HSB and Flume Join Forces to Revolutionize Home Water Leak Detection for Insurers
HSB has partnered with Flume to enhance its water leak detection services, aiming to significantly reduce the risks and damages associated with household water leaks. This collaboration combines HSB’s expertise as a specialty insurer with Flume’s innovative smart home technology, creating a comprehensive solution to tackle the costly issue of non-weather-related water damage.
About HSB and Its Insurance Solutions
HSB, part of Munich Re, is well-known for its extensive coverage solutions, which include:
- Equipment Breakdown Insurance
- Personal and Commercial Asset Protection
- Technology-Driven Services
With a focus on safeguarding clients’ properties, HSB continuously seeks advanced, connected technologies to enhance its offerings.
Flume’s Innovative Water Management Technology
Flume stands out as a leader in smart home technology, specializing in effective water management systems. Their Home Water Protection Service is pivotal in this partnership, featuring:
- Easy-to-Install Sensors: Connects to existing water meters.
- Real-Time Monitoring: Utilizes Wi-Fi for continuous data transmission.
- Leak Detection Algorithms: Analyzes usage patterns to identify anomalies.
This technology empowers homeowners to manage their water usage more efficiently and receive timely alerts through a mobile app, preventing costly damages.
Aiming to Reduce Water Damage Claims
The partnership between HSB and Flume was established to address the staggering costs associated with non-weather-related water damage, which amounts to over $8 billion in annual claims. HSB’s Chief Technology Officer, John B. Riggs, expressed enthusiasm about the collaboration, stating:
“HSB is pleased to add Flume’s leak detection service to our network of proprietary technologies. This addition aligns with our mission to help customers utilize the latest internet-connected technologies to protect their properties.”
Benefits for Homeowners
Flume’s CEO and co-founder, Eric Adler, emphasized the goal of revolutionizing how insurance clients manage water damage claims. Key benefits for homeowners include:
- Cost Reduction: Aiming to significantly lower water damage claims.
- Smart Water Management: Providing actionable insights to policyholders.
This collaboration not only enhances protective services but also offers greater value and security to clients.
Conclusion
HSB’s partnership with Flume marks a significant step towards minimizing water damage risks. By integrating advanced leak detection technology, both companies strive to provide innovative solutions for homeowners and insurers alike. For more information about HSB’s insurance solutions, visit HSB’s official website.
To learn more about Flume’s Home Water Protection Service, check out Flume’s website.
