AP NEWS

Kin Insurance Leverages Big Data to Give Fair and Fast Home Insurance Pricing to Georgia Homeowners

October 2, 2018

CHICAGO--(BUSINESS WIRE)--Oct 2, 2018--Kin Insurance, an insurtech startup that leverages big data to provide fast, fair, and affordable insurance for homeowners, announced today its expansion into Georgia. Kin uses big data analysis to simplify the complicated and time-consuming process of obtaining homeowners insurance.

Kin aggregates data from public and private sources (e.g., real estate listings and building records, as well as satellite and drone photography) to provide address-specific home insurance quotes for homeowners. Kin ensures every policy makes the most sense for each individual home and that no customer is paying more than they should for insurance.

Applicants simply enter their address, and Kin pulls more than 5,000 data points – over 100 times as many as traditional insurance companies do – to instantly provide an accurate and fair quote.

“It’s irresponsible for insurance companies to price coverage without using every bit of available data, but most simply lump homeowners together by ZIP Code,” said Kin CEO Sean Harper. “We can save people substantial time, money, and confusion while getting them accurately priced coverage that fits their specific needs.”

In addition to faster, more accurate pricing, Kin gives customers a number of other benefits. Instead of the outdate and time-consuming process of manual paper applications completed with insurance brokers in person, Kin offers an all-online application supported by personal customer service.

Kin currently operates in Florida and Georgia and plans to make its coverage available nationally. The company recently closed a $13 million funding round led by August Capital.

To learn more or get a quote through Kin, visit www.kin.com.

About Kin

Kin Insurance is an independent home insurance company that uses data to provide quick, fair, and accurate insurance coverage for homeowners. The company aspires to protect the homes and livelihoods of millions of people living in high-risk areas around the country. Kin’s technology leverages big data and machine learning to analyze large amounts of public data to speed up the task of obtaining accurate and fairly priced home insurance estimates. The company is based in Chicago and currently provides homeowners coverage throughout Florida and Georgia, with plans to expand across the U.S.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005205/en/

CONTACT: for Kin Insurance

Jorie Goins, (786) 417-7633

jorie@propllr.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA ILLINOIS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT PROFESSIONAL SERVICES INSURANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Kin Insurance

Copyright Business Wire 2018.

PUB: 10/02/2018 10:00 AM/DISC: 10/02/2018 10:01 AM

http://www.businesswire.com/news/home/20181002005205/en

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