Ventiv Technology

2022 RMIS Report

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Company Overview Klear.ai provides Native AI-powered software solutions for Policy, Claims, and Risk Management, for all insurance lines of commercial Property & Casualty Insurance including Workers Compensation, and all types of Property and Liability lines. Klear.ai Product Information KlearClaims - for Claims Adjudication & Management KlearAudit - for the internal audit of the Claims process and team KlearAnalytics - for Reporting and Analytics KlearIntake - for data intake, digitally example, Claim and Claimant information, to be insured client information, etc., KlearPolicy - for Policy Management including Underwriting, Rating, and Renewal KlearUR - for Utilization Review KlearAbsence - to manage leave, accommodation, and RTW of the injured employee What's New • More automation, alerts, and notifications built-in KlearClaims to increase the bandwidth of each and every Claim Adjuster/Claim Examiners. • Klear.ai GeoAnalytics for COVID related analysis and reporting • KlearCase for Case Load Management • KlearUR for Utilization Review What's Coming • We are adding KlearAbsence, a new module to KlearClaims to manage Absence management, accommodations, and Return to Work (RTW) • We are enhancing the features and functionality of Klear.ai solution suite and here is a partial list of such enhancements: – Enhancement of Claim Segmentation feature based on more variables – Recommendation of provider(s) to treat an injury in conjunction with Provider risk rating – Recommendation to assign Nurse Case Managers – Recommendation on Settlements with a dollar value Company Info Ownership | Privately held Founded | 2018 Headquarters & Locations • Cypress, CA • Cerritos, CA • Sarasota, FL • Columbus, OH Leadership • Brijesh Kumar, CEO • Randy Wheeler, Advisor • Anand Shirur, Managing Director • Craig Evans, VP of Product Development • Sudhi Kowligi, CRO • Darrel Vaughn, VP of Sales Contac t Darrel Vaughn darrel@klearai.com 925-640-7156 Employees | 120 Annual Revenues Top Industries • Education • Government • Nonprofit Institutions • Oil & Gas • Wholesale Produc t Of ferings • Benchmarking • Certificate of Insurance Mgmt • Claims Administration • Claims Mgmt • Data Analytics/ Predictive Modeling • EH&S • Exposure/Asset Mgmt • GRC • Healthcare Risk Mgmt • Litigation Mgmt • Location/Property Mgmt • OSHA Compliance • Policy/Program Mgmt • Risk Pool Administration • TCoR/Allocations • Underwriting 42 klearai.com ©2022 Redhand Advisors. All rights reserved. PRODUCT SCORES 8.0 8.5 Claims Management Claims Administration 8.0 7.0 Legal/Matter Mgmt Benchmarking 8.0 8.0 System Attributes System-wide Capabilities 8.0 7.5 Incident Management Policy/Program Mgmt 7.5 Reporting

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