BOSTON--(BUSINESS WIRE)--Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced it has been recognized by Enterprise Viewpoint, a leading business and technology magazine, as one of the Top 20 Innovative InsurTech Solution Providers in 2023.
Gradient AI helps insurers and self-insured organizations improve profitability by leveraging AI and its industry data lake to deliver highly accurate predictions of underwriting and claim risks. Its solutions improve underwriting operations by substantially reducing quote turnaround time and increasing pricing accuracy. On the claims side, its solutions reduce claim duration and costs with AI-powered proactive claims management. By harnessing data from tens of millions of policies and claims, the company's platform increases insurers' efficiency and effectiveness ultimately leading to better decision-making.
Enterprise Viewpoint based its selection process for the “Top 20 Innovative InsurTech Solution Providers” on a combination of factors, including the company’s technology, innovation, market potential, and impact. A panel of industry experts and leaders who closely watch InsurTech innovations and trends evaluated and curated the selected companies.
“Our experts chose Gradient AI as a Top 20 InsurTech Innovator based on its exceptional contributions, cutting-edge technologies, proven track record, and commitment to driving technological excellence,” said Edward John, managing editor, Enterprise Viewpoint. “The company is a pioneer in defining the way insurance providers leverage AI and its solutions are transforming the way insurers manage both their underwriting and claims management operations.”
“We are honored to be acknowledged as one of the leading InsurTech Solution Providers in 2023 by Enterprise Viewpoint,” said Stan Smith, CEO and founder, Gradient AI. “It’s gratifying to be recognized for delivering our advanced AI capabilities which help insurers better assess risk, improve their loss ratios and profitability through streamlined claims management, and provide more personalized and competitive products and services to better address their clients’ needs.”
Learn more about the Top 20 Innovative InsurTech Solution Providers.
About Enterprise Viewpoint
Enterprise Viewpoint is a business-oriented website that provides news, insights, and analysis on various industries, such as technology, healthcare, finance, and marketing. The website features a variety of articles, including industry trends, product reviews, and interviews with business leaders. For more information, news, and perspectives from Enterprise Viewpoint, please visit their website at https://enterpriseviewpoint.com/
About Gradient AI
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 industry data lake comprising 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, MGUs, TPAs, risk pools, PEOs, and large self-insured employers across all major lines of insurance. By using Gradient AI's solutions, insurers of all types achieve a better return on risk. To learn more about Gradient AI, please visit: https://www.gradientai.com.
