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.

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BOSTON--(BUSINESS WIRE)--Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions for the insurance industry, announced that the company has joined Guidewire's Insurtech Vanguards program, a new initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. "Guidewire is one of the most recognized platform providers in the insurance industry today and we are proud to be working with the company," said Stan Smith, founder and CEO, Gradient AI. "As a part of the Guidewire Insurtech Vanguards program we look forward to helping insurers improve underwriting and claim processes with our AI-power insurance solutions." Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire's P&C customers. "Gradient AI is an effective, innovative, and proven insurance solution providing insurers the intelligence needed to significantly improve their efficiency and profitability in claims and underwriting operations," said Laura Drabik, chief evangelist, Guidewire.