Boston-based software company Gradient AI on Tuesday announced the launch of WriteSpeed, a program that enables workers compensation insurers to use artificial intelligence in underwriting.
WriteSpeed will use Gradient AI’s industry data to deliver a “pre-trained” AI model that workers comp underwriters can put to work immediately using a web portal, assessing the risk of policy submissions without requiring internal resources or customization.
The company said in a statement that the program intends to price policies more accurately and efficiently, and quote policies insurers might have declined.