Co-founder and CEO, Roost

Digital Insurance - - THE INNOVATORS -

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.