Non-weather water losses are quietly eroding profitability for American property insurers, with one in 60 insured properties submitting a water harm or freezing declare every year and common losses climbing alongside labor and supplies prices. As ageing housing inventory, infrastructure stress and excessive temperature swings expose extra vulnerabilities, conventional danger controls and pricing alone are not sufficient. Carriers that fail to get forward of non-weather water losses danger margin compression, harder reinsurance conversations and a rising aggressive hole in opposition to friends who’re already leveraging linked house applied sciences.
This white paper, Lowering Non-Climate Water Losses By way of Good Expertise, shares unique findings from a restricted case examine performed by Moen in partnership with a serious nationwide house insurer. It particulars how the Moen Flo Good Water Monitor and Shutoff helps scale back each the frequency and severity of non-weather water claims, whereas giving insurers richer telematics knowledge to refine pricing, underwriting and danger engineering. You will notice how program design, machine deployment and knowledge insights work collectively to show reactive claims dealing with into proactive loss prevention, delivering higher outcomes for carriers, brokers and owners alike.
On this white paper, you’ll be taught:
- Why water harm is likely one of the most pervasive and costly challenges going through each owners and insurers in right this moment’s market.
- How a examine with a serious owners insurance coverage supplier reveals Moen’s Flo Good Water Monitor and Shutoff may help scale back water insurance coverage declare frequency and declare severity
- What these outcomes might imply in your personal ebook of enterprise – together with potential financial savings if comparable efficiency is achieved.
Obtain the white paper right this moment to see how sensible water expertise can remodel non-weather water losses from a cussed price heart right into a controllable, knowledge pushed alternative, and place your group on the forefront of the following wave of property danger innovation.
