Sapiens International Corporation, the technology provider to the insurance industry, has partnered with Gradient AI, a provider of artificial intelligence for insurance and risk management, to enhance its Sapiens CoreSuite for Workers' Compensation and Sapiens GO for Workers' Compensation platforms.
Gradient AI technology will provide predictive insights for both underwriting and claims processes. Underwriting predictions for every policy help drive more profitable pricing and insights for all claims to reduce claims' duration, severity and administrative cost, Sapiens said.
Roni Al-Dor, president and chief executive at Sapiens, said: “Integrating AI capabilities into our core workers' compensation suites will empower insurers to better forecast future probabilities via real-time insights.”
Stan Smith, chief executive of Gradient AI, said: "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."
Sapiens, Gradient AI, Roni Al-Dor, Stan Smith