Monday 27 March 2023

US-based AI insurance software provider Klear.ai has acquired risk management information system provider Inform business from California-based software developer Cloud software Group, Inc., the company said.

Terms of the transaction were not disclosed.

This move fortifies Klear.ai's position as an industry leader in native AI Risk and Claims Management software, with Inform's 35-year track record of maximising risk analysis, enhancing safety, and improving operations.

The integration of Inform's comprehensive and user-friendly RMIS into Klear.ai's existing risk, claims and analytics product suite will benefit insurance providers, self-insured organisations, and government entities. The combination will enable customers to make better-informed decisions and gain a complete, accurate view of their risk landscape.

Klear.ai Technology an SaaS platform with native AI insurance software solutions for Property & Casualty, Workers' Compensation Claims Administration, Risk Management, Policy Management, Analytics, and Auditing.