HSB, a part of Munich Re, has collaborated with Flume to supply its residence water leak detection answer to insurance coverage shoppers.
The corporate will refer the answer to insurance coverage carriers and companions that may distribute the providing to owners.
Flume’s House Water Safety Service helps 24/7 water move monitoring with Wi-Fi connectivity together with a single sensor related to the water meter.
It presents insights on utilization and sends leak alerts through a cell app utilizing algorithms.
HSB chief know-how officer and utilized know-how options senior vice-president John B. Riggs mentioned: “The addition of Flume’s water move sensor system helps HSB’s mission to assist prospects use the most recent internet-connected applied sciences to guard their property and possessions. Flume’s House Water Safety Service provides owners peace of thoughts by serving to to stop and mitigate water leaks that may trigger vital injury.”
Flume CEO and cofounder Eric Adler mentioned: “Flume is happy to companion with HSB to revolutionise how insurance coverage shoppers mitigate water injury claims. HSB is a pioneer within the ‘join and shield’ motion inside the insurance coverage trade, making this collaboration an unbelievable alternative.
“By our House Water Safety Service, powered by a single Flume sensible water sensor, we goal to dramatically cut back these claims whereas additionally offering a sensible water administration answer to policyholders.”
HSB choices contains gear breakdown insurance coverage, sensor-based Web of Issues (IoT) options and companies backed by AI.
In March 2024, the corporate launched Cyber for Auto, a cyber insurance coverage answer designed to guard private information in related automobiles.
