faster and at vastly reduced costs. This data-driven solution enables CLARA claims users to compile a much richer, more detailed and accurate analysis of estimated future medical costs for injured workers — all at the push of a button.
More on The Californer
"TRISTAR has taken a bold step forward, and the team understands AI's massive potential to disrupt and improve the entire claims process," said Jayant Lakshmikanthan, founder and CEO of CLARA analytics. "TRISTAR is beginning to see how the right kind of AI solutions can solve a whole host of problems in claims management while saving organizations millions of dollars each year. Under Tom's leadership, TRISTAR is helping to raise the collective standard for commercial insurance claims."
To learn more about how CLARA analytics is leveraging AI to transform the claims process, please visit www.claraanalytics.com/.
About TRISTAR
Founded in 1987, TRISTAR is the nation's largest independent third-party claims administrator. It empowers nearly 1,000 employees in offices throughout the United States, focusing business operations in three divisions: property casualty claims management, benefits administration, and managed care services.
TRISTAR's property and casualty division manages claims for more than 350 alternatively funded entities in both the private and public insurance segments. Within that customer base are thousands of individual insureds who are covered through various insurance carrier and program administrator engagements in which TRISTAR functions as the insurer's outsourced claims department. Our claim professionals' personal attention to every client, injured employee and other claimants transform the risks they face into enhanced outcomes for us all. Our property and casualty claims teams' dedication to our core principles is the reason that we achieve 97% average client audit scores and 98% client retention. For more information, please visit www.tristarrisk.com/.
More on The Californer
About CLARA analytics
CLARA analytics (https://www.claraanalytics.com/) improves claims outcomes in commercial insurance with easy-to-use artificial intelligence (AI)-based products. CLARA's suite helps claims teams reduce various sources of loss costs in claims handling by keeping claims on track throughout their life cycle. The suite uses the latest in AI and machine learning (ML) technology and can integrate easily into any workflow or infrastructure to rapidly start showing value. CLARA's customers include companies from the top 25 insurance carriers to small, self-insured organizations. CLARA analytics was founded in 2015 and is headquartered in Silicon Valley in California. For more information, visit www.claraanalytics.com, and follow CLARA analytics on LinkedIn (https://www.linkedin.com/company/clara-analytics/) and Twitter (https://twitter.com/claraanalytics).
###
CLARA claims, CLARA litigation and CLARA providers are trademarks of CLARA analytics. All other brand names and solution names are trademarks or registered trademarks of their respective companies.
Tags: CLARA analytics, artificial intelligence, AI, machine learning, commercial insurance, workers' comp, TRISTAR, claims administrator, insuretech, claims, litigation, predictive analytics, risk management
SANTA CLARA and LONG BEACH, Calif. CLARA analytics ("CLARA"), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that TRISTAR, the nation's largest independent third-party claims administrator, has deployed CLARA's entire suite to assist in workers' comp claim management. In just the first four months of implementation, TRISTAR has already experienced a significant reduction in claims work, particularly when determining Medicare Set-Aside Arrangement (MSA) services, which can now be done on demand rather than requiring weeks of manual analysis and calculations. Additionally, TRISTAR has benefited from substantial cost savings and an increased accuracy of MSAs thanks to CLARA's industry-leading machine intelligence.
"It is in TRISTAR's DNA to seek out ways to improve the products and services we offer our clients. As we considered ways to innovate and further refine our offerings and processes, it became obvious that AI needed to be part of our plans," said Tom Veale, president and co-founder of TRISTAR. "We went with CLARA because it is the clear leader in applying AI to claims, and we're already delighted with the results. It has exceeded our expectations on every front."
CLARA's offerings are designed to improve claims outcomes in commercial insurance with easy-to-use AI-based products. Its comprehensive product suite helps teams reduce various sources of loss costs incurred in claims handling by keeping claims on track throughout their life cycle. One of CLARA's newest and most popular features provides MSA services faster and at vastly reduced costs. This data-driven solution enables CLARA claims users to compile a much richer, more detailed and accurate analysis of estimated future medical costs for injured workers — all at the push of a button.
More on The Californer
- John Duffy Competes in Mr Muscle Beach
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Thorn & Bloom Magazine Unveils Groundbreaking Second Edition: "Breaking the Cycle"
- Cheap O SMS Launches Groundbreaking Free SMS API Service
- California: Governor Newsom signs legislation 7.3.25
"TRISTAR has taken a bold step forward, and the team understands AI's massive potential to disrupt and improve the entire claims process," said Jayant Lakshmikanthan, founder and CEO of CLARA analytics. "TRISTAR is beginning to see how the right kind of AI solutions can solve a whole host of problems in claims management while saving organizations millions of dollars each year. Under Tom's leadership, TRISTAR is helping to raise the collective standard for commercial insurance claims."
To learn more about how CLARA analytics is leveraging AI to transform the claims process, please visit www.claraanalytics.com/.
About TRISTAR
Founded in 1987, TRISTAR is the nation's largest independent third-party claims administrator. It empowers nearly 1,000 employees in offices throughout the United States, focusing business operations in three divisions: property casualty claims management, benefits administration, and managed care services.
TRISTAR's property and casualty division manages claims for more than 350 alternatively funded entities in both the private and public insurance segments. Within that customer base are thousands of individual insureds who are covered through various insurance carrier and program administrator engagements in which TRISTAR functions as the insurer's outsourced claims department. Our claim professionals' personal attention to every client, injured employee and other claimants transform the risks they face into enhanced outcomes for us all. Our property and casualty claims teams' dedication to our core principles is the reason that we achieve 97% average client audit scores and 98% client retention. For more information, please visit www.tristarrisk.com/.
More on The Californer
- Fireworks, fun, and safety: California preps for the holiday weekend
- BillBoards Inc. Hits the Road with God Bless America Tour and Reality Series Now Streaming on Tubi TV
- Legacy vs. Legacy Gala: Celebrating the Past, Powering the Future of the L.A. Watts Summer Games
- Orion Retreats: Pioneering the Future of Conscious Leadership and Luxury Wellness Tourism
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
About CLARA analytics
CLARA analytics (https://www.claraanalytics.com/) improves claims outcomes in commercial insurance with easy-to-use artificial intelligence (AI)-based products. CLARA's suite helps claims teams reduce various sources of loss costs in claims handling by keeping claims on track throughout their life cycle. The suite uses the latest in AI and machine learning (ML) technology and can integrate easily into any workflow or infrastructure to rapidly start showing value. CLARA's customers include companies from the top 25 insurance carriers to small, self-insured organizations. CLARA analytics was founded in 2015 and is headquartered in Silicon Valley in California. For more information, visit www.claraanalytics.com, and follow CLARA analytics on LinkedIn (https://www.linkedin.com/company/clara-analytics/) and Twitter (https://twitter.com/claraanalytics).
###
CLARA claims, CLARA litigation and CLARA providers are trademarks of CLARA analytics. All other brand names and solution names are trademarks or registered trademarks of their respective companies.
Tags: CLARA analytics, artificial intelligence, AI, machine learning, commercial insurance, workers' comp, TRISTAR, claims administrator, insuretech, claims, litigation, predictive analytics, risk management
Source: CLARA analytics
0 Comments
Latest on The Californer
- DetailAxis Unveils it's 'Business Engine': Powerful AI Systems for Auto Appearance Pros
- California: Governor Newsom announces appointments 7.2.25
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Governor Newsom honors fallen California Highway Patrol Officer Miguel Cano
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Governor Newsom marks historic expansion of California's Film and Television Tax Credit Program, announces 16 new projects to film in the Golden State
- Talar Guedikian Named Winner of 2025 AAJ Paralegal of the Year Award, Sponsored by Advocate Capital
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- California: Did gas prices go up by 65 cents at the pump? No.
- Snell & Wilmer Welcomes Associate Victoria Cendejas to the Orange County Office
- Crime in California drops again — state records second-lowest homicide rate since 1966
- FireAid Donates $75,000 To California Strong To Distribute To Palisades and Eaton Fire Victims
- Celebrate Safely: 4th of July BBQ & Celebration Essentials from Mercury Insurance
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities