Sapiens International has joined forces with Gradient AI to apply predictive insights to workers’ compensation underwriting and claims processes.
Gradient designs and rolls out AI solutions specifically for the insurance and risk management industries.
Under the partnership, Sapiens will integrate its workers’ compensation offerings ‘Sapiens CoreSuite’ and ‘Sapiens Go’ with Gradient’s AI solutions.
The integration will provide predictive insights on the Workers’ Compensation underwriting and claims processes.
The company claims that predictive underwriting will help insurance companies to cut administrative costs as well as the duration of the claims handling process.
Sapiens president and CEO Roni Al-Dor said: “Integrating AI capabilities into our core workers’ compensation suites will empower insurers to better forecast future probabilities via real-time insights.
“We are pleased to partner with Gradient AI and plan to expand its technology to our property & casualty and life core suites in the near future.”
Gradient AI CEO Stan Smith said: “We are thrilled to partner with Sapiens in their mission to provide world-class underwriting and claims solutions to their customers.
“Our model solutions trained on our vast proprietary data set composed of more than 25 million pieces of historical workers’ compensation data and over 40 external data sources, will deliver measurable results to Sapiens customers.”