Ventiv Technology

2023 RMIS Report

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31 ©2023 Redhand Advisors. All rights reserved. Company Overview Klear.ai provides modern, native AI-based insurance software solutions on a seamless secure cloud-based platform. Solutions cover Property & Casualty lines of Insurance, including Workers' Compensation and serve businesses such as TPAs, Insurers, Self-Insureds, Pools, Government/Public entities, Brokers, and Agents across various industries. Built with 20 years of industry and technology expertise, Klear.ai empowers your team to make the right decisions with actionable insights, fraud and waste reduction, and cost-efficiency gains. Klear. ai specializes in RMIS, Claims Administration, Analytics, Intake, Audit and Policy solutions. Klear.ai solutions are easily deployed and maintained to ensure your continued growth. Klear.ai Product Information Klear.ai RMIS offers a comprehensive system that consolidates, detects, and presents, for easy risk management and mitigation. Leveraging over 20 years of experience in data consolidation and transformation of insurance and risk-related data, Klear.ai provides predictive insights, empowering users to make well- informed decisions at the right time. Klear.ai Claims is an all-inclusive, advanced claims administration system with native AI capabilities to deliver intelligent recommendations and predictive insights throughout the claims lifecycle. The first of its kind to use native AI and automation to improve supervisor-to-adjustor ratios. Klear.ai Analytics is a self-servicing BI solution built with native AI and ML, helping customers get the full picture and creating actionable insights for better business decisions. Klear.ai Audit uses predictive insights to identify "auditable" situations and other KPI's, highlighting strengths and training opportunities. Klear.ai Policy Administration includes underwriting, rating and renewal. Klear.ai Solutions include Intake, Absence Management, Claimant Mobile App. What's New • AI infused Capabilities: – Adjuster Performance Rating Capability • Ability to objectively evaluates the performance of adjusters taking multiple configurable factors into account • Ability to configure weightages for each factor with final ratings highlighting adjuster strengths and weaknesses directing manager for appropriate remediation Company Info Ownership | Privately held Founded | 2018 Headquarters & Locations • Cypress, CA • Denver, CO • Long Island, NY • Columbus, OH Leadership • Brij Kumar, CEO • Randy Wheeler, Advisor • Pete Govak, CRO • Craig Evans, CTO • Anand Shirur, VP Analytics Contac t Darrel Vaughn darrel@klearai.com 925-640-7156 Employees | 150+ 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 klearai.com PRODUCT SCORES 8.4 9.0 Claims Management Claims Administration 7.2 Renewal 9.0 9.0 Incident Management Policy/Program Mgmt 8.5 8.8 System Attributes System-wide Capabilities 8.9 8.9 Reporting Analytics NOT FOR DISTRIBUTION

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