InsurTech Spotlight: Eddy Solutions

Eddy Solutions

Company: Eddy Solutions

Website: eddysolutions.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: Intelligent Water Monitoring and Leak Protection

Area: Property & Casualty insurance

Business description:

Eddy Solutions is an industry leader in intelligent leak protection and water monitoring solutions. Our suite of smart products offers a comprehensive water management system for building operators and homeowners that protects, controls, and conserves water. Our products have saved thousands of customers millions of dollars in damages and millions of litres of water waste by continuously monitoring water usage in their properties.

What makes us an InsurTech:

IoT-powered water monitoring solutions that utilize LoRaWAN technology to ensure maximum connectivity, real-time monitoring systems that alert customers to issues, and access to individual and aggregate data.

Major features & technology used:

AI and predictive analysis (using behavioural learning, our systems understand the unique water usage for households) and industry leading LoRaWAN technology for maximum connectivity.

About Eddy Solutions

Eddy Solutions’ system provides data and insights into water consumption. Whether you manage a large portfolio, a single building, or are a homeowner yourself, Eddy has you covered with real-time information and shutoffs to protect against your biggest risk.

Eddy doesn’t just inform, it acts to mitigate water damage in real-time. Our systems learn to identify anomalies through sensory and flow data while reporting key data to building operators through our platform and 24/7 monitoring centre. With our Property Manager’s Dashboard, users have real-time insights and visibility to effectively protect tenants, while uncovering operational efficiencies.

In a home, our system is installed on the water main, tracking all usage and immediately notifying of issues and abnormalities. Our My Eddy App provides the user with the ability to monitor consumption, track changes, and remotely shut off the home’s water for protection and control.

For more information, please visit eddysolutions.com.

Source: Eddy Solutions