Kingstone Insurance Partners with Flyreel to Offer Breakthrough Contactless Home Inspections
Kingstone Companies (Nasdaq: KINS) announced a partnership with Flyreel, Inc., leveraging AI technology for property inspections. This collaboration allows homeowners to conduct self-inspections using their smartphones, significantly improving customer satisfaction—with over 94% expressing positive feedback. The use of AI has streamlined the inspection process for underwriters, enhancing data quality and revealing potential hazards. This innovative approach aims to elevate customer experience while optimizing underwriting efficiency, marking a progressive step in the insurance industry.
- 94% customer satisfaction rate with the AI-assisted inspection process.
- Streamlined underwriting process, reducing processing time.
- Enhanced risk awareness through improved data acquisition and analysis.
- None.
Kingstone Companies, Inc. (Nasdaq: KINS), a Northeast regional property and casualty insurance holding company, parent company of Kingstone Insurance, today announced a strategic partnership with Flyreel, Inc., the most advanced Artificial Intelligence (AI) platform for property insurance, to help customers manage risk and prevent loss through AI-assisted inspections. Flyreel’s revolutionary AI assistant guides homeowners through a customized self-inspection of their property, using their smartphone camera and advanced computer vision technology to document property features, as well as risks and hazards.
Kingstone’s customers have embraced the Flyreel experience, allowing them to conduct their home inspections at their convenience and on their terms, with no need for an in-person visit from an inspection service. More than
The adoption of this technology has decreased processing time 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.
“Flyreel’s AI powered-app offers Kingstone a long-term solution for customer-first inspections,” said Robert Jacobson, Kingstone’s Vice President of Operations. “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.”
“We’re honored to support Kingstone Insurance in their mission to provide a best-in-class experience to their customers, all while improving underwriting outcomes and efficiency,” said Cole Winans, CEO of Flyreel. “We’re excited to be partnering with Kingstone as they remain steadfast in their commitment to protecting their homeowners with the best of today’s technology.”
Visit https://www.kingstoneinsurance.com to learn more about Kingstone Insurance.
About Flyreel
Flyreel provides Total Property Understanding™ for underwriting, loss control and claims. Flyreel’s advanced AI assistant guides users through fully configurable workflows. As users scan their property with their smartphone camera, Flyreel’s proprietary computer vision technology automatically documents critical property data like hazards, risks, features, materials and more. Flyreel’s AI Assistant can “react and respond” to data collected by the policyholder, adapting and customizing conversational workflows based on the unique attributes that it “sees” in near real-time. To learn more about Flyreel, visit https://www.flyreel.co/.
About Kingstone Companies, Inc.
Kingstone is a Northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (“KICO”). KICO is a multi-line carrier writing business through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products, as well as Physical Damage Only coverage to taxi, limousine, and transportation network vehicle owners in New York State. Actively writing in New York, New Jersey, Rhode Island, Massachusetts, and Connecticut, Kingstone is also licensed in Pennsylvania, New Hampshire and Maine.
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