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Florida's homeowners insurance market faces high fraud incidents, rising costs, and declining trust. Customers experience uncertainty about coverage, lack of transparency, and burdensome processes. Insurers struggle with operational inefficiencies, policy cancellations, and limited technological innovation.
Digitally-enabled Florida-domiciled Property and Casualty insurer focused on IoT innovation for homeowners insurance
Projected $6M+ annual damage reduction through early leak detection, 30% faster claims resolution, 40% lower fraud incidence, and 25% increase in customer retention. Platform will enable expansion into new Florida territories while establishing market differentiation through IoT innovation.