Digital claims management company, Snapsheet, has announced a new partnership with InsurTech firm, Kin Insurance.
After a successful $35 million Series B funding round, Kin agreed to partner with Snapsheet to enable an automated digital experience, omnichannel engagement, and end-to-end claims management from electronic first notice of loss (FNOL) through settlement.
Using their direct-to-consumer model, Kin leverages thousands of property data points to customise coverage and prices through a simple user experience.
Kin’s portfolio extends across Florida and soon California, where they offer affordable coverage for homeowners in areas prone to extreme weather.
The company’s unique approach to innovating property insurance is further streamlined through the implementation of the Snapsheet platform.
Snapsheet Claims platform offers a digitalised claims process, from omnichannel intake of FNOL to data and technology assisted investigation and claim assessment, all the way through digital payment processing for settlements.
Their system was designed from Snapsheet’s 90 carriers, which created the platform’s approach that allowed insurance partners to rapidly change the claims experience through the use of technology.
Sean Harper, CEO of KIN, commented: “We’re changing how home insurance is done, and this strategic collaboration with Snapsheet infuses additional innovation into our approach. Snapsheet’s claims management platform is at the forefront of technology, backed by a decade of proven results,
“By quickly enabling the automation of workflows, omnichannel engagement, and the ability to capture unique data and analytics, this partnership bolsters our growth by creating new efficiencies and better customer experiences.”
Snapsheet’s founder and CEO, Brad Weisberg, added: “It’s an honour to team up with Kin as they continue their journey of innovation and growth. We’re proud to provide Kin with an automated, end-to-end platform that streamlines operations and powers a digital experience that makes home insurance simpler for people across the country.”
