Skyward Specialty Leverages Gradient AI to Offer Unique Stop-Loss Solution

Skyward Specialty Insurance Group, a leader in the specialty property and casualty (P&C) market, has partnered with Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, to power its Accident and Health (A&H) division's latest technology driven stop-loss solution, SkyVantage. AI and ML News: Why SMBs Shouldn't Be Afraid of Artificial Intelligence (AI) As employer healthcare costs continue to rise, an increasing number of businesses are turning to self-funded health insurance models. However, lack of access to sufficient historical data leaves many companies unable to purchase stop-loss insurance, access necessary protection to self-fund employee benefits and take advantage of the value-added quality and cost containment solutions afforded to self-funded employers. These employers are relegated to the fully insured market to provide health benefits, resulting in double-digit annual increases and plan designs that leave employees functionally uninsured. Skyward Specialty A&H met this challenge with SkyVantage, which leverages Gradient AI's SAIL medical underwriting solution.