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.”
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