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 annually and common losses climbing alongside labor and supplies prices. As getting older housing inventory, infrastructure stress and excessive temperature swings expose extra vulnerabilities, conventional danger controls and pricing alone are now 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 related residence applied sciences.
This white paper, Lowering Non-Climate Water Losses Via Good Know-how, 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 information to refine pricing, underwriting and danger 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 householders alike.
On this white paper, you’ll study:
- Why water injury is likely one of the most pervasive and costly challenges dealing with each householders and insurers in right this moment’s market.
- How a research with a serious householders insurance coverage supplier exhibits Moen’s Flo Good Water Monitor and Shutoff may help cut back water insurance coverage declare frequency and declare severity
- What these outcomes may imply on your personal e book 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 middle right into a controllable, information pushed alternative, and place your group on the forefront of the following wave of property danger innovation.
