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Cloud-based Platform to Integrate Provider Solutions for Seamless Service Deliver

NASHVILLE, TN, September 30, 2021 – Method Insurance Services (Method), a managing general underwriter specializing in workers’ compensation insurance, will enhance the effectiveness of its technology-based tools and resources with the addition of Origami Risk’s Policy Administration Solution Suite.

Along with streamlining Method’s policy administration workflows, Origami will integrate with artificial intelligence and machine learning capabilities of Gradient AI into its popular, cloud-based platform.

Among the first steps in its drive to accelerate its rate to quote and enhance the accuracy of its risk pricing model, Method has been utilizing Gradient’s Artificial Intelligence Predictive Underwriting Model since early 2020. The model enables Method to predict the number of claims each policy is likely to have and the probable losses associated with them. Gradient’s AI trains on tens of millions of data points to perfect their proprietary pricing models. Leveraging Gradient’s federated data sets with an eye towards entering into new markets, Method has seen a 12X increase in quoted business since adoption.

Origami’s platform will enable Method’s underwriting and loss data to be automatically fed real-time to Gradient AI, enhancing its ability to respond to submissions and lower loss ratios. The platform will also bring new functionality that will improve customer interfaces. Ease of integration was a key factor in the decision to utilize the Origami/Gradient solution.

“We’re excited about Origami’s ability to integrate quickly and seamlessly with Gradient AI along with new tools it will bring to enhance agent and customer experiences,” said Charles Smith, Director of Operations, Method. “This solution set is a perfect match for our business model, which leverages technology to drive speed, accuracy, efficiency and rapid growth.”

“We’re amazed at how well our capabilities complement those of Origami,” said Stan Smith, founder and CEO, Gradient AI. “The combination of our resources should help Method achieve its vision of quickly building market share, accelerating its geographic expansion, retaining accounts and winning new business, all while underwriting profitably.”

“Our ability to deliver and implement a state-of-the-art insurance technology solution for Method demonstrates not only the versatility of our platform, but also the experience and commitment of our service team and their ability to collaborate effectively with our clients,” said Christopher Bennett, president, Core Solutions division, Origami Risk. “We have built a strong reputation for helping our clients drive efficiencies and improve performance through steady innovation and by tailoring our tools and functionality to their individual needs.”

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About Method Insurance Services

Method is the managing general underwriter (“MGU”) of the Salus (sey-luhs) family of workplace injury products and services. Method has extensive experience in all aspects of program management and a broad appetite for high-hazard, high-mod, mid-market risks. To learn more, visit: https://www.methodinsurance.com.

About Salus Workers’ Compensation

Salus (sey-luhs) is a managing general agency (“MGA”), third-party administrator (“TPA”) ”), and reinsurer ("RE") headquartered in Nashville, Tennessee, with offices in Austin, Dallas, Las Vegas, and Omaha. Founded by pioneers in the occupational medicine industry, Salus’ mission is to mitigate workplace injuries and deliver exceptional healthcare outcomes for injured workers, thereby expediting a return to work, preserving families’ economic livelihoods, and enhancing employers’ productivity. To learn more, visit: https://www.salusworkerscomp.com.

About Gradient AI

Gradient’s artificial intelligence solutions help insurers automate and improve underwriting results, reduce claim costs, and improve operational efficiencies. The Gradient software-as-a-service (SaaS) platform boasts a proprietary dataset comprised of tens of millions of claims, which is complemented with dozens of economic, health, geographic and demographic datasets. This robust aggregation of data can provide demonstrable value for both underwriting and claims clients, across all major lines of insurance, and are utilized by many of the most recognized insurance carriers, MGAs, TPAs, pools, PEOs, and more. At Gradient, we focus exclusively on delivering measurable results for our clients. To learn more about Gradient, please visit: https://www.gradientai.com.

About Origami Risk

Origami Risk is a leading provider of integrated SaaS solutions for the risk, safety, and insurance industry — from corporate and public entities to brokers and risk consultants, insurers, MGAs, program administrators, third party claims administrators (TPAs), and risk pools. Highly configurable and completely scalable, Origami Risk delivers a full suite of risk management tools and insurance core system solutions from a secure, multi-tenant cloud-based platform accessible via web browser and mobile app. Visit origamirisk.com or contact Origami at info@origamirisk.com.