HSB, a part of Munich Re, has collaborated with Flume to supply its residence water leak detection answer to insurance coverage purchasers.
The corporate will refer the answer to insurance coverage carriers and companions that may distribute the providing to householders.
Flume’s House Water Safety Service helps 24/7 water circulate monitoring with Wi-Fi connectivity together with a single sensor related to the water meter.
It gives 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 stated: “The addition of Flume’s water circulate sensor system helps HSB’s mission to assist prospects use the newest internet-connected applied sciences to guard their property and possessions. Flume’s House Water Safety Service offers householders peace of thoughts by serving to to stop and mitigate water leaks that may trigger vital injury.”
Flume CEO and cofounder Eric Adler stated: “Flume is happy to companion with HSB to revolutionise how insurance coverage purchasers mitigate water injury claims. HSB is a pioneer within the ‘join and defend’ motion throughout the insurance coverage business, making this collaboration an unimaginable alternative.
“By our House Water Safety Service, powered by a single Flume good water sensor, we goal to dramatically scale back these claims whereas additionally offering a sensible water administration answer to policyholders.”
HSB choices consists of tools breakdown insurance coverage, sensor-based Web of Issues (IoT) options and providers backed by AI.
In March 2024, the corporate launched Cyber for Auto, a cyber insurance coverage answer designed to guard private information in related autos.
