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 Dwelling Water Safety Service helps 24/7 water move monitoring with Wi-Fi connectivity together with a single sensor related to the water meter.
It provides insights on utilization and sends leak alerts by way of a cellular app utilizing algorithms.
HSB chief expertise officer and utilized expertise options senior vice-president John B. Riggs stated: “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 Dwelling Water Safety Service offers householders peace of thoughts by serving to to forestall and mitigate water leaks that may trigger vital harm.”
Flume CEO and cofounder Eric Adler stated: “Flume is worked up to associate with HSB to revolutionise how insurance coverage purchasers mitigate water harm claims. HSB is a pioneer within the ‘join and defend’ motion inside the insurance coverage business, making this collaboration an unbelievable alternative.
“By way of our Dwelling Water Safety Service, powered by a single Flume sensible water sensor, we goal to dramatically scale back these claims whereas additionally offering a wise 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.
