Wearable technology and drone insurtech partnerships: Roundup

Country Financial has selected Loveland Innovations' IMGING to centralize collection and analysis of property claim data. In the new partnership, Loveland Innovations will provide COUNTRY Financial's property claims department with IMGING's AI-powered inspection platform and on-demand virtual inspection services. John Butkus, Director, Property Claims at COUNTRY Financial says, "From minimizing adjuster time on roofs with the use of our drones, to utilizing their IMGING On-Demand inspection service with our field staff and desk adjusting team, to centralizing claim data in one platform, Loveland Innovations has built an ecosystem that checks all of the boxes for property claims. We are now doing in IMGING what used to require multiple vendors.”

Lemonade has chosen Bestow as its platform for life insurance. The new partnership, powered by Bestow’s Protect API, allows Lemonade customers to apply for a new product, life insurance, within its website and apps. Greeted by Lemonade’s AI chatbot Maya, customers are guides them through a conversational application. Through the Protect API, customers are underwritten in real-time and are notified finstantly on approval. Bestow uses third-party data to determine eligibility and pricing in seconds, eliminating the need for a medical exam.

Kingstone Insurance, Northeast regional property and casualty insurance holding company, announced partnership with Flyreel to help customers manage risk and prevent loss through AI-assisted inspection. Flyreel’s assistant guides homeowners through a customized self-inspection of their property, using their smartphone camera and advanced computer vision technology to document property features. While making things faster for customers, the advanced technology also accelerates service for Kingstone’s underwriters by providing high-quality, real-time data directly from the policyholder. The unprecedented access to the interior of the home has also raised awareness of potential risks and hazards previously unexposed to Kingstone. Robert Jacobson, Kingstone’s Vice President of Operations shared, “Overall, we are seeing a quicker, smoother, and more comprehensive inspection solution for both the customers and underwriters. Kingstone is gaining actionable data in a new way that streamlines the process while also improving the outcomes.”