Risk and insurance SaaS company Origami Risk has established a strategic partnership with Gradient, which will give its customers access to claims and policy modelling capabilities.
The agreement will also see Origami deploy the predictive analytics resources on its platform.
Gradient offers AI-powered tools and resources that boost the efficiency of policy underwriting and claims adjusting processes. Its tools can identify the most expensive and complex claims, predict incurred costs, assign resources effectively, automate and support decision making, automate underwriting, identify risks and more.
Its tools will be integrated with Origami’s workflow, reporting and digital engagement tools.
Gradient AI CEO Stan Smith said, “There’s no question that speed and accuracy in both claims management and underwriting have become paramount for insurers.
“The seamless integration of our tools with Origami’s capabilities will facilitate improved decision-making, faster responses and measurable improvements in claims experience and underwriting results.”
The Origami platform offers a risk and insurance technology platform for risk management staff across insured corporate and public entities, to insurance carriers, brokers, TPA’s and risk consultants. The company offers a selection of products including MIS, GRC, Claims, Safety, Analytics, Underwriting and Data Tools.
Origami Risk CEO Robert Petrie said, “As insurers strive to operate more profitably while maintaining market share and achieving targeted growth, new AI-driven solutions are increasingly helping them achieve their goals.
“Our collaboration with Gradient AI offers insurers, risk pools and large self-administered plans using our platform ready access to robust tools that can have measurable impacts on their performance and growth.”
Insurance Board, a non-profit corporation which administers property and casualty insurance for churches in the US, recently picked Origami Risk to streamline its underwriting.
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