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Providing your customers with safety alarms based on smart smoke detectors, water leakage sensors mitigate risks, lower claims, and increase profitability.

Furthermore, data captured from smart devices helps insurance companies personalize offerings and risk assessment – improving customer loyalty over time.

In short, IoT platforms offer insurance companies greater understanding of consumer behavior they can use to underwrite risks accordingly – better serving individual customers with highly tailored offers.

Essence Group’s complete data-driven IoT platforms enable progressive insurers to lead the pack and enhance customer loyalty, by offering added-value services tailored around individual customer’s behavior and needs.