We are on the verge of smart home revolution. Our homes will be connected to the Internet of Things and a vast range of remote and/or automatically controlled applications will help us organize and streamline our lives. Home automation or “smart home” technology is making inroads through popular consumer solutions and already provides opportunities for underwriters to recognize lower risk factors among customers. As smart home technology evolves, insurers may have the opportunity to utilize real-time telemetric data for the assessment of risk and prevention of loss.
Precision Home Telematics features an intelligent device which analyzes through fuzzy logic the environmental data acquired from its built-in sensors. The data are send to our cloud servers for analysis by our protection platform and the results are available via the corresponding mobile application available in Android and iOS smartphones.
Our solution is designed to offer push notifications in case of an alarming event such as a gas leak or fire, to allow the customer to respond if possible, and reduce the potential damage to his/her property due to this situation. Furthermore, the interaction with the mobile application and the use of the built-in notification system creates loyalty and increases brand awareness for the insurance company.