Insurance technology news from Gradient AI, INSTANDA, Origami Risk and more. Photo: Sergey Nivens/Shutterstock

Gradient AI partnered with MEMIC, an A.M. Best “A” rated workers’ compensation insurer, to enhance its claims management outcomes. MEMIC will leverage the advanced capabilities of Gradient AI’s Claims Benchmarking and Total Incurred Prediction solutions. These innovative tools empower MEMIC to identify trends and outliers, improve the decision-making process and refine its reserve management processes so that sufficient funds are set aside to address anticipated claim costs.

INSTANDA partnered with InsCipher, a Utah-based insurtech corporation specializing in automation of surplus tax calculation and tax filing for surplus lines. Through its no code software, INSTANDA enabled carriers, MGAs and others serving the insurance industry to build and implement complex products quickly and efficiently.


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