Hosta AI, a pioneering force in automated property assessments, announced that it will be participating in the Verisk Elevate 2024 claims conference, a premier insurance industry event that brings together leaders and innovators from across the property insurance and reconstruction industry. Hosta AI’s leadership team looks forward to engaging with conference attendees and delving into the latest advancements in AI-powered Image-to-Estimate technology, with a specific focus on the integration of Hosta AI’s Image-to-Estimate technology with Verisk, a leading global data analytics and technology partner to the insurance industry.
Hosta AI’s founders, CEO Henriette Fleischmann, and CRO Jenna Kinsman, will be in attendance to share insights into this transformative integration. This strategic collaboration combines Hosta AI’s pioneering Image-to-Estimate technology, rooted in over a decade of property damage assessment experience, with Verisk’s Xactware suite of property estimating suite of solutions. The result is a groundbreaking advancement in property assessments that will be showcased at the conference.
In an environment where insurance carriers are grappling with the surge in claims resulting from non-catastrophic and catastrophic weather events, compounded by the challenges posed by climate change, the industry is at a crossroads. Scaling operations and enhancing efficiencies to meet consumer expectations are paramount.
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Hosta AI’s patented artificial intelligence technology, rooted in over a decade of property damage assessment experience and built on MIT research, has empowered it to produce highly accurate and detailed estimates from just a few photos. This approach eliminates the need for claims adjusters to visit low-severity loss sites, a process that historically consumed valuable time and resources. This technology streamlines the inspection and estimating process, offering significant operational efficiencies while allowing insurance companies and third-party claims adjusting firms to manage a higher volume of low-severity claims at a significantly lower cost.
Hosta AI welcomes all conference attendees to participate in conversations about the future of property assessments and the transformative potential of AI-powered technology.
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