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Kingstone Insurance Partners with Kyber Technologies Inc.

1. KINS partners with Kyber Technologies to automate claims processing. 2. AI solutions will enhance claim communications for Kingstone.

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FAQ

Why Bullish?

This partnership with Kyber Technologies may lead to improved operational efficiency. Historical examples, such as Progressive's AI adoption, demonstrate significant cost reductions and customer satisfaction increases.

How important is it?

The article highlights a strategic partnership that could streamline operations, potentially enhancing profitability and market position. Given the competitive nature of the insurance sector, such advancements are crucial for KINS.

Why Short Term?

Automated claims processing can yield immediate operational improvements and customer service enhancements. Quick implementation generally leads to early recognition of benefits, impacting KINS in the next quarters.

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PGRALLTRV
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.

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