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Insurance Innovation Alive & Well at Insuretech Connect!

Eddy Solutions at Insuretech Connect 2019 - Intelligent Leak Detection & Water Monitoring

Eddy was a proud sponsor of Insuretech Connect in Las Vegas

Only a few short years ago, the Insuretech Connect Conference attracted several hundred visitors. This year, the conference hosted over 7,000 attendees, hundreds of exhibitors, and sponsorship from nearly every major organization in the industry – including IBM, EY, Marsh, Deloitte, Aon, and Allstate – to name a few. To say that ITC is huge is an understatement – it’s a conference where Billy Idol performed at the afterparty and top-notch speakers and presentations lined the program – all in the backdrop of the MGM Grand, one of the largest event venues on the strip.
The most apparent part of Insuretech Connect was the sheer appetite for technology. Innovators spanning all aspects of insurance, including new startups showing their Betas to technology giants like Salesforce, demonstrated significant strides in the insuretech industry overall. What’s most encouraging, though, is the interest in insurance carriers in insuretech, taking note of the gains in loss prevention, cost reduction, and customer experience improvements of insurance technology. In fact, most insurance companies are either already investing in insuretech projects or plan to in the immediate to near future.
Loss mitigation and prevention is a significant part of the advantages of Eddy’s system. Water damage in property coEddy Solutions - Intelligent Leak Detection at Insuretech Connectntinues to grow as the largest risk and most common claim, and carriers are looking for proactive solutions to protect their customers’ property and their bottom lines. Intelligent leak detection solutions that include both sensors and shutoffs equip insurers with real-time protection as well as data insights to mitigate acute water damage risks and prevent future events from occurring. Our IQ is an ultrasonic water meter with leading resolution and includes a built-in full port ball valve that provides automatic and remote shut off features. Our wireless H2O sensors track humidity, temperature, and the presence of water. Our Link interfaces with existing meters to track consumption and can be coupled with a shutoff valve for large pipe sizes.
Our team was on hand to meet with insurance companies/carriers as well as brokers and other insuretech leaders to discuss our system and the many advantages of water monitoring systems. As the water bottle sponsor, Eddy received an extra boost of branding that reminded attendees of our connection to water.
Thanks to all the organizers of ITC2019! We’ll see you next year!
About Eddy Solutions
Eddy Solutions is an industry leader in leak protection and water monitoring solutions. Our suite of smart products offers a comprehensive water management system for building operators and homeowners that protects, controls, and conserves water. Our products have saved thousands of customers millions of dollars in damages and millions of litres of water waste by continuously monitoring water usage in their properties. For more details, please contact us at 1 877 388 3339 or email info@eddysolutions.com.

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Paul Pathak​

Director

Paul Pathak is a partner of Chitiz Pathak LLP. Paul practices principally in the areas of corporate, securities, corporate finance, mergers and acquisitions and commercial law. He represents and provides sophisticated guidance to private and public corporate clients in a broad range of industries, including mining, technology, manufacturing, venture capital and merchant banking.

George Krieser​

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George Krieser founded Total Credit Recovery Limited (“TCR”) in 1980 and is the President and Chief Executive Officer. TCR is the largest 100% Canadian-owned and operated collection agency, solely collecting Canadian debt. George previously served as a Director of Universal Energy. He also served as a member of the board of directors of Baycrest Foundation and as a member of the fundraising committee for UJA Federation of Greater Toronto.
Gary Goodman​
Director
Gary Goodman is a Trustee and Chair of the Audit & Risk committee of Boardwalk Real Estate Investment Trust., a former Chairman of Huntingdon Capital Corp., trustee of Gazit America & Brightpath Early Learning, and is a member of the advisory boards of the Vision Funds. Gary was previously Executive Vice President of Reichmann International where he served as a senior financial executive and trusted advisor for over 30 years.

Chris Gower

Director

Chris Gower started his career in construction on the tools – framing houses, where he grew a deep appreciation for the trades. Prior to his current role as Chief Operating Officer, Buildings at PCL Construction (“PCL”), Chris held positions including construction risk manager, senior project manager, district manager and regional vice president. Throughout his more than 25 years at PCL, he has delivered iconic construction projects across Canada, Australia and the United States.

June Thomson

EVP, Sales, Marketing
& Business Development

June joined the Eddy team coming from Enercare after 10+ years in various roles, most recently as Vice President of the North American Builder Division. June has been in the HVAC industry for over 41 years, holding several roles throughout her career from Technician to Provincial Offences Officer.

Saj Khan

COO & President

Sajid Khan helped launch Eddy Solutions and has been in the role of Chief Operating Officer since inception. With more than 20 years of leadership and operational experience in the home services sector, Saj has held roles such as COO of Eco Energy Service, Vice President of Operations at both National Home Services and Universal Energy.

Boris Baril

CFO

With more than 25 years of financial experience, Boris has held both public and private company CFO roles; supported two (TSX listed) initial public offerings (IPOs), debt and equity capital raises, and M&A transactions. Boris graduated from York University and is a CPA, CA.

Mark Silver

CEO & Chairman

Mark L. Silver is President of Optus Capital Corporation. Mr. Silver has made significant real estate investments in both development stage and income producing properties in the residential, commercial and industrial sectors over his 35 year business career. Over the last 22 years, these investments have been made through his company, Optus Capital Corporation. Mr. Silver was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. He co-founded Direct Energy Marketing and grew the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000.