Non-weather water losses are quietly eroding the profitability of U.S. property and casualty insurance coverage firms, with 1 in 60 insureds submitting a water or freeze declare annually, and common losses rising with labor and materials prices. An ageing housing inventory, pressured infrastructure, and excessive temperature fluctuations will expose us to much more dangers. vulnerability, Conventional danger administration and pricing alone is now not enough. Carriers that fail to pre-empt non-weather water losses danger compressing revenue margins, tightening reinsurance negotiations, and widening the aggressive hole with friends which are already leveraging linked dwelling applied sciences.
This white paper, “Lowering Non-Climate Water Loss with Good Know-how,” shares distinctive findings from a restricted case research carried out by Moen in partnership with a significant nationwide dwelling insurance coverage firm. Be taught extra concerning the Moen Flo sensible water monitor and tips on how to shut it off. assist It reduces each the frequency and severity of non-weather water claims, whereas offering insurers with wealthy telematics information to enhance pricing, underwriting, and danger engineering. See how program design, gadget deployment, and information insights work collectively to rework reactive claims processing into proactive loss prevention, leading to higher outcomes for carriers, brokers, owners, and extra.
On this whitepaper, you’ll study:
- Why water injury is without doubt one of the most pervasive and dear challenges going through each owners and insurance coverage firms in at present’s market.
- Examine with main owners insurance coverage firm reveals how Moen’s Flo sensible water monitor and shutoff helps cut back water insurance coverage declare frequency and declare severity
- How these outcomes will impression your operations – together with potential financial savings if related efficiency is achieved.
Obtain the white paper at present to learn the way sensible water expertise can remodel non-weather-related water loss from a cussed value middle right into a controllable, data-driven alternative, positioning your organization on the forefront of the following wave of actual property danger innovation.
