Gradient AI Partners with Michigan Planners to Boost Risk Assessment and Health Solutions

Gradient AI, a provider of enterprise artificial intelligence solutions, has announced its partnership with Michigan Planners, a leading insurance agency specialising in employer group benefits.

Through this collaboration, Michigan Planners will use Gradient AI’s SAIL underwriting platform to enhance risk assessment and create customized health plans for employer groups, leading to significant cost savings.

Michigan Planners, known for offering risk financing and group health solutions, faced challenges in efficiently assessing risks for small- to mid-sized companies, particularly those with 25 to 500 employees. Limited data and bandwidth made it difficult to conduct accurate risk assessments. By implementing Gradient AI’s SAIL platform, the company can now generate more comprehensive insights without the need for additional staff.

The SAIL platform enables Michigan Planners to tailor health plans to the unique needs of each client, offering deeper analysis into pooled risk groups and improving risk projections for companies with high turnover or recent mergers. For smaller employer groups, the platform also provides valuable tools for tracking claims and overall plan performance.

In one instance, SAIL revealed that a growing client, following an acquisition, would benefit from avoiding self-funding, ultimately saving the company tens of thousands of dollars. The AI-powered insights have also helped clients make better decisions on high deductible plans and other funding options, allowing for more strategic and informed discussions between Michigan Planners and its clients.

With Gradient AI’s solution, Michigan Planners is better equipped to offer customized, data-driven health plans that align with the specific needs of its diverse client base.

Aaron MacDonald, chief strategy officer at Michigan Planners said: “We use SAIL to give our clients better insight and a better prognosis into claims. Prior to using SAIL, we could only look through the rear-view mirror at past claims data. Now we can look through the windshield to better predict what costs our clients can expect to incur. With the speed, quick turnaround, and insights we’ve gained, SAIL has more than paid for itself.”

Stan Smith, CEO and founder of Gradient AI, also commented, saying: “Michigan Planners is an excellent example of how the SAIL solution can help insurance agencies better serve their clients. By providing a deeper understanding of risk and offering more actionable insights, Michigan Planners is customizing health plans to their clients’ unique needs, improving outcomes and driving cost savings.”

He added: “We are proud to partner with them in changing how employee benefits are delivered.”

This article first appeared on Insurtech Insights.