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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.
Shkya Ghanbarian of Eddy Solutions at RIMS 2019IoT 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.

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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​

Director

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.