ZestyAI, a leading provider of climate and property risk analytics solutions, has announced a partnership with Florida Peninsula Insurance Company to improve risk outcomes for insurers and property owners across the state.
This collaboration aims to utilise ZestyAI’s advanced property analytics solutions to deepen Florida Peninsula’s understanding of property-level risk within its homeowners book in Florida.
By leveraging ZestyAI’s Z-PROPERTY™ Location Insights™ solution, Florida Peninsula aims to enhance underwriting accuracy and ultimately deliver a superior customer experience to its policyholders.
Gard Olbers, Chief Risk Officer at Florida Peninsula Insurance Company, stated, “Taking a data-driven, highly analytical approach has always been a cornerstone to the way we do business at Florida Peninsula. With ZestyAI, we found a like-minded, agile and highly innovative partner that provides us with more data insights than ever before. This partnership will provide a positive customer experience for all the Floridians we serve.”
Attila Toth, Founder and CEO of ZestyAI, added, “We have been impressed by the steady growth of Florida Peninsula Insurance in the complex Florida insurance market over the past five years. Our commitment is to deliver at least ten times return on investment from this partnership through enhanced underwriting, operational efficiency, and customer and agent satisfaction.”
In addition to providing insights into property-level risk, Florida Peninsula will leverage ZestyAI’s Location Insights solution for a comprehensive assessment of roof quality.
This solution delivers highly accurate property data on parcels and structures across the US, enabling accurate underwriting decisions without the need for physical inspections.
The move signifies a strategic alignment of innovative technologies and industry expertise to address the evolving challenges in property risk assessment and insurance underwriting.
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