Breaking News
Farmers and Mechanics Mutual Insurance Company of West Virginia Adopts ZestyAI to Strengthen Underwriting and Risk-Based Pricing
ZestyAI, the leader in AI-driven property risk analytics, today announced a new partnership with Farmers and Mechanics Mutual Insurance Company of West Virginia (FMIWV) to strengthen underwriting accuracy and improve risk-based pricing.
Roof claims are the leading driver of insurance losses, yet many carriers still depend on self-reported data, which can be unreliable, or physical inspections, which are costly and hard to scale. Recent research shows that 15% of roofs are at least eight years older than reported, highlighting the need for more reliable, data-driven alternatives.
To address long-standing challenges in accessing reliable property insights, FMIWV selected Z-PROPERTY™ Location Insights.
“After evaluating several options in recent years, we chose ZestyAI based on their strong coverage and ease of implementation,” said Dan Otto, Senior Vice President and Chief Financial Officer at FMIWV. “Getting started using the technology was easy. We’re particularly focused on using their property insights to provide additional underwriting information for new business and renewals.”
ZestyAI’s advanced insights help FMIWV:
- Identify high-risk properties early to prioritize mitigation and prevent losses
- Enhance risk selection and pricing precision with objective, property-level data
- Reduce inspection costs and turnaround time by minimizing the need for on-site assessments
- Streamline straight-through processing for low-risk properties to improve efficiency and speed to bind
- Reduce premium leakage by aligning pricing with actual exposure
“FMIWV is showing how regional carriers can lead with data-driven underwriting that improves operations and elevates the customer experience,” said Attila Toth, Founder and CEO of ZestyAI. “By grounding decisions in reliable, property-level data, they’re improving efficiency, reducing risk, and raising the bar for underwriting and rating precision.”
It follows the recent news that ZestyAI’s Severe Convective Storm suite, including Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance, meaning it is now approved for use in 16 states covering key high-risk markets. Ohio has experienced 36 billion-dollar loss storm events over the past five years alone, surpassing the total from the previous two decades, which saw 33 events, according to NOAA’s National Centers for Environmental Information (NCEI), making it a key concern for insurers.
People In This Post
Companies In This Post
- Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market Read more
- RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry Read more
- Travel Providers to Accept UnionPay Cards for Both Direct e-Commerce Bookings and Indirect Sales via Amadeus Travel Platform Read more
- Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences Read more
- BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity Read more
Chubb Names Seshadri Iyer to Lead Global Operations, Technology and Digital Transformation
Chubb announced that Seshadri (Sesh) Iyer has been appointed Executive Vice President, Chubb Group, Operations, Technology and Digital Transformation, effective April 6
DFC Announces Chubb as Lead Insurance Partner for Maritime Reinsurance Plan
Chubb will serve as the lead partner for DFC’s $20 billion Maritime Reinsurance plan designed to resume commercial shipping in the Gulf
The AI Productivity Paradox: YuLife Research Finds AI Driving Rising Pressure in UK Workplaces
YuLife reveals a growing "AI productivity paradox" with workers reporting rising pressure and uncertainty
Markel International Launches AI Centre of Enablement With Appointment of Head of AI
Markel International announced the appointment of Maureen Tomlinson to Head of AI, alongside the launch of their AI Centre of Enablement
Neptune Flood Launches App in ChatGPT, Expanding Access to Preliminary Flood Insurance Quotes
Neptune Flood today announced the launch of its digital flood insurance app in ChatGPT
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
Irish Insurtech Kayna Raises €1.5m to Expand in UK and USA
Kayna, the award-winning embedded insurance infrastructure platform, has closed a €1.5 million seed funding round
Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
Travel Providers to Accept UnionPay Cards for Both Direct e-Commerce Bookings and Indirect Sales via Amadeus Travel Platform
According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences
Creditinfo, a global service provider for credit information and risk management solutions, has announced the rollout of its identity, know your customer (KYC) and fraud and ID solution in Uganda. The move supports organisations in the country as they work to strengthen financial crime prevention at a time of rapid digital growth and evolving fraud risk.
BVI Financial Services Conference Examines Global Financial Crime Risks and Reaffirms BVI’s Commitment to Integrity
Government officials, regulators, law enforcement authorities and financial services professionals gathered at the BVI International Arbitration Centre on 5 March for the BVI Financial Services Conference 2026, an event examining the evolving global landscape of financial crime and the responsibilities of international financial centres in safeguarding the integrity of the global financial system.
Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.