Very pleased to announce today that LeakBot has joined Matteo CarboneIoT Insurance Observatory in the U.S.A.
The IOT Observatory is a Think Tank focussed on IOT technologies in insurance and is attended by the biggest and best U.S. P&C insurers (like Statefarm Insurance, Allstate, Travellers and Nationwide) and the most successful IOT technologies (like Whisker Labs's Ting that prevents fire claims in Home insurance)
The timing is great for us... the insurance industry is changing - LeakBot is now in well over 100,000 homes with 19 insurers and the likes of Länsförsäkringar (Sweden's largest non life insurer) seeing 40% reductions in water damage claims post LeakBot. The IOT Observatory is a great forum to share our insights and results with the U.S. industry
I caught up Proactive's Stephen Gunnion to discuss this in more detail - link to full interview here:
#Ondo#InsurTech#IOThttps://lnkd.in/eG2k6DRN
Hello, you're watching Proactive. I'm joined by Craig Foster, the CEO of Ondo Insurtech. Craig, I said there were a couple of bits of news because you've also announced that you're going to be participating in the IoT Insurance Observatory, so a really good showcase for Leak Bot. Yeah, exactly. I mean, it's a really interesting thing. It's it was founded by a guy called Matteo Carbone. So he's an Italian guy that he's a, he's an expert in the application of Internet of Things technologies for the insurance industry. So he's been doing this for quite a long time. And he's very influential. I mean, he's often ranked as the number one or #2 most influential people in the world in the insurance industry on on insurance technologies. What is it's like a club of insurers who are interested in these technologies, who are actively participating and. Buying stuff and they share the results and share best practice, share what's working and crucially what's what's not working as well. And interestingly, Steven, there's a product that you and I have talked about in the past called Ting, which is a fire sensor that plugs into the mains electricity in the US and detects electrical arcs and prevents house fires. So they joined this same thing a couple of years ago and they shared their early results with State Farm with some of those other members. Tim, you know, went through 100. 1000 homes and currently into about 800,000 homes. And we're, we're, we're very hopeful and confident that if we share our results that we're seeing with US partners in that forum should open up similar opportunities for us.
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