Home, Property & Casualty Insurers
LeakBot reduces water damage claims by 70%
Preventing small leaks from becoming big claims for home insurers.
Trusted by leading insurers
Solving an industry wide problem
It is widely known that escape of water claims are a big problem for insurers with $17bn a year spent on escape of water losses in US and UK alone.
It’s less well known that over half of these claims are caused by mains water leaks and that the majority are small, hidden leaks that cause damage over a period of time.
Escape of water seems like a great use case for IOT but so far nobody has really cracked the code on how to do it at scale… until now.
A cutting edge, proven solution
LeakBot is the world’s first end-to-end, IoT escape of water claims mitigation solution that already has a proven commercial model and business case for insurers.
End-to-end B2B2C system
>80% self installation rate, micro-leak sensitivity, device and in-home service can be offered for free to homeowners
Patented solution to global problem
Invented, designed and manufactured in Britain. Exported internationally
Proven traction with major insurers
Multiple insurance companies deploying LeakBot across multiple countries
Featured in
Benefits for Insurers
Preventative technology like LeakBot helps insurers minimize risk and improve customer retention. By reducing claims and providing real-time risk assessment, insurers can lower costs while enhancing policy value.
Fewer claims and reduced payouts
Improved underwriting with real-time water usage data
Higher policyholder retention and satisfaction
Differentiation with a proactive protection offering
By integrating LeakBot into your offerings, you provide policyholders with greater security while reducing claims exposure.
This is a win-win solution that strengthens customer relationships and protects both homes and your bottom line.
Benefits for Policyholders
LeakBot helps homeowners avoid the stress and expense of unexpected water damage. With instant alerts and real-time monitoring, they can take action before small leaks become costly disasters.
Prevents costly home repairs
Potential for lower premiums
Instant leak alerts for fast action
Simple installation with no maintenance
Offering LeakBot as part of a policy creates a competitive advantage, positioning your company as a proactive, value-driven provider.
Learn more about our pilot programs
Download our whitepaper
How IoT leak detection is radically reducing water damage claims.
Water damage is the biggest single cause of home insurance claims, accounting for $17 billion of claims every year in the USA and UK.
See how LeakBot is consistently reducing frequency, severity and overall cost of water damage claims.
Independent research provided by:
Frequently asked questions
How does LeakBot benefit insurance providers?
Leakbot helps insurers reduce the frequency and severity of water damage claims by detecting leaks early, preventing costly claims for escape of water incidents. This proactive approach can improve loss ratios, enhance customer satisfaction, and reduce operational costs associated with claims processing.
How does LeakBot integrate with insurance policies?
Insurance providers can offer LeakBot as a value-added service to policyholders, either as a free device to encourage adoption or as part of a premium policy benefit. Some insurers also offer discounts to customers who install and use LeakBot, incentivizing risk reduction.
What data and insights does LeakBot provide to insurers?
LeakBot collects real-time data on water leaks within homes, offering insurers valuable insights into customer risk profiles. This data can help insurers refine underwriting models, adjust pricing based on risk mitigation, and proactively engage customers before a major claim occurs.
What kind of return on investment (ROI) can insurers expect from using LeakBot?
Insurers typically see a reduction in water damage claims, leading to improved profitability. By preventing costly claims, insurers can achieve a positive ROI through lower payouts, improved retention rates due to added policyholder benefits, and potential savings on claims handling.
How easy is it to implement LeakBot into an insurance offering?
LeakBot is designed for seamless integration into insurance policies. The device is easy for homeowners to install, requires no plumbing expertise, and works straight out of the box. Insurers can implement LeakBot as a standalone product or bundle it with policies, with full support from the LeakBot team to ensure a smooth rollout.
Does LeakBot offer pilot programs for insurers?
Yes, LeakBot provides tailored pilot programs for insurers to assess its impact on reducing water damage claims. These pilots help insurers test adoption, claims reduction, and customer engagement before scaling LeakBot as a policy benefit. Full support is provided for setup, data insights, and implementation.
Want to run a pilot?
Want to speak to the team?
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