IoT and the Reduction of Claims – Canadian Underwriter

Imagine stopping a leak before it happens? Imagine getting a notification regarding a burst pipe or a leaking appliance and being able to shutoff water to the source before it becomes an issue. Imagine saving thousands of dollars and countless hours not having to deal with water damage? The Internet of Things now provides insights and control to homeowners and property owners never before imagined.
IoT provide proactivity, avoiding future loss and displacement, and significantly impacts the insurance industry. Billions are spent every year in water damage losses to property. With the gains provided by intelligent/smart leak detection and shutoffs, water damage is mitigated, thereby substantially reducing paid claims.
Eddy’s recent article in Canadian Underwriter details the specific gains by Intelligent Water Monitoring technology and how claims can be prevented. Shkya Ghanbarian, Eddy’s Director of Sales and resident InsurTech expert, recently spoke at the Risk and Insurance Management Society Inc (RIMS) 2019 Conference in Boston on this very subject. Her talk detailed actual data from Eddy’s client base including buildings and homes that have proven to stop water damage, preventing the expense and inconvenience of leaks and water damage.
Take a look at Shkya’s article, IoT Solutions and Claims Reductions, on Canadian Underwriter detailing her speaking notes and presentation.
About Shkya Ghanbarian
As Eddy’s Director of Sales, Shkya has always had a passion for training, and has worked with more than 1,000 Ontario Insurance Brokers delivering Eddys accredited training courses. With a criminology degree from York University, she started her career in Customer Service, and within months had transitioned to the role of Corporate Trainer at National Home Services and later Just Energy. Over her nine year career, Shkya has held roles in Human Resources, Sales, Operations, and Customer Service, and is currently leading Eddy’s training and educational initiatives.
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.