Non-weather water losses are quietly eroding profitability for American property insurers, with one in 60 insured houses submitting a water injury 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 threat controls and pricing alone are now not sufficient. Carriers that fail to get forward of non-weather water losses threat margin compression, more durable reinsurance conversations and a rising aggressive hole in opposition to friends who’re already leveraging related house applied sciences.
This white paper, Decreasing Non-Climate Water Losses By Sensible Know-how, shares unique findings from a restricted case examine carried out by Moen in partnership with a serious nationwide house insurer. It particulars how the Moen Flo Sensible Water Monitor and Shutoff helps cut back each the frequency and severity of non-weather water claims, whereas giving insurers richer telematics information to refine pricing, underwriting and threat engineering. You will note how program design, system deployment and information 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 injury is without doubt one of the most pervasive and costly challenges going through each owners and insurers in in the present day’s market.
- How a examine with a serious owners insurance coverage supplier reveals Moen’s Flo Sensible Water Monitor and Shutoff might help cut back water insurance coverage declare frequency and declare severity
- What these outcomes might imply in your personal e book of enterprise – together with potential financial savings if related efficiency is achieved.
Obtain the white paper in the present day to see how sensible water expertise can remodel non-weather water losses from a cussed price heart right into a controllable, information pushed alternative, and place your group on the forefront of the following wave of property threat innovation.