Roost, a company that makes smart-home devices like water-leak sensors and internet connected batteries, is trying to launch a Home Telematics Consortium of insurers to aggregate and analyze smart-device data for insurance use.
The company teamed up with Willis Towers Watson on the effort. Insurers who join the Consortium will get 10,000 Roost technology kits, each including two water-leak sensors and one battery, to distribute to selected policyholders. Willis will then run analytics on the data to identify opportunities for insurance product enhancement.
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