BOSTON–(BUSINESS WIRE)–Gradient AI, the leading enterprise software provider of artificial intelligence solutions in the insurance industry, recently announced that it has partnered with Merlinos & Associates to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions with expert actuarial and insurance industry consulting services.
Layering Merlinos & Associates’ expert consulting services on top of Gradient’s high-precision models accelerates an insurance organization’s path to implementation, and more importantly accelerates their path to optimization and achieving measurable return on their investment.
Gradient AI and Merlinos & Associates are especially excited to provide this joint offering which leverages both organizations’ deep subject matter expertise in the PEO industry in order to provide the most comprehensive and holistic predictive risk management solution offering in the industry built specifically for PEOs and other risk sharing organizations.
“Speed and accuracy in both risk assessment and pricing have become paramount for insurance companies, MGUs, and Professional Employer Organizations (PEOs),” said Stan Smith, Founder & CEO, Gradient AI. “We’re excited about the combination of our AI/ML predictive analytics solutions with Merlinos’ industry leading actuarial expertise and operationalization capabilities as this will facilitate improved decision-making, faster responses and measurable improvements for our mutual clients.”
The consultants at Merlinos & Associates, through their actuarial, modeling, and industry experience, help risk takers in the insurance industry to maximize the value they can derive when deploying Gradient’s AI predictions within their underwriting and claims operations. The combined expertise of Gradient and Merlinos delivers industry leading planning, operations, deployment, and ongoing measurement of an organization’s results based on the client’s use of AI.
“We became aware of Gradient AI through our consulting work in the PEO industry, and we quickly realized that there was a great match between their skill set and ours,” says Paul Merlino, President of Merlinos & Associates. “We are delighted to team with Gradient and help to expand the use of their tools to the insurance industry.”
Gradient’s artificial intelligence solutions help risk takers in the insurance industry automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with dozens of economic, health, geographic and demographic datasets. This robust aggregation of data can provide demonstrable value for both underwriting and claims clients, across all major lines of insurance, and are utilized by many of the most recognized insurance carriers, MGAs, TPAs, pools, PEOs, and more. Gradient focuses exclusively on delivering measurable results for their clients. To learn more about Gradient, please visit: https://www.gradientai.com.
About Merlinos & Associates
Merlinos & Associates delivers traditional actuarial services to a wide range of domestic and international clients, including primary insurers, reinsurers, municipalities, state insurance departments, law firms, examination firms, audit firms, MGAs, PEOs, self-insured entities and groups, captives, and risk retention groups. Merlinos & Associates handle virtually all lines of property, casualty, and health insurance. In addition, Merlinos & Associates offer a wide range of expanded services, including predictive analytics, monitoring and evaluation of financial condition of insurers, actuarial feasibility studies, self-insurance & risk management strategies, and much more. To learn more about Merlinos & Associates, please visit: http://merlinosinc.com/.