INSURANCE IN A CONNECTED WORLD
Smart solutions for insurance companies. Smart homes for satisfied customers.
IoT Insurance Solution for the Smart Home
According to a recent Accenture report, consumers expect insurers to provide broader coverage with personalized services that adapt to their usage, behaviors and preferences. In fact, nearly 80% of people would change providers for more tailored insurance, saying they would trade connected, behavioral data to get more personalization. With the Internet of Things (IoT), this is now possible, practical and scalable.
IoT is completely disrupting the property insurance market. Connected sensors and devices in and around the home can detect and monitor threats in real time. This protects property and assets for consumers, giving them greater peace of mind, while reducing claims and mitigating losses for insurers. IoT solutions also give insurers a better way to understand risk on an individual basis, allowing for the personalization consumers want. Learn how the smart home is transforming the property insurance market by downloading our white paper here.
With EVRYTHNG’s IoT insurance solution, insurers can gain new business and profit from fewer claims. Our smart home solution is fully customizable, allowing insurers to create what works best for them, while saving time and money on implementation. Here are some of the benefits to insurance companies:
- Offer smart home solutions under your own brand identity
- Use any combination of manufacturer-branded or white-labeled devices
- Have complete access to all real-time data generated (unlike affinity programs)
- Give consumers the personalized service they want through better risk profiling
- Reduce losses through preventative monitoring and alerts
Insurance Pilot Kit
Implementing IoT solutions can be challenging due to the complexity and fragmentation of the smart home market, but it doesn’t need to be. We’ve built our smart home insurance IoT solutions on an ecosystem of pre-integrated devices that include high-profile device partners. With our Insurance Pilot Kit, you can test connected device solutions quickly, get consumer feedback to refine your value proposition, and save tremendous time and money in the process. Learn more by downloading our data sheet here or if you’re ready to talk, contact us directly.