Through a new tool based on the vendor’s Underwriting Solution, Engage PEO has been able to increase its risk appetite and expand into to new markets.
Business has been booming for Engage PEO (Hollywood, Fla.), but to ensure that profitability marched along with growth, the professional employer organization adopted Gradient AI’s Underwriting Solution to enhance the accuracy and efficiency of its underwriting processes.
The company built a tool based on the Gradient AI solution that lets its underwriters leverage real-time loss data to evaluate the projected loss of a prospective client.
The AI outcome becomes the basis for the premium charged to clients for their WC insurance.
With the new tool, Gradient AI-based tool, Engage PEO has achieved enhanced risk assessment capabilities, letting it increase its risk appetite and expand into to new markets in order to service a broader range of clients.
To learn more about how Engage PEO is leveraging the power of AI to revolutionize our underwriting processes, driving unprecedented growth and efficiency, read the article from Insurance Innovation Reporter.