InsurTech startup DropIn, Inc. announces new CEO

LOS ANGELES, Sept. 28, 2017 /PRNewswire/ -- DropIn, Inc., provider of on-demand, live video platform for the insurance and automotive industries, is delighted to announce, Emilio Figueroa as its new CEO of insurance.

Mr. Figueroa, joins the team with over 27 years of experience in the commercial property & casualty insurance space. He recently led the creation of an insurance program for a risk management venture firm, and previously led innovation and creation across multiple insurance verticals ranging from MGA, an association captive, and multiple reinsurance firms.

"I am honored to be joining DropIn at such a turning point," said Mr. Figueroa, "and I am looking forward to my new role and the opportunities that lie ahead. It's very exciting to be leading a company that is taking part in shaping the future of the insurance industry. The fact that DropIn can provide real time remote claim management from drones, during our current climate state, is game changing."

The DropIn live video platform, founded in 2015 by entrepreneur Louis Ziskin, includes Drone, Droperator™, and ClaimsDirect™ capabilities.

ClaimsDirect™ allows each insurer to collaborate with the insured using a live video stream that can be directed by the insurer to capture all photos and videos that are required. The insured's photos and videos are uploaded to the DropIn platform where they are stored. Measurements can be extracted and can be readily downloaded.

The platform also offers a fleet of Droperators™ (1,200 of which are FAA 107 licensed drone pilots) as an on-demand workforce. The insurer enters in the address of the claim, and the Droperator™, within that radius, receives the notification and responds to the call.

"Emilio has a double digit track record of increasing revenue and decreasing loss ratios. I'm a numbers guy, and that makes sense to me," said Ziskin.

Mr. Figueroa's leadership appointment comes at a time of significant growth for DropIn, as the company looks to expand its presence in the insurance industry.

Figueroa and Ziskin will be at the Majesco conference in Fort Lauderdale September 30th to October 4th. In addition, DropIn will have a booth at the InsureTech Connect conference in Vegas October 3rd and 4th.

About DropIn, Inc.

DropIn, Inc. (DropIn) provides an on-demand, live video platform which enables more precise underwriting risk assessments, speeds claim resolution, enhances damage estimate accuracy, and reduces indemnity and loss adjustment expenses (LAE). DropIn ensures property and casualty (P&C) insurance companies, managing general agencies (MGAs), third-party adjusters (TPAs), segments of the automotive industry, and managed repair networks, can access and utilize streaming video and high-resolution photos captured directly by customers or via a crowdsourced independent contractor network using commonly-available insurtech tools, such as smartphones and drones, to achieve better insight into the intricacies of auto and property damage for enhanced decision-making.

For more information about DropIn, please visit http://www.dropininc.com.

Follow us on Twitter at @DropInInc

Media Contact:
Jordana Wolf

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SOURCE DropIn, Inc.