Gradient AI Study : AI reduces legal involvement in workers' compensation lost-time claims by 15%, saving insurers millions

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<title>Gradient AI Study</title>
<subTitle>: AI reduces legal involvement in workers' compensation lost-time claims by 15%, saving insurers millions</subTitle>
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<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced the results of a comprehensive research study showing that AI-enabled workers' compensation claims management reduced legal involvement for lost time claims by 15%. This reduction translates into a 5% savings in lost-time claim costs, equating to an estimated annual savings of $3.5 million based on the study's insurers managing an average of $70 million in lost-time claims</abstract>
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