Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

EVRYTHNG’s IoT Smart Products Platform – Smart solutions for insurance companies

[ff_author_box_style2]

In Action Summary

Evrythng is a U.S based IoT platform that gives physical objects an online identity. This facilitates the exchange of data in real-time throughout a product’s lifecycle, thus allowing consumers to control household appliances and personal possessions remotely in addition to enabling insurers to lower loss ratios for home and property insurance lines. Specifically, Evrythng’s P&C insurance solution is built on a network of pre-integrated devices from smart home partners such as Jasco, iHome, Nest and First Alert. The smart home solution – Evrythg’s Insurance Pilot Kit – can be fully customised, allowing insurers to create and test what works best for them, while saving time and money on implementation.

EVRYTHNG delivers the following benefits to insurance companies:

  • Offer smart home solutions that allow consumers to control physical devices remotely.
  • Provides IoT technology under their own brand identity.
  • Provides usage based home property insurance premiums and reduces loss ratios through preventive sensors and alerts.

The central component in the Evrythng IoT architecture is the Active Digital Identity (ADI). These ADIs are programmable software profiles that generate real-time data and capture everything that happens to, or about, a given product.

 

EVRYTHNG with its offering is transforming physical products to digital, enabling insurers to offer policies that come with a layer of tailored digital services and personalized connections

EVRYTHNG’s P&C Insurance Solution allows consumers to control smart objects remotely and enables insurer the chance to lower loss ratios

Niall Murphy, CEO and Co-founder of EVRYTHNG has encapsulated their philosophy: “In a connected world, connected products can revolutionize the value they can provide. Developing and maintaining bespoke integrations with multiple smart home environments should not be a time-consuming and costly process. EVRYTHNG simplifies this complexity by offering out-of-the-box connectors”.

Ultimately, the ability to monitor and manage appliances and possessions in real time will increase the functionality and lifespan of products whilst lowering the cost of upkeep and replacement. For insurers, the value is clear; preventive cost reduction and self improvement opportunities for the consumers.

References

Comments

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in