INSTANDA, a global provider of no-code insurance platform technology, announced an integration with UnderwriteMe, a SaaS underwriting platform provider for the life insurance industry.

The collaboration will allow clients to implement INSTANDA’s distribution and policy administration platform while benefiting from underwriting automation through UnderwriteMe across international markets.

The combination of INSTANDA’s no-code core platform and UnderwriteMe’s advanced underwriting technology provides the life insurance market with an integrated offering that streamlines distribution channels and enhances operational efficiencies. This new integration will be available in four markets — North America, the U.K. and Ireland, ANZ and Asia — helping to solve problems unique to each region.

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ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, announced an agreement with South Carolina Farm Bureau Mutual Insurance Company.

This agreement will leverage ZestyAI’s advanced property analytics solutions to optimize the inspection process for SCFBMIC and accurately assess property risk. SCFBMIC will be utilizing ZestyAI’s property risk analytics, including Digital Roof and Location Insights products, which use computer vision and machine learning to extract insights from aerial and satellite imagery, tax assessments, building permits, and infrastructure data, among other unique data sources, for more than 150 million residential and commercial properties.

SCFBMIC will leverage ZestyAI’s Digital Roof to comprehensively assess roof risk condition and value. AI-generated three-dimensional analysis goes beyond roof quality to assess facets, angles, penetrations, and objects for insights into roof condition, complexity, and potential points of failure.

ZestyAI’s Location Insights delivers property information on the parcel and structure for all properties in the U.S. – all of which are obtained instantly without stepping on-site. Location Insights identifies high-risk property features, such as swimming pools, trampolines, lot debris, and overhanging vegetation, for accurate underwriting, precise rating, and transparency with customers.

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Kingstone Insurance Company, a subsidiary of Kingstone Companies Inc., a Northeast regional property and casualty insurance holding company, announced that it has partnered with Zojacks, a technology company specializing in water leak detection solutions.

The partnership aims to offer enhanced protection to Kingstone policyholders, providing a solution to assist them in protecting their homes and mitigating risks associated with water-related claims.

Zojacks offers technology that can monitor temperature and provide water leak detection, which will shut off the main water supply in the house. Through this partnership, Kingstone policyholders can benefit from cost-saving product packages offered by Zojacks and can also qualify for insurance policy discounts when the Zojacks technology is installed in their homes.

As per the partnership agreement, Zojacks will oversee the execution process while Kingstone will provide benefits to its policyholders. Homeowners will receive guidance on how to use the solution through a dedicated mobile app, which will facilitate monitoring and management of potential water leaks.

Sources: INSTANDA, ZestyAI, Kingstone Insurance Company