Non-weather water losses are quietly eroding profitability for American property insurers, with one in 60 insured properties submitting a water injury or freezing declare annually and common losses climbing alongside labor and supplies prices. As getting old 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, more durable reinsurance conversations and a rising aggressive hole in opposition to friends who’re already leveraging linked residence applied sciences.
This white paper, Lowering Non-Climate Water Losses By means of Good Expertise, shares unique findings from a restricted case research performed by Moen in partnership with a serious nationwide residence insurer. It particulars how the Moen Flo Good Water Monitor and Shutoff helps cut 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 note how program design, gadget 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 study:
- Why water injury is without doubt one of the most pervasive and costly challenges dealing with each owners and insurers in at present’s market.
- How a research with a serious owners insurance coverage supplier exhibits Moen’s Flo Good Water Monitor and Shutoff might help cut back water insurance coverage declare frequency and declare severity
- What these outcomes may imply in your personal e-book of enterprise – together with potential financial savings if comparable efficiency is achieved.
Obtain the white paper at present to see how good water know-how can rework 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 subsequent wave of property danger innovation.
