Kingstone taps insurtech Roost for home telematics
New York-based multi-line regional property and casualty insurer Kingstone has partnered with California-based home telematics company Roost.
With this strategic partnership, Kingstone aims to increase policyholder engagement as well as reduce claims costs. The company will begin a pilot programme to offer Roost's Smart Water Leak and Freeze Detector or a Roost Smart Battery solutions to select new and existing policyholders.
Kingstone believes that as the company begins deploying Roost’s home telematics solutions, policyholders will be better able to mitigate the cost and hassle of fire, smoke and water leak related claims. It will also change the way insurers engage with their policyholders and drive new business growth, according to the company.
“For more than a century we have been a trusted standard bearer for safety and security in the New York insurance industry, always searching for new ways to best meet our policyholders’ needs,” said Dale Thatcher, president and COO of Kingstone Insurance Company. “Now, with Roost we will also be the brand of forward-looking innovation. Together we will deliver smart sensors that give our customers the best technology to mitigate their risk of water and fire loss. At the same time, the initiative enables us to deepen our ongoing relationship with policyholders and agents.”
Roel Peeters, co-founder and CEO of Roost, added: “We are excited to be working with Kingstone Insurance to deliver a wide-range of new smart sensor capabilities to the company and its policyholders. With Roost’s Home Telematics solutions, Kingstone is extending its proud tradition of service and improving its ability to engage with its policyholders in a meaningful way.”
If you enjoyed this story and have an interest in Insurtech, join us at Intelligent InsurTECH Europe 2018, the only insurtech event with dedicated streams for CXOs, Data/Analytics, and Claims. Find out more here.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Waiting for a $250bn industry loss
Munich Re subsidiary NewRe appoints new CUO to drive P&C growth
Chinese giant PICC partners with blockchain VeChain and DNV
Tokio Marine swoops for Munich Re head of cyber innovation
Swiss Re UK & Ireland CEO steps down
Canopius signs underwriting deal with MGA Anvil
Hiscox partners with US insurtech for claims handling
Everest hires Lloyd's Vandendael to lead global expansion
Talbot looks to grow A&H book globally with senior Chubb hire
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze