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MGA, AI company partner on underwriting

Posted On: Dec. 2, 2020 1:41 PM CST


Managing general agent Method LLC has partnered with Gradient AI to create an artificial intelligence and machine learning component into its workers compensation underwriting process, the MGA announced Tuesday.

Method, which was acquired in 2019 by Nashville, Tennessee-based Salus Workers Compensation LLC, said the new underwriting model will allow it to increase speed in quoting and price risk more accurately for high-hazard and mid-market risks.