InsurTech Spotlight: Alert Labs

Chisel

Company: Alert Labs

Website: alertlabs.com

Business Category: A technology provider of InsurTech tools to insurance practitioners

Maturity Status: Startup (less than 3 years since product went into production)

Product or Service: Smart Building Sensors for Water Monitoring, Leak and Flood Protection

Area: Property & Casualty insurance

Alert Labs designs and manufactures a suite of smart building sensors that are on the cutting edge of property protection. The sensors are easy to install and use, and do not require WiFi. They connect to a cellular network to provide real-time monitoring and 24/7 alerts with analytics to reduce property damage, repair costs and utility bills for residential and commercial properties.

What makes us an InsurTech:

The cellular connection and backup battery enable these IoT sensors to provide secure 24/7 monitoring and instant alerts for assigned users – even during a power outage. Policyholders can prevent leaks and floods to reduce claims. Insurance companies can gain insight into risk types and water loss claims to protect against recurring losses and future claims.

Major features & technology used:

Minute-by-minute data is collected according to the sensor type. The platform learns normal usage patterns and provides instant alerts and 24-hour monitoring for all assigned users. Machine Learning (ML) and predictive analytics generate actionable insights through the Alert Labs Dashboard and Mobile App.

News & Updates

See the latest Alert Labs news.

About Alert Labs

Alert Labs Inc. is a software, hardware, and IoT technology firm in Kitchener, Ontario, Canada. The experienced team designs and manufactures a suite of smart sensors that are on the cutting edge of property protection. These easy-to-use sensors use a cellular connection to provide real-time monitoring and 24/7 alerts with powerful analytics to reduce utility bills, property damage and repair costs for residential and commercial properties. The company partners with property managers, insurance companies, municipalities, schools and other organizations throughout North America. For more information, please visit alertlabs.com.

Source: Alert Labs

→ back to the InsurTech Spotlight index