Kingstone Insurance Partners with Kyber Technologies Inc.

Rhea-AI Summary

Kingstone Companies (NASDAQ:KINS), a Northeast regional property and casualty insurance holding company, has announced a strategic partnership with Kyber Technologies to implement AI-enabled claims correspondence automation. The collaboration aims to enhance the efficiency of Kingstone's claims processing system.

Through Kyber's AI technology, Kingstone's Claims Specialists will be able to instantly draft, review, and send claims communications, streamlining administrative tasks and improving customer service delivery. The partnership focuses on managing complex state-specific templates and ensuring compliance across all lines of business.

Positive

• Implementation of AI technology to improve operational efficiency
• Potential reduction in administrative costs through automation
• Enhanced compliance management across different states

Negative

• None.

KINGSTON, NY / ACCESS Newswire / April 3, 2025 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that it has partnered with Kyber Technologies, Inc. ("Kyper") to streamline and automate its claims correspondence with Kyber's artificial intelligence ("AI") enabled solution. Kyber's enabling technology will allow Claims Specialists at Kingstone to instantly draft, review, and send claims communications.

"We are pleased to announce our partnership with Kyber as part of our ongoing commitment to providing the best claims experience to our valued policyholders," said Dave Fernandez, Chief Claims Officer of Kingstone Companies, Inc. "The process for drafting, reviewing, and approving claims correspondence can be time consuming for our claims team, leaving less time to focus on the most important aspect of a claim: our customer. By leveraging Kyber's AI enabled technology, we will streamline administrative tasks, improving efficiency and allowing our teams to dedicate more time to delivering unparalleled service to our customers."

"Our partnership is a testament to how Kyber's platform drives a better policyholder experience. By simplifying the management of complex state-specific templates, ensuring compliance across all lines of business, and enabling their team to use cutting edge technology like AI Templates, we're excited to empower Kingstone to scale faster, reduce risks, and focus on delivering exceptional policyholder experiences," said Arvind Sontha, Co-Founder of Kyber.

About Kingstone Companies, Inc.
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company ("KICO"). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2024 was the 12^th largest writer of homeowners insurance in New York. KICO is also licensed in New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine.

About Kyber Technologies, Inc.
Kyber (www.askkyber.com) is a Y Combinator backed AI startup delivering the fastest way for claims teams to generate, review, and send claim forms and letters. Instead of spending hours drafting notices, adjusters get fully formatted, high quality drafts in seconds. By eliminating manual work, Kyber reduces time adjusters spend drafting by 65%, ensures every notice meets compliance standards, and keeps communications consistent. With dynamic templates and configurable review rules, Kyber ensures that every claim notice is consistent, compliant, and ready for adjusters to finalize. Headquartered in New York, New York, Kyber is transforming claims processes across the insurance industry.

Kingstone Investor Relations Contact:
Karin Daly
Vice President
The Equity Group Inc.
kdaly@equityny.com

Kyber Media Contact:
Anna Conger
Growth Executive
Kyber Technologies, Inc.
anna@askkyber.com

SOURCE: Kingstone Companies, Inc

View the original press release on ACCESS Newswire

FAQ

What is the purpose of Kingstone's (KINS) partnership with Kyber Technologies?

The partnership aims to streamline and automate claims correspondence using Kyber's AI-enabled solution, allowing instant drafting, review, and sending of claims communications.

How will the Kyber Technologies partnership benefit KINS policyholders?

The partnership will enable claims specialists to spend less time on administrative tasks and more time focusing on customer service, leading to improved policyholder experience.

What specific AI capabilities will Kingstone (KINS) gain from the Kyber partnership?

Kingstone will gain AI-enabled technology for managing state-specific templates, ensuring compliance across business lines, and automating claims correspondence.

When did Kingstone Companies (KINS) announce its partnership with Kyber Technologies?

Kingstone announced the partnership with Kyber Technologies on April 3, 2025.