Prudential Financial, Inc. has made a new strategic partnership with EvolutionIQ, a technology company with an artificial intelligence-driven platform that will enhance Prudential’s disability claims ecosystem.
With AI playing an increasingly crucial role in businesses today, the integration of this platform into Prudential’s claims process augments the important work of the company’s disability claims examiners. EvolutionIQ uses proprietary, next-generation machine learning to provide specialized insights that will help Prudential streamline the disability claims process.
EvolutionIQ’s rich, data-driven guidance will allow Prudential’s examiners to manage each short- and long-term disability claim to its optimal outcome by enabling examiners to focus on claims where their expertise is most required. This will help examiners expedite the claims process, eliminate manual work, and spend more time helping disability claimants put their lives back on the recovery track faster.
“Our partnership with EvolutionIQ drives greater and more meaningful customer impact by blending human touch with advanced technology,” said Carolynn Smith, head of Group Insurance Operations for Prudential. “Both companies are united by our sense of shared purpose, which makes this partnership even more exciting because it allows us to capitalize on the potential to deliver additional value across our entire business system.”
This partnership follows Prudential’s initial deployment and extensive evaluation of EvolutionIQ’s platform and implementation services. It includes a multiyear license agreement for all of EvolutionIQ’s Group disability products.
“We’re excited to be a central part of Prudential’s claims excellence strategy,” said Michael Saltzman, co-founder and co-CEO of EvolutionIQ. “Joining forces with Prudential is a win-win for both companies and we’re thrilled to be partnering with a market leader in improving the claims experience to help more people who experience an injury or illness get back to living the productive life they want to live.”
