Gradient AI's artificial intelligence-powered solutions to be
integrated with Sapiens' core workers' compensation offerings to
help reduce claims' durations and costs
HOLON, Israel, Aug. 19, 2020 /PRNewswire/ -- Sapiens
International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a
leading global provider of software solutions for the insurance
industry, announced today it has entered into an agreement to
partner with Gradient AI, a provider of artificial intelligence
solutions specifically designed for insurance and risk
management.
Gradient AI's artificial intelligence solutions will be
integrated with Sapiens' core workers' compensation offerings,
Sapiens CoreSuite for Workers' Compensation and Sapiens GO for
Workers' Compensation, providing 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.
"We are thrilled to partner with Sapiens in their mission to
provide world class underwriting and claims solutions to their
customers," said Stan Smith, CEO,
Gradient AI. "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."
"Predictive analytics are already significantly impacting
business operations and the customer experience in the insurance
industry," said Roni Al-Dor,
president and CEO, Sapiens. "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."
About Gradient AI
Gradient AI was founded in order to address the need for
state-of-the-art Artificial Intelligence (AI)
solutions designed specifically for the insurance industry. AI
has emerged as a disruptive force revolutionizing the way insurance
professionals achieve their objectives, and Gradient is leading
that charge. Our solutions include software and models utilized by
many of the world's most recognized insurance carriers, MGAs, TPAs,
pools, PEOs and more. Gradient's team of expert data scientists and
insurance technology experts have an exceptional history of
building wildly successful insurance technology companies, with the
most satisfied customers in the industry. At Gradient, we focus
exclusively on delivering measurable results in your underwriting
and claims operations. To learn more about Gradient AI, please
visit www.gradientai.com.
About Sapiens
Sapiens International Corporation empowers insurers to succeed
in an evolving industry. The company offers digital software
platforms, solutions and services for the property & casualty,
life, pension & annuity, reinsurance, financial &
compliance, workers' compensation and financial markets. With
more than 35 years of experience delivering to over 500
organizations globally, Sapiens has a proven ability to satisfy
customers' core, data and digital requirements. For more
information: www.sapiens.com.
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Media Contact
Alex
Zukerman
CMO and Chief of Strategy, Sapiens
+972 546 724 910
alex.zukerman@sapiens.com