Kingstone Insurance Partners With Earnix To Improve Pricing Sophistication And Speed To Market

Kingstone Companies, Inc. (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance has selected Earnix, a premier provider of mission-critical, cloud-based intelligent solutions across pricing, underwriting, rating, and product personalization, to enhance its pricing capabilities and support its strategic growth initiatives.

This partnership will enable Kingstone Insurance Company, the principal operating subsidiary of Kingstone and the 15th largest writer of homeowners insurance in New York, to leverage Earnix's modeling and pricing solutions backed by robust data-science, analytical modeling, and artificial intelligence ("AI") capabilities, allowing Kingstone to deliver more accurate pricing strategies by leveraging predictive modeling as well as improved implementation timelines.

Earnix's unified platform that serves as a single source of truth across all organizational roles, will benefit Kingstone by providing built-in governance, version control, and explainability. This integration will also enable quick product roll-out and empower Kingstone to make informed pricing decisions and respond swiftly to changing market dynamics.

Meryl Golden, Chief Executive Officer of Kingstone, stated, "Partnering with Earnix aligns perfectly with our long-term vision for growth and innovation. Their solutions will improve the efficacy of our pricing team's work, ensuring we remain ahead of the competition in a rapidly evolving market."

Robin Gilthorpe, Chief Executive Officer of Earnix, expressed enthusiasm about the partnership, saying, "We are proud to collaborate with Kingstone Insurance, a forward-thinking insurer committed to enhancing its pricing strategies. Our solutions will help Kingstone operationalize its strategic objectives, enabling them to maintain and expand their market presence."

This partnership marks a significant milestone for both companies, as they work together to drive innovation in the homeowner's insurance market.