Lemonade adopts ZestyAI’s platform to enhance underwriting

ZestyAI, a provider of AI-driven climate and property risk analytics, has confirmed that Lemonade, the digital insurer powered by AI, has adopted its platform to further optimise underwriting for key catastrophe perils in the US.

The pair stated that their partnership reflects a shared vision for addressing increasing climate risks and sets a new standard for resilience, efficiency, and innovation in the insurance industry.

ZestyAI’s predictive analytics platform reportedly leverages advanced AI models to analyse the interplay of climatology, geography, and the characteristics of each structure and roof, enabling precise and transparent property risk assessments.

Additionally, ZestyAI’s proactive regulatory approach, with approvals in key states, simplifies compliance and will enable Lemonade to implement these models faster.

Ori Hanani, Senior Vice President of Insurance at Lemonade, commented, “Since our launch, we’ve always been committed to using technology to create smarter, more accessible insurance products.

“In leveraging ZestyAI’s advanced risk models, we’re able to further support homeowners in securing comprehensive coverage for their most valuable assets, while also continuing to strengthen our underwriting capabilities as we continue to grow.”

Attila Toth, Founder and CEO of ZestyAI, added, “Lemonade is a natural partner for ZestyAI. Their innovative approach to insurance and customer-centricity aligns perfectly with our commitment to provide actionable insights that drive smarter risk decisions.”

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