SANTA CLARA, Calif.--(BUSINESS WIRE)--CLARA Analytics (“CLARA”), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced the appointment of Rick Rosenthal as Chief Financial Officer. Reporting to CLARA CEO, Heather H. Wilson, Rick will oversee the company’s finance and accounting organizations, including its corporate development and investor relations functions.
Rick brings nearly 20 years of experience in finance, strategy and business operations, with a successful track record of scaling and leading finance organizations at fast-growing technology companies. Prior to joining CLARA, Rick was the Senior Vice President, Global Head of Finance at Flutterwave, where he played a key role in the company’s Series C fundraise. He also served as a Vice President of Finance at WeWork and at CLEAR, successfully building and leading high-performing strategic and operational finance teams. Rick began his career as an investment banking analyst at Citigroup and as a senior equity analyst at Bear Stearns and Moore Capital.
“Rick Rosenthal is a perfect fit for CLARA Analytics and our obsessive focus on generating value for our customers, going the extra mile, and pushing the envelope on innovation,” said Wilson. “Rick’s background speaks to his dynamic approach to finance and his strategic vision for the office of CFO. Our goal is to deliver clear, compelling ROI to our customers within six months of implementation. Rick’s analytical acumen and focus on data-driven results is especially well-suited to helping CLARA deliver on that vision of strong customer ROI.”
In his prior roles, Rosenthal led numerous projects aimed at elevating the office of finance — driving revenue growth, using business analytics to build a strategic advantage, and applying technology to optimize the effectiveness of people and processes.
“I’m thrilled to be joining the team at CLARA Analytics,” said Rosenthal. “This company’s mission is all about creating win-win situations that maximize value for a range of different stakeholders.
“In the workers’ compensation space, for example, CLARA’s industry-leading AI technology optimizes medical outcomes for injured workers while reducing costs to insurers and easing overburdened case managers,” Rosenthal continued. “When business decisions are backed by solid data and informed by sound analysis, very real benefits can be delivered to stakeholders. CLARA is doing just that.”
Rosenthal is a CFA Charterholder. He received his Bachelor of Business Administration degree from the University of Michigan’s Ross School of Business and was elected to both Phi Beta Kappa and Beta Gamma Sigma.
About CLARA Analytics
CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters “AI superpowers” that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2016, CLARA Analytics is headquartered in California’s Silicon Valley. For more information, visit www.claraanalytics.com, and follow the company on LinkedIn and Twitter.
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Tags: CLARA Analytics, Rick Rosenthal, CFO, chief financial officer, workers comp, workers compensation, insurance, commercial insurance, artificial intelligence, AI, data science, predictive analytics, machine learning, insurtech, insuretech, claims, health care, finance
