PrestigePEO sees success with Gradient AI's SAIL, delivering enhanced group health risk assessment and underwriting

Gradient AI, an enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, announced the successful results of implementing its SAIL AI Solution by PrestigePEO, one of the nation’s largest professional employer organizations (PEO). 

SAIL provides comprehensive insights into group health risks, enabling data-driven decision-making, smarter underwriting, and more accurate pricing strategies, according to the company.

PrestigePEO offers large-company employee benefits and HR services to small and medium-sized businesses (SMBs).

By utilizing SAIL, the platform enables the company to identify both good risk and bad risk among SMB populations covered under its umbrella of services and streamline group insurance selection processes while supporting its growth strategy, according to PrestigePEO. 

Before adopting SAIL, PrestigePEO faced challenges in acquiring comprehensive information about the risk profiles of various groups, hindering its ability to make informed underwriting decisions for group health insurance for the SMBs it serves.

"SAIL has significantly improved PrestigePEO's underwriting process," said Stan Smith, founder and CEO of Gradient AI. "By providing actionable insights into group risk profiles, SAIL enables PrestigePEO to make better and more informed decisions, ultimately leading to improved loss ratios and enhanced profitability.”

Gradient AI's SAIL Solution has significantly enhanced PrestigePEO's underwriting process. By harnessing SAIL's advanced machine learning capabilities and vast de-identified data sources, PrestigePEO now possesses a comprehensive understanding of group risk profiles. This knowledge empowers its underwriters to make data-driven decisions, leading to more accurate pricing and improved risk management strategies, according to the companies.

"The knowledge derived from SAIL enables PrestigePEO to strategically determine pricing for plans tailored for SMBs. This AI solution recognizes different risk factors, providing guidance on adopting a more assertive pricing approach during low-risk scenarios and when to reconsider or adjust pricing to accommodate higher risks,” said Andrew Lubash, PrestigePEO founder and CEO. “This aids in gaining a deeper understanding of the marketplace dynamics and the businesses we engage with, ultimately enhancing our decision-making process."

For more information about this news, visit www.gradientai.com or www.prestigepeo.com.