CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced it has hired Eugene Wong as Chief Financial Officer (CFO). Mr. Wong brings over 15 years of finance and operating experience to his new role. He will work closely with CLARA CEO Heather H. Wilson to chart the financial and strategic course of the company amid impressive growth.

Mr. Wong’s appointment underscores CLARA’s ability to attract top talent as its claims intelligence platform is recognized for improving outcomes with claim guidance and document intelligence. CLARA was recently named one of the World’s Top Insurtech Companies of 2024 by CNBC and Statista.

“Eugene is not only a gifted financial leader, but he also understands the unique world of high-growth startups — the challenges and opportunities they face as they mature into enduring enterprises,” said CLARA CEO Wilson. “Eugene is also passionate about our mission at CLARA. We are confident he is the right person to help us move aggressively into the future with sound fiscal leadership.”

Mr. Wong formerly served as CFO for Hometap, a fast-growth company striving to make homeownership less stressful and more accessible. While at Hometap, he significantly strengthened the firm’s financial position, drove substantial growth, and matured operations. Eugene was named a HousingWire 2023 Finance Leader for his efforts. Prior to Hometap, he was Vice President of Strategy and Finance at Forward Financing, where he led all initiatives related to strategic growth and finance. Previously, he was also an investment banker with Goldman Sachs in its Financial Institutions Group, where he advised U.S. financial institutions on mergers, acquisitions and financing. Wong also worked as Senior Vice President in the Sponsor Finance Group at Silicon Valley Bank, providing leveraged debt financing to private equity firms in support of their acquisitions of SaaS companies.

“I am very enthusiastic about joining CLARA as the company leads the insurance industry forward, empowering claims representatives with AI-driven insights,” said Mr. Wong. “The CLARA team listens to its customers and persistently innovates, most recently exemplified by the new CLARA Claims DocIntel Pro. The work we do has a profound, positive impact on claims, insurance professionals, and claimants, which ultimately decreases costs and improves experiences. These are just a few of the reasons CLARA has such strong customer traction and retention.”

CLARA leverages cutting-edge AI technologies to transform casualty claims processes, empowering insurance carriers, MGAs, reinsurers, and self-insured organizations with claim intelligence. The company’s mission is to enhance outcomes for carriers, customers and claimants alike as it solves some of the biggest challenges in insurance today and shapes the future of claims.

CLARA will be exhibiting and demoing their leading casualty claims AI platform at Reuters Connected Claims USA 2024 on Nov. 13-14 in Austin, Texas. Heather will be presenting on the low-hanging claims inefficiencies to eliminate now.