Integrated Specialty Coverages (ISC), a program administrator developing insurance products utilizing artificial intelligence (AI) technology and analytics, has launched its Investor Property Program designed to address large complex residential property schedules.
Lead by Gareth Jelley, senior vice president of the Property Division, the Investor Property Program will offer capacity to write property and liability policies geared toward property owners across the U.S. It will primarily target one-to-four family dwellings, as well as builder’s risks, condo rentals, risks under renovation, vacant properties, and short terms vacation rentals.
The program will provide up to $5 million total insurable value (TIV) for any one location, without limits on the number of locations that can be insured within a single policy and coverages that insure against a variety of exposures, including dog bite liability and swimming pool liability, theft, water backup and ordinance or law.
ISC’s AI-powered bot and rating and online policy management system will drive all property-focused programs, which are customizable across property schedules with numerous locations. ISC’s data integration platform includes more than 900 data points per location so brokers and agents can receive program quotes quickly.
ISC was founded in 2016 by Matt Grossberg and in 2018 partnered with Sightway Capital, Two Sigma’s private equity business.
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