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Michigan Planners Partners with Gradient AI for Risk Projections Improvement

Oct 01, 2024over 1 year ago

Contract Type

partnership

BostonSoftware

Description

Gradient AI announced a partnership with Michigan Planners, enabling the latter to use Gradient AI’s SAIL™ underwriting solution to gain deeper insights into risk. This solution allows Michigan Planners and its clients to create customized group health solutions and achieve significant cost savings by tailoring plans to the specific needs of each employer group.

Company Information

Company

Gradient AI

Location

Boston, Massachusetts, United States

About

Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. 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.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months