Inside the development of American Modern's new IoT pilot
Insurance provider American Modern knows that fire and water damage are the highest causes of loss for policyholders. But only the former really has consumers’ attention; in fact, water-related losses are sometimes called the silent killers, because damages don’t immediately come to light despite often requiring expensive, intrusive fixes.
With that pain point in mind, along with the knowledge that most consumers are aware of the need for safety devices like security monitors, motion sensors, and cameras, the company began to search for technology that would provide a solution for customers.
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