Claros Product Updates

12/21/2023

•    Actuarial Assistant → ClarosPlan. Forecast the impact of plan changes, including plan design, group size/demographics, stop loss, and network discounts, including reference-based pricing.

•    Risk Decision Support → ClarosRisk. Identify when a group should consider switching to self-funding or negotiating their rate with a rising premium renewal, determine the best plan structure (self-funded vs. fully insured vs. level-funded) for each group, and tweak self-funded plan elements to optimize each plan for your client's risk tolerance and financial situation.

•    Experience and Migration Predictive → ClarosBudget. Automate and standardize the budgeting process for your self-funded groups. The migration portion of this application is almost ready — stay tuned!

•    ClarosReserve → ClarosReserve. This one kept its name, but it's now online! Automate the IBNR reserving process and export a complete auditor's package for easy approval.

Our team is hard at work testing, updating, and improving our applications to ensure that the transition from desktop to web is as seamless as possible for our legacy application clients. If you'd like to learn more about transitioning from your existing desktop applications to our new web applications, email Dan Wolsk.