Farmers and Mechanics partners with ZestyAI
ZestyAI announced that Farmers and Mechanics Mutual Insurance Company of West Virginia (FMIWV) has selected Z-PROPERTY™ Location Insights to strengthen underwriting accuracy and improve risk-based pricing.
According to the press release, ZestyAI’s insights will help FMIWV to:
- 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
“After evaluating several options in recent years, we chose ZestyAI based on their strong coverage and ease of implementation. 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.” – Dan Otto, Senior Vice President and CFO at FMIWV.
“FMIWV is showing how regional carriers can lead with data-driven underwriting that improves operations and elevates the customer experience. By grounding decisions in reliable, property-level data, they’re improving efficiency, reducing risk, and raising the bar for underwriting and rating precision.” – Attila Toth, Founder and CEO of ZestyAI.
