Hardware Podcasts

What is Insurtech IoT? | Pepper's Scott Ford | Internet of Things Podcast

IoT For All Podcast · 11 Apr 2023 · 16m

What this episode covers

Scott Ford, CEO of Pepper, explains how the insurance industry is transitioning from fragmented point-solution IoT devices to a unified platform approach to improve underwriting and claims reduction. He details the business models, noting that carriers subsidize or discount devices like water shut-off valves and leak detectors, which have become critical given water damage is the number one homeowner's insurance claim. Ford highlights the challenge of low consumer install rates (60-65%) due to lack of utility, and describes how Pepper’s platform integrates these devices with broader home automation to create interoperable ecosystems that provide insurers with real-time risk data.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
Pepper, State Farm, ADT, Notion
Products
water shut off valves, leak detectors, smoke and fire detectors

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