Gary Hagmueller Joins CLARA analytics to Lead Artificial Intelligence Movement in Commercial Insu

CLARA Aggressively Scales to Power the Next Generation of AI-Augmented Claims Operations
 
SANTA CLARA, Calif. - July 30, 2019 - PRLog -- CLARA analytics ("CLARA"), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that Gary Hagmueller has been named chief executive officer as company founder Jayant Lakshmikanthan transitions to the role of chief product officer. This further expansion of the executive team partners a proven leader with deep experience scaling companies in high-growth markets with a product visionary, passionate about reducing claims costs while improving the claimant experience. The addition of Hagmueller comes on the heels of a number of key executive hires as CLARA enters a new stage of growth.

"Throughout my career, I have sought out companies that use innovative technology to fundamentally transform key markets. In CLARA, I see a rapidly growing firm that is transforming claims operations from an ineffective and expensive process into a highly effective function that significantly reduces costs while substantially improving the experience for both customers and employees," said Hagmueller. "Given that $330B is spent annually on claims operations and settlements, this is a massive market ripe for disruption.

"AI and machine learning are transformative technologies but only when applied strategically to solve real problems. The CLARA team understands the fundamental issues in the commercial insurance industry at a very deep level and has developed a suite of elegant solutions to address these sticking points. Adoption and enthusiasm for CLARA's products thus far has been amazing, and we've only just begun to commercialize our applications," added Hagmueller.
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"Gary is the ideal CEO for CLARA as the company takes bold steps forward. Adoption and demand have increased so quickly that the company needs a leader with deep experience in all facets of scaling an enterprise-focused, AI-based SaaS company," said Lakshmikanthan. "I am thrilled to be shifting my attention back to my passion in developing and evangelizing our products as CLARA is poised to become the dominant provider of AI tools for claims operations in insurance worldwide. I look forward to partnering closely with Gary and all that we will accomplish together."

Hagmueller joins CLARA as the company builds on its momentum by signing an industry-first partnership with leading global professional services firm Aon to deliver a jointly developed AI solution that helps risk managers understand their underlying legal costs and prevent litigation from entering the workers' compensation claims process. While doubling the number of customers since 2018, CLARA also strengthened its exceptionally talented executive team. ...

To learn more about CLARA and how it is leveraging AI and machine learning to transform the commercial insurance industry, please visit www.claraanalytics.com.

Full release text: http://ow.ly/s80A30pfsUP

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