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Allied National Selects Gradient AI to Streamline its Group Health Underwriting Process to Support Strategic Growth

Gradient AI’s Solution Improves Underwriting Accuracy, Reduces Quote Turnaround Time, Enhances Customer Experience

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry announced that Allied National, one of the nation’s oldest Third-Party Administrators (TPAs), is integrating its SAIL™ solution to streamline the underwriting process for its small group level-funded product. By using Gradient AI, the company can more accurately predict risks to establish pricing, reduce quote turnaround time, and improve the customer experience while offering competitive pricing.

“We look forward to our continued partnership with Allied National and support its work to offer its customers high quality and competitive health insurance solutions.”

Allied National specializes in individual and small group risk-based products for companies with two to 100 employees. Due to its recent growth, the company sought to streamline and improve its underwriting process to support its future expansion. The goal was to gain a more complete picture of a group’s risk profile while reducing the manual effort and time to develop an accurate and competitive quote.

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After evaluating competitive solutions, Allied chose Gradient AI’s SAIL product due to the solution’s robustness and its unique combination of both prescription and medical data to inform its predictions. The company is now in production with SAIL and has integrated it into its underwriting operations. It has become an integral part of Allied National’s strategic growth plan as the company continues to serve the growing marketplace.

“During the proof of concept, we found that SAIL’s highly accurate risk assessment capabilities combined with its access to prescription and medical data, makes it superior to other solutions in the marketplace,” stated Bill Ashley, CEO of Allied National. “SAIL enables us to turnaround quotes quickly at a competitive price for targeted groups with the confidence that we have a more complete picture of a group’s risk.”

SAIL is Gradient AI’s group medical underwriting solution that evaluates the potential cost of submissions, provides intelligent predictions, and integrates into the automated underwriting processes. It has already successfully automated Allied National’s many manual processes associated with underwriting, including eliminating cumbersome individual health questionnaires. Having access to both prescription and medical data has enabled Allied National to use a streamlined five question knockout application to eliminate any short-term specific risk that may not be revealed in the dataset.

“We are proud and excited to have one of the nation’s oldest and most respected TPA’s choose Gradient AI to support its underwriting operations,” stated Stan Smith, CEO and Founder of Gradient AI. “We look forward to our continued partnership with Allied National and support its work to offer its customers high quality and competitive health insurance solutions.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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