Ralph Peo

ALKEME Acquires PEO Exchange

Retrieved on: 
Thursday, February 9, 2023

SAN CLEMENTE, Calif., Feb. 09, 2023 (GLOBE NEWSWIRE) -- ALKEME, a Top 50 Insurance Brokerage, announced the acquisition of the PEO Exchange, a Tampa, Florida-based PEO exchange that specializes in securing tough-to-place workers' compensation claims throughout the United States.

Key Points: 
  • SAN CLEMENTE, Calif., Feb. 09, 2023 (GLOBE NEWSWIRE) -- ALKEME, a Top 50 Insurance Brokerage, announced the acquisition of the PEO Exchange, a Tampa, Florida-based PEO exchange that specializes in securing tough-to-place workers' compensation claims throughout the United States.
  • PEO Exchange works with over 200 PEOs, EORs and ASOs through an automated portal serving a wide range of industries, including: roofing, staffing, transportation, solar, dispensaries and many others.
  • "PEO Exchange brings another industry-leading brand to the ALKEME family and helps us expand our presence in Florida," said Curtis Barton, CEO of ALKEME.
  • "We wanted to find a partner that could help our company scale while retaining our existing corporate structure and autonomy," said Mike Erstling, President of the PEO Exchange.

MEMIC Selects Gradient AI to Boost Speed and Accuracy of Underwriting for Workers’ Comp Insurance

Retrieved on: 
Tuesday, November 15, 2022

Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry today announced that MEMIC has adopted its underwriting solution to better identify risks and improve the underwriting accuracy of workers compensation policies.

Key Points: 
  • Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry today announced that MEMIC has adopted its underwriting solution to better identify risks and improve the underwriting accuracy of workers compensation policies.
  • Using Gradient AI, MEMIC can leverage the knowledge of its own people, the power of AI and access to a vast data set containing millions of anonymized underwriting and claim records.
  • Insurers like MEMIC are transforming underwriting with AI to capture institutional knowledge, operate more efficiently and price more accurately, said Stan Smith, founder & CEO, Gradient AI.
  • Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry.

Columbia Insurance Group Selects Gradient AI to Increase Efficiency and Accuracy of Claims Operations for Workers’ Compensation and Commercial Automotive Insurance

Retrieved on: 
Tuesday, November 1, 2022

Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced that Columbia Insurance Group has selected its solutions to innovate its claims operations for both workers compensation and commercial auto claims.

Key Points: 
  • Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced that Columbia Insurance Group has selected its solutions to innovate its claims operations for both workers compensation and commercial auto claims.
  • Gradient AIs claims management solution identifies high severity claims earlier, enabling Columbias adjusters and supervisors to act before these claims develop into high-cost drivers.
  • Gradient AI's claims solution enables teams to triage claims by predicting the risk level of new and existing claims automatically.
  • By incorporating AI into its claims process, Columbia Insurance Group is revolutionizing the way its claims administration and settlement operations are handled in the workers compensation and commercial auto insurance areas, said Stan Smith, founder and CEO of Gradient AI.

MEDIA ALERT: NU PropertyCasualty360 to Host Webinar “How AI is Transforming the Insurance Industry and Bridging the Talent Gap”

Retrieved on: 
Monday, October 3, 2022

NU Property Casualty360 is hosting a webinar How AI is Transforming the Insurance Industry and Bridging the Talent Gap.

Key Points: 
  • NU Property Casualty360 is hosting a webinar How AI is Transforming the Insurance Industry and Bridging the Talent Gap.
  • Sponsored by Gradient AI , a leading provider of proven artificial intelligence (AI) solutions for the insurance industry, this webinar will provide an insiders view from top industry practitioners who are already putting AI to work within their own underwriting and claims operations to improve key operational metrics, mitigate the talent gap, and gain a competitive advantage.
  • Greg Jamison, Senior Vice President of Underwriting, MEMIC
    Key industry labor trends and metrics, and the challenges insurers are facing to recruit and retain the talented employees they need to grow
    How insurers are leveraging AI to bridge the talent gap, capturing institutional knowledge and transferring it to less experienced employees,reducing training time
    Tweet this: How AI is Transforming the Insurance Industry & Bridging Talent Gap Webinar: October 6, 2022, 2:00 pm ET https://www.gradientai.com/pc360-webinar #AI #insurance #insurtech
    Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry.
  • Customers include some of the most recognized insurance carriers, MGAs, TPAs, risk pools, PEOs, and large self-insureds across all major lines of insurance.

Embedded Insurance Platform Mulberri Raises $4M Seed

Retrieved on: 
Thursday, July 28, 2022

Mulberri , the business insurance platform for modern PEOs and brokers, announced it has raised a $4 million Series Seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

Key Points: 
  • Mulberri , the business insurance platform for modern PEOs and brokers, announced it has raised a $4 million Series Seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).
  • A shared platform that makes business insurance easier to access and manage, Mulberri will use the funding to continue to expand its infrastructure and data modeling to help make business insurance more simple, efficient, and transparent.
  • With manual workflows, archaic processes, and low-tech solutions, business insurance processes have lagged behind other insurance sectors, which have embraced automation and data-first approaches.
  • Mulberri is a pioneering embedded insurtech that is revamping the way insurance is delivered.

MEDIA ALERT: Business Insurance to Host Webinar “How Artificial Intelligence is Transforming the Insurance Industry”

Retrieved on: 
Thursday, April 21, 2022

WHAT: Business Insurance is hosting a webinar How Artificial Intelligence is Transforming the Insurance Industry.

Key Points: 
  • WHAT: Business Insurance is hosting a webinar How Artificial Intelligence is Transforming the Insurance Industry.
  • Sponsored by Gradient AI , a leading provider of proven artificial intelligence (AI) solutions for the insurance industry, this webinar will cover real-world use cases, and explore AIs powerful benefits enabling attendees to gain an actionable understanding of AIs potential and its value to their business.
  • WHY ATTEND: As digital transformation has disrupted many industries, AI is poised to do the same for insurance enterprises.
  • Attendees will learn:
    Tweet this: How Artificial Intelligence is Transforming the Insurance Industry Webinar: April 26, 2022, 1:00 pm EDT https://register.gotowebinar.com/register/5324033635572250381?source=Gra... #AI #insurance #insurtech
    Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry.

SUNZ Insurance Expands into 12 New States

Retrieved on: 
Friday, April 8, 2022

BRADENTON, Fla., April 8, 2022 /PRNewswire/ --SUNZ Insurance President Rick Leonard announced this week at NAPEO's Risk Management Workshop, the largest gathering of PEO risk management professionals, that SUNZ Insurance Company has confirmed expansion into 12 new states.

Key Points: 
  • BRADENTON, Fla., April 8, 2022 /PRNewswire/ --SUNZ Insurance President Rick Leonard announced this week at NAPEO's Risk Management Workshop, the largest gathering of PEO risk management professionals, that SUNZ Insurance Company has confirmed expansion into 12 new states.
  • SUNZ Insurance expanded its licensing footprint into Alaska, California, Connecticut, the District of Columbia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Pennsylvania, and Rhode Island.
  • With the addition of these new states, SUNZ is now licensed to offer workers' compensation policies on a direct basis in 41 states.
  • Although SUNZ already offers customized workers' compensation insurance coverage nationwide through its fronting partnership, this latest expansion marks the next step in the organization's strategic growth.

Gradient AI Appoints Anthony Tuffile as CRO to Lead Company’s Revenue Growth Strategy and Execution

Retrieved on: 
Thursday, February 17, 2022

Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced Anthony Tuffile has been named chief revenue officer (CRO).

Key Points: 
  • Gradient AI , a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced Anthony Tuffile has been named chief revenue officer (CRO).
  • In this role, he will oversee the companys sales team, drive revenue generation activities, and accelerate the next phase of growth by expanding Gradient AI into new insurance markets.
  • He joins Gradient AI from Acxiom, where he spent over 12 years in a variety of sales leadership positions, resulting in consistent year over year growth.
  • We are excited to have Anthony's leadership to help us empower more organizations to realize the benefits of Gradient AI solutions."

NYDIG Unveils Bitcoin Savings Plan for Employee Benefit Programs

Retrieved on: 
Tuesday, February 1, 2022

NEW YORK, Feb. 1, 2022 /PRNewswire/ --NYDIG, a leading bitcoin company, announced today the launch of a Bitcoin Savings Plan to let employees of leading companies get #PaidInBitcoin.

Key Points: 
  • NEW YORK, Feb. 1, 2022 /PRNewswire/ --NYDIG, a leading bitcoin company, announced today the launch of a Bitcoin Savings Plan to let employees of leading companies get #PaidInBitcoin.
  • A Bitcoin Savings Plan is an exciting employee benefit program that allows an employee to convert a portion of their paycheck to bitcoin.
  • Among the first to offer the benefit are companies owned by former NFL superstar Drew Brees, who will also be using a Bitcoin Savings Plan to convert a portion of his compensation to bitcoin.
  • "A NYDIG Bitcoin Savings Plan is an easy-to-adopt benefit that can help employers stand out from the pack while providing their employees with a critical tool for protecting their financial futures.

Latest PEO Pulse Survey Shows PEO Industry Thriving After Pandemic

Retrieved on: 
Thursday, December 2, 2021

ALEXANDRIA, Va., Dec. 2, 2021 /PRNewswire/ --A new survey by the National Association of Professional Employer Organizations (NAPEO) shows the PEO industry thriving after the COVID-19 pandemic.

Key Points: 
  • ALEXANDRIA, Va., Dec. 2, 2021 /PRNewswire/ --A new survey by the National Association of Professional Employer Organizations (NAPEO) shows the PEO industry thriving after the COVID-19 pandemic.
  • "These results show that the PEO industry survived the pandemic and is thriving today," said NAPEO President & CEO Pat Cleary.
  • Small businesses across the country recognize the true value of partnering with a PEO and more and more are deciding to partner with a PEO."
  • A total of 41 PEO executives responded to the PEO Pulse survey.