PEO selects insurtech to streamline its health insurance underwriting
By Ryan Smith
Nov 01, 2023 Share
Insurance software provider Gradient AI has announced that Questco, a professional employer organization (PEO) that specializes in outsourced HR services, has selected Gradient AI’s SAIL product to streamline its underwriting process and expedite quote turnaround time.
Questco focuses on small and mid-sized businesses. It offers a range of services, including payroll, health insurance, HR services, workers’ compensation and more, Gradient AI said.
In an effort to enhance its health insurance underwriting process, Questco selected SAIL – Gradient AI’s group medical underwriting product – due to its AI analytics capabilities and rich source of medical, lab and prescription data.
“Innovation has been a key ingredient in fueling our growth,” said Laura Platero, vice president of growth acceleration at Questco. “As an early adopter of SAIL, we leveraged its high-quality medical industry data lake and advanced AI predictive analytics to evaluate group health risk at a deeper level. This has allowed us to quickly turn around highly accurate quotes with the confidence that we have a comprehensive understanding of the group’s risk. We were seeking a solution that could deliver competitive, accurate, and predictably stable pricing, and we certainly found it with Gradient AI.”
Read more: Transportation insurance company partners with Gradient AI
“AI is transforming the way PEO’s underwrite health policies, and Questco is at the forefront, driving innovation and value for its employer customers,” said Stan Smith, founder and CEO of Gradient AI. “By leveraging Gradient AI-powered products, Questco can offer competitive solutions on an entirely new level. We look forward to supporting them as they redefine the landscape of employee benefits for PEOs.”
In August, Gradient AI announced an expanded relationship with workers’ compensation insurer MEMIC. In July, it announced a collaboration with ATS Underwriting.
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