Evolution Risk Partners Boosts Risk Projection Capabilities with Gradient AI

January 7, 2025

The MGU fills gaps in data and claims with AI-driven insights to offer tailored solutions for customers seeking alternative funding options.

By Anthony R. O’Donnell

Evolution Risk Partners (Evanston, Ill.), a Managing General Underwriter providing a variety of stop loss offerings, including captives, pooled risk programs, and level-funded products, has adopted Gradient AI’s (Boston) SAIL underwriting solution to drive more accurate and informed decision-making for its customers in the self-funded space. SAIL enables Evolution Risk Partners to refine risk assessment, leading to more precise pricing and improved financial results, according to a Gradient AI statement.

Evolution Risk Partners partners with employers and brokers to provide customizable and innovative medical stop-loss solutions for self-funded medical programs.

Gradient AI describes SAIL as driven by advanced machine learning algorithms and a rich dataset encompassing medical, prescription, and lab data to provide deeper insights into risk. The vendor says this allows Evolution Risk Partners to address the complex challenges of clients, particularly those that are fully insured or undergoing mergers and acquisitions, where data is often limited.

“We sought a tool capable of greatly enhancing our risk assessment efforts, especially in areas with limited or no detailed group-specific data,” comments Jennifer Taylor, Director of Alternative Risk, Evolution Risk Partners. “SAIL has not only helped us to make quicker, better-informed decisions on risk, but provided us with the detail of what is driving that risk. With other models, that critical information was missing.”

Access to more data and a deeper understanding of risk has fueled profitable growth for Evolution Risk Partners, enabling the company to confidently quote on a larger portion of brokers’ business, according to the Gradient AI statement.

Stronger, More Consultative Approach

“SAIL allows us to expedite underwriting decisions and provide guidance on the most challenging cases, which makes us more valuable to our brokers,” comments George Lemmon, founder and CEO, Evolution Risk Partners. “We are able to partner on a much bigger piece of their world and provide a stronger, more consultative approach to our brokers and our customers, which is priceless.”

“We’re excited to be working with Evolution Risk Partners and support its efforts to enhance risk assessment and underwriting in the alternative risk space,” comments Stan Smith, founder and CEO of Gradient AI. “By leveraging Gradient AI’s advanced capabilities, Evolution Risk Partners now has the tools necessary to enhance its risk assessment and underwriting process. This allows the company to make more informed, data-driven decisions and support its continued growth and success.”