ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, unveiled its newest solution to address interior water risk.

Z-WATER is an AI-powered model that predicts the frequency and severity of non-weather water and freeze claims for every property in the country. It incorporates the property-specific construction and architectural details that impact the total loss cost of non-weather water and freeze, along with the local infrastructure and water distribution network.
ZestyAI’s AI-powered model works to tailor premiums to risk and align coverage and work with homeowners at high-risk properties with solutions to mitigate risk, such as water sensors. It also works to process low-risk properties and prioritize on-site inspections for those that warrant a closer look.

This solution is the latest addition to a suite of ZestyAI products designed to evaluate property risk. These products focus on the highest catastrophe and non-catastrophe risks for properties in the U.S. ZestyAI also delivers peril-specific models assessing the property-level risk for wildfire, hail, wind, and severe convective storms.

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Ascend, a financial operations automation platform for insurance businesses, announced the launch of its Automated Invoicing feature, designed to simplify the invoicing process for insurance agents.

Ascend’s users can now upload any document into Ascend and leverage AI to automatically read and process data such as carrier, premium, coverage type, commission rate, and generate digital invoices and payment links.

The Automated Invoicing feature aims to reduce the time spent on billing and payment tasks as well as reduce human errors by making it easier to directly transform documents, such as binders, into personalized invoices. The feature also eliminates the need to key in policy data manually and allows for the uploading of multiple quote documents into one program or handle a single quote with multiple policies, with Ascend automatically splitting and organizing the data as needed.

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Clearcover announced a strategic partnership with ServiceUp, a technology company aiming to streamline automotive repairs.

The collaboration aims to combine Clearcover’s claims process with ServiceUp’s service and delivery. Through its mobile platform, Clearcover policyholders can now schedule and receive repairs and maintenance services without leaving their homes via ServiceUp’s vehicle repair solution, which provides pick up and delivery at the policyholder’s location.

Clearcover is an insurance company that provides customers with technology solutions. Founded in 2016 by Kyle Nakatsuji and Derek Brigham, Clearcover includes Clearcover Insurance Company and Clearcover Insurance Agency.

Sources: ZestyAI, Ascend, Clearcover