Claims, Compliance
Globenewswire | July 13, 2023
Bees360, the top provider of drone-enabled property inspection services powered by artificial intelligence (AI), and Hosta AI, the most advanced provider of AI-enabled interior property inspections powered by more than a decade of MIT research, have partnered to transform the insurance claims process.
Inconsistent data collection and varying methods of individual inspectors and adjusters with differing expertise complicate traditional processes in property and damage inspections. With more than six million home inspections conducted annually in the U.S. alone, insurers need consistent, accurate, and transparent processes of effectively managing such risks. Bees360 and Hosta AI address this challenge head-on by harnessing advanced technologies to improve the quality, efficiency, and accuracy of property inspections, to produce the most robust property dataset possible, and to enable superior claims service from the start.
"This partnership with Hosta AI means we are collectively bringing operational efficiencies and advanced interior data analytics to the insurance industry," said Andy Liu, CEO of Bees360. "By combining the power of aerial and interior inspection and advanced data processing, we are revolutionizing insurance claims processing and providing insurers with a competitive edge while delivering faster, more accurate results for policyholders."
The combined AI capabilities of Bees360 and Hosta AI offer a complete solution for property inspections and claims adjustments. Bees360 leverages state-of-the-art drone inspection technology and Hosta AI delivers an AI-powered Assessment Platform to address the interior, resulting in streamlined and accelerated claims processing.
"Our partnership with Bees360 allows us to harness their extensive aerial inspection capabilities and combine them with our expertise in advanced interior data processing,” said Henriette Fleischmann, CEO of Hosta AI. “By unlocking the potential of AI and machine learning, we can provide insurance companies with unparalleled insights to enable superior service and highly accurate claim settlement."
Bees360 and Hosta AI share a commitment to delivering innovative solutions that expedite the claims settlement process, enhance accuracy, reduce costs, and improve customer satisfaction.
About Bees360
Bees360 is a leading innovator of deep learning and computer vision technology who focuses on bringing AI and drone solutions to property underwriting and claim inspections. It is founded by data scientists and insurance experts whose collective background in data science, mathematics, property claims & underwriting provide an unparalleled level of knowledge to build AI-powered workflow and a disruptive business model for the conventional insurance industry. Learn more at www.bees360.com.
About Hosta AI
Established in 2020, Hosta AI is on a mission to empower people and businesses with fast, accessible and trusted information about their built surroundings. Hosta helps companies that need fast and accurate data about the built environment accelerate their businesses with automated property assessments. The Hosta AI Assessment Platform uses patent-pending AI spatial and material analysis to automate property assessments from just a few simple photos. To learn more about Hosta AI, please visit www.hosta.ai.
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Core Insurance, Insurance Technology
Business Wire | August 04, 2023
Inszone Insurance Services, a rapidly growing national provider of benefits, personal, and commercial lines insurance, has announced the acquisition of Jackson Insurance Solutions, a well-known insurance agency in Albuquerque, New Mexico. This acquisition is part of Inszone's strategic plan to expand its presence and service offerings in the Southwest region.
Jackson Insurance Solutions, founded by Joshua Jackson in 2010, has been serving the Albuquerque area for over a decade, delivering innovative insurance solutions to both individuals and businesses. Renowned for its unwavering dedication to the local community, the agency is recognized for its commitment to finding effective and affordable insurance solutions for the Albuquerque community.
"I had numerous concerns about my staff's future and the complexities of the merging process," said Joshua Jackson, former owner of Jackson Insurance Solutions. "However, after extensive discussions with Chris, it became clear that our goals were aligned, and merging with Inszone was the perfect path to expedite our growth. I look forward to a future of continued shared success, empowering our clients with even more comprehensive insurance solutions as part of the Inszone family."
With this acquisition, Jackson Insurance Solutions will continue to operate under the Inszone Insurance brand and will remain in its current location. All employees will be retained, ensuring that clients receive the same high-quality service they have come to expect from the agency.
"We are absolutely thrilled to extend a warm welcome to Jackson Insurance Solutions as the newest addition to the Inszone family," said Chris Walters, CEO of Inszone Insurance Services. "New Mexico becoming the 11th state in our ever-growing network marks a significant milestone for us. Jackson Insurance Solutions' stellar reputation in the Albuquerque community perfectly aligns with our commitment to delivering exceptional services. We are excited to leverage their expertise to better serve clients in the Southwest region and ensure a seamless experience as we embark on this exciting new journey together."
Inszone Insurance is expected to announce a number of important acquisitions in the upcoming months as it continues to build its national presence.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 42 locations across California, Arizona, Colorado, Illinois, Michigan, Missouri, Nevada, New Mexico, Oregon, Texas, and Utah, the company is looking to further expand throughout the United States.
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Core Insurance, Risk Management
Businesswire | July 07, 2023
Inszone Insurance Services, a fast-growing national provider of benefits, personal, and commercial lines insurance, is pleased to announce its recent acquisition of Quail Ridge Insurance Services.
A well-respected agency, Quail Ridge Insurance Services was established by Cora Wong in August 2003. Quail Ridge, previously known as C Wong Insurance Agency in Vallejo, CA, moved to Vacaville, CA, in 2013, and rebranded to emphasize its commitment to exceptional client service. This merger heralds a promising new phase for both companies and strengthens Inszone Insurance Services' commitment to offering personalized insurance solutions to small contractors.
Quail Ridge Insurance Services saw its beginning in a single room of Wong's home. The agency experienced rapid growth, moving into leased office space within six months. Their exceptional service and personalized approach to insurance for small contractors quickly earned them a strong reputation in the industry.
"We are very excited to welcome the Quail Ridge Insurance Services team into the Inszone Insurance family," said Chris Walters, CEO of Inszone Insurance. "Their dedication to providing personalized service to their clients aligns perfectly with our goal of being the top insurance service provider in California. We look forward to working together to continue delivering exceptional service and value to our clients."
After the merger, Quail Ridge Insurance Services' clients can expect a smooth transition. They will now have access to more resources, a wider market reach, and the added expertise of Inszone Insurance Services at the Inszone Vacaville location. The combined knowledge and experience of both teams will enable the provision of comprehensive insurance solutions tailored to the unique needs of small contractors.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 40 locations across California, Arizona, Colorado, Illinois, Michigan, Missouri, Nevada, Oregon, Texas, and Utah, the company is looking to further expand throughout the United States.
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