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The benefits of captive insurance companies

Ten Things You Didn’t Know About Captive Insurance Agent Examples | captive insurance agent examples

Solution Reduces Costs, Enhances Accident Management, Improves Affiliate Experience

The benefits of captive insurance companies - captive insurance agent examples
The benefits of captive insurance companies – captive insurance agent examples | captive insurance agent examples
Key factors to consider when establishing a captive insurance  - captive insurance agent examples
Key factors to consider when establishing a captive insurance – captive insurance agent examples | captive insurance agent examples
Captive Insurance Agents vs
Captive Insurance Agents vs | captive insurance agent examples
Independent Agents: Your Insurance Career in 5 - Agency Height - captive insurance agent examples
Independent Agents: Your Insurance Career in 5 – Agency Height – captive insurance agent examples | captive insurance agent examples

BOSTON, April 12, 2022–(BUSINESS WIRE)–Gradient AI, a arch action software provider of bogus intelligence (AI) solutions in the allowance industry appear today that True Bound Insurance, a provider of avant-garde healthcare solutions for administration of all sizes, has called its SAIL™ band-aid to advice abate accumulation healthcare allowance costs while advancement a aerial accepted of affliction for affiliate companies.

Driven by the admiration to accept added ascendancy over aggregation allowance plans, bloom allowance captives, like True Captive, accept afresh acquired in acceptance and are experiencing amazing growth. Through a bound allowance model, administration are able to advantage healthcare advantage at ante that are usually aloof for above employers.

To accretion a bigger compassionate of the abstracts bare to accomplish the best decisions for members, True Bound chose Gradient AI’s SAIL band-aid as the key technology enabler of its business model. SAIL, Gradient AI’s medical underwriting solution, evaluates accumulation bloom accident at a added akin by leveraging a all-inclusive medical dataset and apparatus learning.

One of the key affidavit True Bound chose SAIL is due to its different aggregate to accommodate both decree and medical abstracts to acquaint its predictions.

Independent Agent vs Captive Agent  TheTruthAboutInsurance
Independent Agent vs Captive Agent TheTruthAboutInsurance | captive insurance agent examples

According to David Voorhees, founder, and CEO of True Captive, “SAIL offers authentic and abysmal accident assessments accouterment admission to both decree and medical data. This enables us to assignment with our associates to abate their allowance costs. For example, we can analyze instances area an big-ticket biologic or analysis may be sourced at a lower amount or conceivably replaced with footfall analysis as an able another treatment.”

True Bound leverages SAIL to actuate accumulation healthcare accident and assignment bottomward to the specific drivers abaft a group’s risk. This adeptness to anatomize the drivers of accident supports its amount action of allowance administration admission cost-effective bloom insurance. With SAIL’s abstracts and analytics capabilities, the aggregation can analyze specific cases area healthcare can be delivered in added able and cost-effective ways.

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Voorhees added “we accept the angelic beaker of bloom allowance is carrying affection affliction at a lower amount and Gradient AI’s SAIL band-aid is key in allowance us ability this goal. It is the best able-bodied accumulation healthcare analytics and abstracts band-aid on the bazaar acute little to no animal action to admission abysmal abstracts insights.”

SAIL additionally enables True Bound and its abettor arrangement to body afterpiece relationships with their barter by accouterment them the intelligence they charge to go above affairs them allowance to acceptable trusted advisors.

“We are aflame and appreciative to abutment True Captive’s mission to accomplish healthcare added affordable while ensuring advisers can admission a aerial accepted of care,” said Stan Smith, founder, and CEO of Gradient AI.

About Gradient AI:

Gradient AI is a arch provider of accurate bogus intelligence (AI) solutions for the allowance industry. Its solutions advance accident ratios and advantage by admiration underwriting and affirmation risks with greater accuracy, as able-bodied as abbreviation adduce turnaround times and affirmation costs through able automation. Unlike added solutions that use a bound claims and underwriting dataset, Gradient’s software-as-a-service (SaaS) belvedere leverages a all-inclusive dataset comprised of tens of millions of behavior and claims. It additionally incorporates abundant added appearance including economic, health, geographic, and demographic information. Barter accommodate some of the best accustomed allowance carriers, MGAs, TPAs, accident pools, PEOs, and ample self-insureds beyond all above curve of insurance. By application Gradient AI’s solutions, insurers of all types accomplish a bigger acknowledgment on risk. To apprentice added about Gradient, amuse appointment https://www.gradientai.com.

About True Bound Insurance:

True Bound Allowance is a medical stop-loss bound for employer groups. True Bound makes a banking advance in anniversary of its affiliate groups through their True Funded™ bound affairs and takes a white-glove access to bloom plan administration and the affiliate experience. True Bound Insurance’s affairs offers abiding adherence and ascendancy over agent bloom plan costs for employer groups of all sizes. True Bound believes in healthcare that is claimed and allowance that isn’t complicated. For added information, appointment https://www.truecaptive.com.

View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20220412005318/en/

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Elyse [email protected]

Ten Things You Didn’t Know About Captive Insurance Agent Examples | captive insurance agent examples – captive insurance agent examples
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