Are you tired of the limitations and restrictions imposed by traditional insurers when it comes to underwriting and risk management? Look no further than Honeycomb Insurance, the fast-growing digital insurer that recently raised $36 million in a Series B funding round led by Zeev Ventures. With Honeycomb’s proprietary AI-driven technology, you can streamline your insurance process and get consistent coverage at a better price for your well-maintained properties.

In the current market, finding landlord insurance can be a challenging task due to the narrowing appetite among traditional insurers. For example, when a major California insurer incurred losses in the state recently, it decided to completely pull out of the region and leave it to landlords and homeowners to find a solution. In other states, carriers who haven’t completely pulled out of the landlord insurance market have imposed new limitations, rendering their coverage non-viable or unavailable. Some will only insure properties built after 2004, despite more than 80% of U.S. residential properties being built prior to 2004.

Honeycomb’s AI-powered technology enables granular risk management, underwriting ‘at the individual building level,’ and providing consistent coverage at a better price for well-maintained properties. In a market estimated at over $34 billion in the U.S., Honeycomb is the first landlord insurer to simultaneously streamline the customer and broker experience, leverage unique proprietary underwriting technology, and offer bespoke insurance coverage that adapts to ever-changing client needs.

With Honeycomb, you can sell policies directly via its platform and through a growing group of best-in-class insurance brokers, who can virtually ‘bulk-quote’ an endless number of submissions in real time. This significantly improves a process that used to take weeks to complete, translating into greater profitability for brokers and meaningful value for customers.

Here are five steps to streamline your insurance process with Honeycomb:

1. Sign up for Honeycomb’s platform and create an account.
2. Input your property information and receive a quote in real-time.
3. Customize your coverage to fit your specific needs.
4. Purchase your policy directly through the platform or through a broker.
5. Enjoy consistent coverage at a better price for your well-maintained properties.

Honeycomb now operates in sixteen of the largest states in the U.S., covering approximately 60% of the U.S market. It insures more than $21 billion worth of real estate assets and expects to triple that number in the next 12 months. To achieve these goals, Honeycomb plans to double its staff from the current headcount of 90 employees to 180 within the next 18 months.

Don’t let traditional insurers limit your business. With Honeycomb’s AI-powered insurance solutions, you can streamline your insurance process and get consistent coverage at a better price. Get in touch with Riskwolf to develop parametric insurance for your specific case and turn real-time data into insurance. Using unique real-time data and dynamic risk modelling, Riskwolf enables insurers to build and operate parametric insurance at scale. Simple. Reliable. Fast.

Read more about Honeycomb’s recent funding round and AI-driven tech advantage here.