Traditional insurance risk models focus on protection. Future models focus on prevention. Device technology is shifting the landscape by protecting our cars, our homes, and our health.
As few as two in ten insurance carriers are currently collecting data from connected homes and connected properties for water damage prevention. Even fewer – just 5% – are analyzing the data that they are collecting. The unprecedented amounts of data from connected devices offers real-time insights in the hands of insurers, creating the potential to fully disrupt the home owners insurance industry with a redefined take on risk.
Numerous industry surveys support what consumers really want is protection from costly water damage. Leading insurance carriers want to offer superior customer service. We bring the two together with data.
After 10 years in the IT industry, we decided to alter direction. Now, we share our experience and research to help the insurance community minimize risk with the aid of device technology. Working with our partners, we assist homeowners and risk managers see the value of device technology, not the technology itself. Our approach is designed to empower the insured customer and strengthen the service of the carrier.
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Our service includes an assessment of a carrier's home insurance portfolio. We have access to a database which includes survey response data. These surveys are gathered from both proprietary and external sources. This gives us a broader picture of the scope of non-weather related water damage. The unprecedented amounts of data from connected devices puts real-time insights in the hands of insurers, creating the potential to fully disrupt the industry with a redefined take on risk. For individual home owners we consult to help identify opportunities where a home water detection device can avoid significant water damage. We also offer a suite of quality products that offer greater home protection.
Our business team and partners are dedicated to home ownership safety and protection with a clear view of non-weather water detection. We engage data scientist and analytics teams to help isolate home risk profiles. We benefit our clients with our experience with telematics, actuarial services, and device technology. We didn’t get here alone. And neither will you. Call us today.
The majority of homeowners do not view internal water leak damage as the most concerning home threat, despite the fact that water leaks are a more frequent risk than fire and theft, a new Chubb survey revealed.
We have practical experience in solving business problems with technology that works. Working with consumers and insurance providers we help to develop innovative solutions that strength relationships between the parties.
We are a results based consulting firm focused on individual client customer challenges.