Co-founder and CEO, Roost
Peeters' company is well-known in insurance for its water-leak sensors and smart batteries that have been distributed by companies including Desjardins, Aviva and USAA. But his long-term goal is to convene a Home Telematics Program that insurers can tap into for insight into what the data these devices collect says about risk, leveraging the pool of information collected by all companies. “To be statistically relevant you need to get 50,000 to 100,000 data years,” says Peeters. “With a limited investment, insurers are able to get access to that in a short period of time.” State Auto signed on as the first carrier in the consortium this year, indicating that the message is resonating in a historically guarded sector.