QUBIE Wins “Home Insurance Innovation Of The Year” In 2023 PropTech Breakthrough Awards Program
Annual awards program recognizes innovation in the global real estate technology industry
IRVINE, Calif.–(BUSINESS WIRE)–SES Risk Solutions today announced that QUBIE has been selected as “Home Insurance Innovation Of The Year” in the annual PropTech Breakthrough Awards program. The awards are conducted by PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe.
QUBIE from SES Risk Solutions is a comprehensive and competitive nationwide property and casualty insurance solution that is tailored to the unique needs of a residential rental property owner. QUBIE is an automated quote, bind, issues system that provides users with automated underwriting results within seconds. It also offers unique billing flexibility for investors purchasing new properties as well as those that opt to escrow/impound insurance premiums through their mortgagee.
“We’re thrilled QUBIE is PropTech Breakthroughs’ ‘Home Insurance Innovation of the Year.’ We set out to design a solution that would dramatically cut down the time required to quote, bind, and issue policies, which significantly improves the user experience for brokers and investors,” said Shaun Shenouda, COO of SES Risk Solutions. “By ensuring a more accurate and reliable risk profile through third-party data, QUBIE enables an objective and efficient underwriting process.”
QUBIE harnesses machine learning, computer vision, and API integrations with third-party data providers to instantly gather property information and evaluate risk. The solutions’ proprietary rating algorithm offers a precise, data-driven risk assessment that considers factors such as property details, roof condition, building age, and more. As a result, QUBIE offers equitable premiums and more tailored coverage for clients. By sourcing property data from trusted third-party providers, QUBIE’s approach mitigates common issues of manual data entry and broker-provided information.
“QUBIE is redefining the underwriting process by leveraging advanced technologies and proprietary algorithms, providing a unique solution to long-term rental property investors—an underserved segment within the property market,” said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. “In an industry traditionally fraught with inefficiencies and manual processes, QUBIE introduces automation, accuracy, and speed into underwriting, offering unprecedented efficiency and a user-friendly experience.”
The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the real estate technology industry today. This year’s program attracted more than 1,700 nominations from 12 different countries throughout the world.
About SES Risk Solutions
SES is a leading property and casualty insurer of real estate investment properties focused on digitally transforming the way insurance brokers write policies for rental properties and portfolios. SES is pioneering digital integrations to allow property managers and landlords to access, through their brokers, market-leading carriers with cutting edge Insurtech platforms. SES simplifies the process of purchasing insurance through instant quoting and online policy administration.
About PropTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the PropTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies and products that empower remote work and distributed teams around the globe. The PropTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design and more. For more information visit PropTechBreakthrough.com.
Contacts
Scott Phillips
SVP, Strategic Partnerships & Digital Integrations
SES Risk Solutions
(657) 261-2451
[email protected]
