The proven IoT water leak solution that mitigates water damage and can deliver year 1 ROITalk to us
It’s widely known that escape of water claims are a big problem for insurers with $16bn a year spent on escape of water losses in US and UK alone. It’s less well known that over half of these claims are caused by mains water leaks and that the majority are small, hidden leaks that cause damage over a period of time. Escape of water seems like a great use case for IOT but so far nobody has really cracked the code on how to do it at scale… until now.
LeakBot is the world’s first end-to-end, IoT escape of water claims mitigation solution that already has a proven commercial model and business case for insurers.
LeakBot is the first end-to-end claims mitigation solution. The proposition for insurers consists of an easy-DIY-install consumer device and smartphone app, insurer dashboard and full Find & Fix field-service solution.
Detecting leaks is only part of the solution. Our network of specialist leak engineers all carry patented leak-location technology that guarantees the mains water supply is leak-free when they leave.
LeakBot has a validated commercial model that has been proven and replicated multiple times in market. The model is designed to deliver a Year 1 ROI of 15% and over 40% ROI over 5 years.
LeakBot was the proud winner of the DIAmond Award at this year's Digital Insurance Agenda in Amsterdam. Watch our keynote and see how LeakBot’s unique end-to-end solution is already working alongside leading insurers to mitigate water damage claims.
Great little gizmo which I got through my Hiscox policy. I am not very DIY savvy to say the least but it was pretty easy to set up though, initially, I wasn't entirely sure I had done it correctly but I did start to get regular readings. Today I got an email saying my water usage was up and perhaps I should check my taps etc. In fact my wife had given the garden it's first serious watering of the year so far - and Leakbot picked it up! Terrific service.
What an amazing device. My wife left the outside tap dripping. Shortly after, I got an alert from Leakbot advising me of a possible leak. Checked taps, found dripping tap and turned it off. Fantastic... If that had been a leak in the system, it would have alerted me immediately possibly saving serious water damage. Fantastic device...
LeakBot picked up that there were 2 leaks in my home. The engineer arrived and very quickly identified that the leaks were coming from the loft. The main leak was coming from a crack in the cold water tank. I am so pleased that I installed the LeakBot. I wouldn’t have known about the leak until extensive damage occurred so this has saved me a huge amount of money, stress and inconvenience
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Topdanmark, the second-largest insurance company in Denmark, offers a wide range of policies to customers around the country including house insurance for many Danish homeowners.
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