ROC-Connect makes it easy for insurance providers to take advantage of the smart home/IoT market
ROC-Connect, a leading Internet of Things (IoT) platform provider, is debuting new home safety solutions for insurers, including a Home Safety Kit and a Home Safety Scorecard. The safety kit, which includes smart fire and water sensors, gives consumers a way to monitor their homes remotely to protect from fire, flood and frost. The safety scorecard helps them recognize risks and reduce potential losses.
ROC-Connect offers the safety kit and scorecard to insurance companies as a turnkey solution that includes distribution to the insurers' customers. The new IoT solutions will help insurance providers mitigate risk, reduce claims, improve customer engagement, and generate new revenues.
ROC-Connect's Home Safety Scorecard is powered by CoreLogic, a leading global property information, analytics and data-enabled solutions provider. ROC-Connect uses information from CoreLogic such as property size, location, and other property-related attributes to analyze risk. That information is combined with data from smart home devices such as customer behavior to calculate the Home Safety Scorecard.
"The novel combination of data to produce safety scores along with support and advice can help consumers protect their residences and families," said Dave Pedersen, senior vice president, Strategic Business Development and Innovation at CoreLogic. "It is an exciting new development for the insurance industry, establishing a more personalized relationship while lowering their exposure."