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Business

Mercury Insurance offers contactless home inspections to policyholders in New York and New Jersey through Flyreel

Mercury’s home inspection app minimizes health risks by eliminating the need for outsiders to make an in-person home visit

LOS ANGELES–(BUSINESS WIRE)–Today, Mercury Insurance announced that the company is offering New York and New Jersey homeowners policyholders DIY inspection services using an advanced Artificial Intelligence (AI) assistant. Created by Flyreel, the app guides homeowners through a self-inspection of their property and gives them the option for a contactless experience, helping policyholders maintain their physical distance from those outside of the household during the COVID-19 pandemic. The AI assistant is available to download as a mobile app from the Apple App Store and Google Play.

“We do so much with smartphones now that giving our insureds the ability to use photos and video to capture and verify the characteristics of their property made so much sense,” said Holly Sacks, Mercury Insurance portfolio underwriter. “The AI in our app is top-class, making it super simple to complete a self-inspection. The step-by-step instructions are easy to follow and fun to use!”

New Mercury homeowner policyholders will be emailed a link to download the app and activate it. Then, they can complete the self-inspection at their leisure with no appointment needed. The virtual inspection is conducted with state-of-the-art AI, high fidelity video and a conversation feature to streamline the experience while capturing everything Mercury needs to accurately underwrite a policy. It also helps catalog belongings and building materials in the event the customer needs to file a claim. On average, the self-inspection process takes less than 30 minutes.

Flyreel, Mercury’s home inspection app technology partner, is the pioneer in developing advanced AI to help insurance providers protect policyholders and their property using AI-assisted, self-service inspections.

“We’re grateful for the opportunity to support Mercury Insurance as they push the envelope of innovation, deploying the best of today’s technology to better serve their customers,” said Cole Winans, CEO of Flyreel. “Their relentless commitment to protecting homeowners while delivering an industry-leading customer experience makes us proud to be their partner.”

Visit https://www.mercuryinsurance.com/insurance/homeowners/ to learn more about Mercury’s products and services.

About Mercury Insurance

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and business insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information, visit www.mercuryinsurance.com or Facebook and follow the company on Twitter.

About Flyreel

Flyreel provides Total Property UnderstandingTM for underwriting, loss control and claims. Flyreel’s advanced AI assistant guides users through fully configurable workflows. As users scan their property with their smartphone camera, Flyreel’s proprietary computer vision technology automatically documents critical property data like hazards, risks, features, materials and more. Flyreel’s AI Assistant can “react and respond” to data collected by the policyholder, adapting and customizing conversational workflows based on the unique attributes that it “sees” in near real-time. To learn more about Flyreel, visit https://www.flyreel.co/.

Contacts

PCG – Kyle Reuter (424) 903-3657

kreuter@pacificcommunicationsgroup.com

Flyreel, Inc. – Alyson Austin (949) 403-0484

alyson@gaffneyaustin.com

Categories
Business

AM Best to host webinar on the state of the cyber insurance market

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best will host a complimentary webinar on Monday, July 27, 2020, at 11:00 a.m. EDT, which will explore the state of the cyber insurance market. During the event, AM Best analysts and market experts will review an upcoming Best’s Market Segment Report that examines developments in the cyber insurance market, including the companies most active in the line of coverage; issues in the wake of the COVID-19 pandemic; and how the insurance industry is positioned to keep abreast of a fast-emerging risk landscape. Register now: www.ambest.com/webinars/cyber20.

Panelists include:

  • Kara Owens, managing director, Global Cyber Underwriting Executive, Markel Corporation;
  • Catherine Mulligan, global head of cyber, Reinsurance Solutions, AON;
  • Sridhar Manyem, director, Industry Research, Credit Rating Criteria Research & Analytics, AM Best; and
  • Fred Eslami, associate director, AM Best.

Attendees can submit questions during registration or by emailing webinars@ambest.com. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED

Contacts

James Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com