Florin operates as a full-stack insurance carrier powered entirely by artificial intelligence, eliminating the need for human underwriters. Upon receiving an ACORD submission, the system automatically analyzes the form and conducts independent risk assessments using satellite imagery, public records, permits, and even social media data like Instagram posts. This comprehensive investigation uncovers hidden risks that traditional applications often miss. By simulating tens of thousands of potential scenarios for the policy period, Florin accurately prices each risk and delivers a bindable quote in under a minute.
The company’s team comprises former employees from Google, Tesla, Amazon, and Terra Firma, bringing deep expertise in technology and operations. Their approach aims to achieve superior outcomes across loss ratio, processing speed, and operational cost. Florin represents a new model in insurance, leveraging advanced AI to deliver faster, more accurate decisions while reducing reliance on manual processes.