New Partnership Allows Home Insurance Company to Offer Customers Data-Driven Risk Analysis on Properties
This press release originally appeared on PRWeb.
Mountainview, CA, September 12th, 2018 – Hippo, the California-based insurtech company that is transforming home insurance for savvy homeowners, and zesty.ai, a leading Artificial Intelligence (AI) enabled risk analytics platform for Property and Casualty insurance, have announced a multi-year partnership. Hippo is now able to leverage computer vision technology and property attributes zesty.ai offers into its data-driven underwriting processes, further enhancing its customer’s onboarding and claims experience.
“At the heart of everything we do, from partnerships to new products is the customer experience,” said Assaf Wand, Co-Founder and CEO, Hippo. “The integration of zesty.ai’s AI technology and data will bring our customers real-time insights on their properties, which expedites the application process upfront and helps us identify potential issues on their properties in the future – like brush encroaching on their property fireline, or necessary roof repairs. We’re reshaping home insurance into a proactive product by alerting our clients to property issues before they become accidents and we’re proud to have partnered with zesty.ai who feels the same way.”
Zesty.ai leverages the latest advancements in Artificial Intelligence and deep learning on billions of data points on residential and commercial properties and their inhabitants to better assess the risk of catastrophic events, such as hurricanes, wildfires and floods and non-catastrophic events at the individual property level.
“We are excited to join forces with Hippo to help pioneer the digital transformation of the trillion dollar property insurance industry”, stated Attila Toth, Co-Founder & CEO of zesty.ai. “Through this partnership, millions of homeowners across America will enjoy more transparency and rapid savings when shopping for insurance and maintaining their homes.”
Zesty.ai leverages Artificial Intelligence to change the way the trillion-dollar global property insurance industry has been assessing risk for decades. We use the latest advancements in computer vision and deep learning on 115+Bn data points on residential and commercial properties to extract key building features (e.g., roof geometry, material, quality; distance to inflammable vegetation and more) to accurately model the potential impact of both non-catastrophic and catastrophic loss events, such as hurricanes, floods, wildfires and earthquakes.
Leading insurance carriers and reinsurers have partnered with zesty.ai to underwrite risk more accurately, provide their customers a smoother purchasing experience and manage inspections more cost-effectively. For more info please visit https://zesty.ai and watch our 100-second video.
Hippo is on a mission to transform home insurance for the modern household. Among its many innovations, Hippo allows homeowners to get a quote and purchase home insurance online in 60 seconds or less, save up to 25 percent compared with traditional insurers, and obtain smarter coverage for modern households. This includes protection for possessions like appliances, consumer electronics and home offices. Founded in 2015 by Assaf Wand and Eyal Navon, Hippo made its debut in the insurance marketplace in April 2017, and has raised $39 million to reinvent home insurance through its initial funding rounds. The company is headquartered in Mountain View, California. For more information, visit http://www.myhippo.com.