Latest news with #MichaelSaltzman
Yahoo
6 days ago
- Business
- Yahoo
The Standard bolsters disability insurance with Expanded EvolutionIQ partnership
UK-based insurer The Standard has expanded its collaboration with insurtech company EvolutionIQ to incorporate an AI-powered claims guidance platform across its disability insurance offerings. This decision follows a successful initial implementation in 2024. The partnership allows The Standard's claims team to use data insights to reduce administrative tasks and speed up decision-making and payments, supporting claimants in focusing on their recovery. EvolutionIQ co-founder and co-CEO Michael Saltzman said: 'The Standard is a growing workplace benefits provider that has made significant investments to ensure their policyholders and claimants receive the very best outcomes along the way. We are proud to be their partner of choice. 'EvolutionIQ's rich, data-driven guidance allows The Standard's examiners to focus on claims where their expertise is most required and foster an optimal outcome for all disability claimants.' The partnership will facilitate payments and the administration of fixed-duration claims to ensure timely benefit disbursement to claimants. Additionally, the AI platform will offer guidance on each claim and assist in identifying candidates for The Standard's Workplace Possibilities programme. It includes the deployment of tools that aggregate medical data, thereby enabling claims experts to make quicker decisions on claims. The Standard claims vice-president Jeanne Ryan stated: "The Standard is committed to delivering a best-in-class customer experience and we are excited about how this technology amplifies the expertise and empathy of our people as they strive for the best possible outcome for claimants. 'While our claims experts will continue to make all claims decisions, leveraging AI helps us eliminate manual work, focus claims expertise where it is most needed and expedite the claims process.' In April, The Standard completed the acquisition of Allstate's employer voluntary benefits business in a $2bn (£1.48bn) deal. The deal included American Heritage Life Insurance Company, which will eventually operate under The Standard brand. "The Standard bolsters disability insurance with Expanded EvolutionIQ partnership " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
The Standard Expands Partnership with EvolutionIQ to Improve the Disability Claims Experience
Innovative AI-powered claims guidance helps elevate claims professionals' expertise and improve claimant outcomes. PORTLAND, Ore., May 30, 2025--(BUSINESS WIRE)--The Standard, a leading provider of financial protection products and services for employers and individuals, has expanded their strategic partnership with EvolutionIQ to leverage the technology company's AI-powered claims guidance platform across all of The Standard's disability insurance products after a successful initial implementation in 2024. The Standard's claims experts benefit from valuable data insights that empower them to reduce administrative tasks and accelerate decision-making and payments, enabling claimants to focus on their unique recovery needs. "The Standard is committed to delivering a best-in-class customer experience and we are excited about how this technology amplifies the expertise and empathy of our people as they strive for the best possible outcome for claimants," said Jeanne Ryan, vice president of Claims at The Standard. "While our claims experts will continue to make all claims decisions, leveraging AI helps us eliminate manual work, focus claims expertise where it's most needed and expedite the claims process." Benefits of this strategic partnership include: Advance payments and streamlined administration of known-duration claims, ensuring claimants receive their benefits quickly and efficiently following claims decisions AI-powered guidance on every claim that helps assign the right resources to the right claims at the earliest possible point so that claimants receive the best support Automation to help identify individuals eligible for our Workplace PossibilitiesSM program, which helps employees productively stay at or return to work. Utilization of tools that synthesize medical information, empowering claims experts to accelerate claim decisions Collaboration between The Standard and EvolutionIQ on future innovations and enhancements that improve claimant outcomes "The Standard is a growing workplace benefits provider that has made significant investments to ensure their policyholders and claimants receive the very best outcomes along the way. We are proud to be their partner of choice," said Michael Saltzman, co-founder and co-CEO of EvolutionIQ. "EvolutionIQ's rich, data-driven guidance allows The Standard's examiners to focus on claims where their expertise is most required and foster an optimal outcome for all disability claimants." About The Standard Established in 1906, The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. We are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management and paid family leave services, retirement plans products and services and annuities for employers and individuals. For more information about The Standard, visit and follow us on LinkedIn and Instagram. About EvolutionIQ EvolutionIQ, a CCC Intelligent Solutions company, pioneered Claims Guidance technology in 2019. Its AI-powered solutions guide insurance claims professionals to their highest potential impact on bodily injury claims, including specific next-best-action guidance and medical synthesis and insights. EvolutionIQ improves the claimant experience and delivers better claim outcomes to claimants, carriers and their customers. The company serves group disability, individual disability and workers' compensation markets worldwide. For more information, visit and follow the company on LinkedIn. View source version on Contacts Media Contacts: Melissa WilmotThe Standard971.403.6984Send a message Daniela SartiEvolutionIQ917.740.5608press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30-05-2025
- Business
- Business Wire
The Standard Expands Partnership with EvolutionIQ to Improve the Disability Claims Experience
PORTLAND, Ore.--(BUSINESS WIRE)-- The Standard, a leading provider of financial protection products and services for employers and individuals, has expanded their strategic partnership with EvolutionIQ to leverage the technology company's AI-powered claims guidance platform across all of The Standard's disability insurance products after a successful initial implementation in 2024. The Standard's claims experts benefit from valuable data insights that empower them to reduce administrative tasks and accelerate decision-making and payments, enabling claimants to focus on their unique recovery needs. "The Standard is committed to delivering a best-in-class customer experience and we are excited about how this technology amplifies the expertise and empathy of our people as they strive for the best possible outcome for claimants,' said Jeanne Ryan. "The Standard is committed to delivering a best-in-class customer experience and we are excited about how this technology amplifies the expertise and empathy of our people as they strive for the best possible outcome for claimants,' said Jeanne Ryan, vice president of Claims at The Standard. 'While our claims experts will continue to make all claims decisions, leveraging AI helps us eliminate manual work, focus claims expertise where it's most needed and expedite the claims process.' Benefits of this strategic partnership include: Advance payments and streamlined administration of known-duration claims, ensuring claimants receive their benefits quickly and efficiently following claims decisions AI-powered guidance on every claim that helps assign the right resources to the right claims at the earliest possible point so that claimants receive the best support Automation to help identify individuals eligible for our Workplace Possibilities SM program, which helps employees productively stay at or return to work. Utilization of tools that synthesize medical information, empowering claims experts to accelerate claim decisions Collaboration between The Standard and EvolutionIQ on future innovations and enhancements that improve claimant outcomes 'The Standard is a growing workplace benefits provider that has made significant investments to ensure their policyholders and claimants receive the very best outcomes along the way. We are proud to be their partner of choice,' said Michael Saltzman, co-founder and co-CEO of EvolutionIQ. 'EvolutionIQ's rich, data-driven guidance allows The Standard's examiners to focus on claims where their expertise is most required and foster an optimal outcome for all disability claimants.' About The Standard Established in 1906, The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. We are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management and paid family leave services, retirement plans products and services and annuities for employers and individuals. For more information about The Standard, visit and follow us on LinkedIn and Instagram. About EvolutionIQ EvolutionIQ, a CCC Intelligent Solutions company, pioneered Claims Guidance technology in 2019. Its AI-powered solutions guide insurance claims professionals to their highest potential impact on bodily injury claims, including specific next-best-action guidance and medical synthesis and insights. EvolutionIQ improves the claimant experience and delivers better claim outcomes to claimants, carriers and their customers. The company serves group disability, individual disability and workers' compensation markets worldwide. For more information, visit and follow the company on LinkedIn.
