Roost Debuts Commercial Property Telematics Solution

Building on Roost’s success in personal property insurance, the wireless solution is designed to help commercial insurers lower water and fire costs, increase customer engagement and collect actionable data.

(Photo credit: Tuxyso.)

Roost, a Sunnyvale, Calif.-based provider of home telematics solutions for property insurance carriers, has announced a new Commercial Property Telematics Solution. Roost describes the new offering as a turn-key white label solution is designed specifically to address the needs of the SMB commercial insurance property market at an affordable price.

Roel Peeters, CEO, Roost.

Roosts sensor-based, wireless online protective solution for property owners delivers 24/7 proactive alert management focused on water leak, temperature, power outage and fire/CO alarm situations.  The solution also includes a white label mobile app that enables an engaging branded offering for the carrier and its customers.

Roost reports key features of the new commercial solution as follows:

  • 24/7 alert management service: Reliable proactive service ensures that the right person receives the emergency alert at the right time.  Allows you to take appropriate action to mitigate losses.
  • Long range proprietary wireless solution: Commercial grade wireless technology enables extended range of sensors 5X greater than traditional Wi-Fi.  Perfect for typical properties up to 25,000 square feet.
  • Maximize adoption rate: New “Zero-Install” technology enables initial connection in less than 30 seconds.  “Just Plug It In” for a simple DIY installation.

Benefits that insurers can enjoy by providing the Roost solution to their policyholders include the following, according to the vendor’s description:

  • Lower water and fire loss costs: Cut annual claims cost through proactive steps to save millions each year.
  • Higher customer engagement: White label mobile app provides relevant and actionable insurance company branded communications.
  • Actionable Data: The solution captures over 12 new real-time data elements from inside the property for better risk evaluation and pricing.

“We are thrilled to announce our new Commercial Property Telematics solution,” comments Roel Peeters, co-founder and CEO, Roost. “The development of this complete solution underscores Roost’s commitment to building affordable sensor-based solutions for the P&C insurance industry.  We’ve built upon our proven technology and experience in the personal property insurance market to deliver a new platform that is appropriate for small commercial properties.  We worked with our existing insurance partners to develop this solution that has compelling value to both insurer and property owner.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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