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ZestyAI and Florida Peninsula Collaborate to Transform Property Risk Evaluation

April 24, 2024
1 Min Read

To enhance risk outcomes for insurers and property owners throughout the state, ZestyAI, a top supplier of climate and property risk analytics solutions, has partnered with Florida Peninsula Insurance Company.

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The purpose of this partnership is to increase Florida Peninsula's comprehension of property-level risk in its homeowners book in Florida by utilizing ZestyAI's cutting-edge property analytics tools.

 

Through the use of ZestyAI's Z-PROPERTYTM Location InsightsTM technology, Florida Peninsula hopes to improve underwriting accuracy and, in the end, provide its policyholders with an improved level of customer service.

 

The Chief Risk Officer of Florida Peninsula Insurance Company, Gard Olbers, said, "At Florida Peninsula, conducting business with a data-driven, highly analytical approach has always been a cornerstone." We have discovered a very inventive, flexible, and like-minded partner in ZestyAI, who gives us access to more data insights than we have ever had. Every Floridian we serve will have a pleasant customer experience because to our cooperation.

 

"We have been impressed by the steady growth of Florida Peninsula Insurance in the complex Florida insurance market over the past five years," said Attila Toth, founder and CEO of ZestyAI. We promise that this relationship will result in a minimum of ten times return on investment through improved underwriting, operational effectiveness, and agent and client satisfaction.

 

ZestyAI's Location Insights technology will be utilized by Florida Peninsula to conduct a thorough evaluation of roof condition, in addition to provide insights into risk at the property level.

 

By providing extremely precise property data for US parcels and structures, our technology eliminates the requirement for on-site inspections to support correct underwriting decisions.

 

In order to meet the changing difficulties in property risk assessment and insurance underwriting, the move represents a strategic alignment of cutting-edge technology and industry knowledge.

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