Soteris, a machine learning company for the property/casualty insurance industry, announced the launch of a new product that helps carriers and MGAs make more money from their current distribution network without any change to rates, forms, filings, or headcount.

Soteris’s first product, which helps insurers improve their loss ratios, has been live with carriers and MGAs since 2020. The company’s new AI profit optimization product is specifically designed to directly target an insurer’s bottom line.

Soteris has raised more than $8M in seed funding, led by Spider Capital, with participation from Intact Private Capital, Amplify Partners, DCVC, the Webb Investment Network, and Overlook Ventures.

***

CLARA Analytics, a provider of artificial intelligence technology for insurance claims optimization, launched Agentic Intelligence, an end-to-end AI workforce built for complex casualty and workers’ compensation claims.

Built into the CLARAty.ai platform, it puts a team of AI agents on every claim, from first notice of loss through resolution, while adjusters stay in control of every decision.

This launch moves CLARA from a system that surfaces insights to one that recommends next steps and helps carry them out. Embedded directly within the claim file, CLARA’s agents leverage a 10-year proprietary data moat of historical outcomes.

The new workforce gives adjusters instant access to where a score came from and how current the underlying data is. Agents add context and reasoning to the intelligence delivered to claims and actuarial professionals.

***

Cozmo AI, an AI workforce for property/casualty claims, announced the launch of its platform for restoration networks and third-party administrators.

The company automates the claims process from first notice of loss through invoice settlement, working across the systems those organizations already use. It also deploys AI employees to handle the end-to-end operational work between the first notice of loss and invoice settlement. The agents capture claim information and dispatch the work. They follow up on documents, interpret field documentation, prepare carrier ready estimates, and communicate with the relevant teams to chase invoice payments and close the loop.

Rather than asking organizations to replace the systems they already use, Cozmo AI works across existing claims and communications platforms as well as CRMs and core claims systems.

Sources: Soteris, CLARA Analytics, Cozmo AI