Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA

June 6, 2024

USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients.

The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to address organizations’ top claim drivers based on their industry, sub-vertical, size and geography, providing access to expert insights, innovative and customized solutions, quantified return on investment, and market-leading vendors at USI-preferred pricing.

With PATH, businesses can access a leading-edge technology platform designed to address gaps in their risk management programs through a guided, analytics-driven experience that pairs risk management solutions with individual loss drivers to enable a streamlined, cost-effective decision-making process.

The Baldwin Group Introduces API-Connected Underwriting Platform Cyber Navigator

Independent distribution firm The Baldwin Group has launched Cyber Navigator – its application program interface (API)-connected placement platform.

With Cyber Navigator participating business insurance buyers will be able to complete a dynamic, collaborative, digital application that connects instantly via API to underwriting platforms. Quote options are available within minutes with bespoke coverage including state-of-the-art enhancements. The platform also provides a competitive cost analysis and comparison of terms and conditions. The Baldwin Group already has relationships in place with six carriers at its launch including Beazley Insurance Company, CFC, Chubb, Corvus, Cowbell, and Tokio Marine HCC.

Cyber Navigator is powered through a collaboration with Limit, a market-leading digital commercial brokerage and software provider.

CLARA Analytics Launches AI-Based Fraud Detection for Workers’ Compensation Claims

CLARA Analytics announced the launch of a new fraud detection product that leverages the company’s AI platform and large workers’ compensation datasets to increase visibility into suspicious claims.

CLARA Fraud provides alerts and data-driven justification for special investigation unit referrals. It builds upon the company’s industry-leading expertise in AI-enabled claims management to analyze millions of case details, billing records, medical transcripts, and legal demand letters. CLARA Fraud will give claim professionals confidence to refer suspicious claims for investigation with limited false positives and uncover fraudulent activity from bad actors across millions of claims.

CLARA Fraud analyzes a wide array of factors, including servicing locations, claimants having multiple claims open at the same time, the same attorney working similar claims, and even exaggerated claims. The factors not only identify potential network fraud but also assist adjusters in justifying referrals to the SIU.

Topics Cyber Fraud InsurTech Workers' Compensation Tech Data Driven Artificial Intelligence Risk Management

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