Insurtech company CLARA Analytics has secured an undisclosed investment from Nationwide Ventures, enhancing its capabilities in AI-driven insurance claims processing.  

CLARA Analytics offers an AI platform,, to analyse a mix of structured and unstructured data.  

It employs natural language processing (NLP) to perform contextual analysis, generating insights that support claims associates in making informed, data-driven decisions. 

The company utilises a combination of predictive AI, GenAI and LLMs to extract information from claims documents.  

This is said to result in concise case summaries, predictive alerts, and actionable recommendations that are provided to claims associates. is designed to serve as a platform for key stakeholders within an organisation, ensuring that the right individuals have access to the necessary insights. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Nationwide Ventures is the investment arm of insurance company Nationwide.  

The investment is a continuation of the collaborative relationship between CLARA Analytics and Nationwide.  

In early 2022, the two companies initiated a partnership to integrate AI technology into the commercial insurance sector, focusing on enhancing workers’ compensation claims operations through AI. 

CLARA Analytics CEO Heather Wilson said: “The Nationwide investment is a huge vote of confidence from a leading voice in the industry. We have more than doubled our annual recurring revenue in the past year, as carriers recognise the value of AI in claims management.  

“We expect our rapid growth to accelerate even further, as AI becomes a mainstay in modern claims management organisations.” 

Nationwide chief operating officer of commercial, E&S and specialty George Williams said: “Since partnering together in 2022, Nationwide has seen the very substantial benefits that this technology can offer.  We are excited to expand this relationship and look forward to what’s to come between our two companies.” 

Since its inception in 2017, CLARA Analytics has demonstrated significant growth, with total fundraising reaching $64m.  

This includes $24m raised in a Series C financing round announced in September 2023.