CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, 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.
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