Gradient AI

Gradient AI

321 Summer Street
Floor 6
Boston, MA 02210

W http://www.gradientai.com

Contact: Chris DiGiuseppe

E chris.digiuseppe@gradientai.com

P (609) 413-5211

Company Description

Description of Product or Services you would like to promote in the Association:

Gradient AI is a leading provider of proven artificial intelligence solutions for the insurance industry. Our solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy. Unlike other solutions that use a limited claims and underwriting dataset, Gradient's software-as-a-service (SaaS) platform leverages a vast dataset comprised of tens of millions of policies and claims. It also incorporates numerous other features including economic, health, geographic and demographic information. Customers include some of the most recognized insurance carriers, MGAs, TPAs, risk pools, PEOs and large self-insureds across all major lines of insurance. By using Gradient AI’s solutions, insurers of all types achieve a better return on risk.

How does your product or service specifically target/benefit Program Administrators:

Our solutions improve loss ratios and profitability by predicting underwriting and claims risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation.

 

With Gradient AI Underwriting Solutions, our clients grow their business profitably by: 
  1. Enabling their underwriters to evaluate risks with greater clarity, speed, and precision so they can take the right risks at the right price.  
  1. Decreasing quote turnaround time to win more business by leveraging AI and powerful analytics.  
  1. Enabling straight-through processing, reducing the time their underwriters spend on simpler applications and enabling them to spend more time assessing complex policies, improving win rates, loss ratios and profitability.
 

Gradient AI Claims solutions enable our clients to: 

  1. Manage claims more proactively with automated monitoring of changes in claim risk, reducing claim duration and claim cost. 
  1. Drive better outcomes for the carrier, the insured and the claimant. 
  1. Leverage AI-powered proactive claims management to process more claims while reducing your workload. 
  1. Capture and preserve the institutional knowledge of seasoned adjusters.

What differentiates your product from others in the marketplace?

  1. Rich, Wide and Deep Industry Federated Dataset
    • Millions of policy and associated claims records
    • Broad coverage:  80+ features
    • Geographic & Industry diversity
    • Leverage medical data to drive higher accuracy
  2. Data and solutions for both Underwriting and Claims
    • Closes the loop - claims experience informs underwriting and vice versa
    • Experience in integrating AI into claims and underwriting operations
  3. Extensive AI and Insurance Expertise
    • World-class data scientists backed by a team of data and software engineers
    • Deep insurance expertise - 200+ person years of experience