EVRYTHNG, the IoT Smart Products Platform, announced today the availability of its IoT Insurance solution to enable insurers to design and deploy new smart home insurance propositions. Built upon an ecosystem of pre-integrated devices, including high-profile partners such as Jasco, iHome and First Alert, it enables insurers to bypass the complexity associated with multi-vendor smart home environments.
With the solution, insurance companies can offer services under their own brand and use any combination of manufacturer-branded or white-labeled devices. And, unlike most ‘affinity’ or co-marketing programs, insurance companies have complete access to all real-time data, control over the device ecosystem, and a customer-facing, branded mobile app.
Available now, it comes with a structured Pilot Kit program including full customization services and ongoing operational support to help Insurers get to market and validate new value propositions quickly.
Niall Murphy, CEO and Co-Founder at EVRYTHNG, said: “The disruptive potential of the Internet of Things is already transforming the automotive and health insurance sectors. Now, home and property insurance is benefiting from the same opportunities with data from smart devices. Insurers can help consumers access the benefits of smart home safety and security, apply sensory data to offer proactive, personalized services and response, manage risk more effectively, and ease administration. EVRYTHNG gives insurance service providers an easy way to access a rich ecosystem of devices in the home to both create attractive value propositions for their customers and work at scale with data from these devices and their own systems with security and analytical intelligence.”
Curt Schacker, EVP for Connected Products at EVRYTHNG, added: “This is about providing insurance companies all the components they need to bring their own brand-led value proposition to market, including a scalable cloud platform, a curated ecosystem of interoperable devices, mobile app, analytics dashboards, and system interconnections. Insurers can now get going quickly and easily with a staged program to pilot value propositions with customers with a specific set of devices, service, and experience, and then move to scale over time.”
Ecosystem connectivity is at the core of the EVRYTHNG Platform-as-a-Service. It has pre-built connectors for home automation platforms such as SmartThings and Wink, and a Works with Nest-certified SDK for the Nest Cam Indoor and Nest Cam Outdoor security cameras, a global-first unveiled at Google I/O 2016. Additional platform and device partnerships will follow over the coming months to extend the ecosystem for insurers even further.
Gary Schultz, Business & Product Development Director at iHome, said: “With the broad iHome Control smart home product range available within the EVRYTHNG ecosystem, Insurers can bundle iHome’s award winning Smart Monitor, Smart Plugs and Sensors into their services and access critical real-time data with features such as motion, temperature, energy consumption, humidity and appliance and lighting controls anywhere in or around the subscriber’s home.”
Keith Lashley, VP of Products at Jasco added: “Through our participation in the EVRYTHNG ecosystem, the broad range of sensing and control devices we produce under the GE brand are now available to insurers to monitor and respond to virtually any threat or event which can impact a home.”
Mark Devine, Senior Vice President of Marketing for First Alert stated: “First Alert, the most trusted name in home safety, is synonymous with residential fire protection, so it’s natural to integrate our Onelink by First Alert Smoke + Carbon Monoxide alarms into the EVRYTHNG platform.”
“What’s most impressive about EVRYTHNG’s new approach,” said Lee Gruenfeld, Vice President of Strategic Initiatives at Support.com, “is that they’ve thought beyond just the devices and infrastructure, all the way to the full customer experience. Including Support.com’s advanced customer support software and services as a strategic part of this rich ecosystem allows EVRYTHNG to give insurers a crucial advantage in delivering customer satisfaction through better support and reduced customer effort.”
Read online here.
The IoT Insurance solution and Pilot Kit are available to order today. To find out more, go to https://evrythng.com/industries/insurance/
EVRYTHNG is the Internet of Things Smart Products Platform connecting consumer products to the Web, and managing real-time data to drive applications. The world’s leading consumer product manufacturers work with EVRYTHNG to manage billions of intelligent online identities in the cloud for their products, deliver real-time interactive experiences and support services to consumers, and connect with the ecosystem of other applications and products in their digital lives. To find out more about how EVRYTHNG’s award-winning IoT cloud platform delivers better consumer-product experiences and smarter product operations, please visit evrythng.com and follow @EVRYTHNG.
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