Notion is the leading partner for smart property monitoring. Their mission is to help de-risk a property and reduce the complexities of property ownership by empowering owners to monitor their spaces and most valued possessions. Through partner programs, Notion helps insurance carriers, agents and service providers provide value to their customers with Notion’s DIY smart home technology. The easy-to-use Notion system, powered by a multifunctional sensor and app, drives customer acquisition, changes user behavior, increases positive points of engagement, reduces insurance claims, and enables customized products/pricing. Partners include Hippo Insurance, Nationwide, Travelers, Brotherhood Mutual, Comcast and more.
Millennials, known for their digital-savvy preferences, are helping spur the adoption of smart home technology, with forecasts predicting that 48% of U.S. households will use smart home devices by 2025.
Water damage is one of the most common types of insurance claims, with roughly one in every 50 homeowners filing a water damage or freezing claim each year.
Independent insurance agents are thinking about what they can do to differentiate themselves from competitors when generating new leads and retaining current customers. Smart technology can be a powerful tool to help an agent stand out with lower prices and more engaging experiences.
Successful implementation of a phased approach has large payoffs and allows carriers to take a proactive stance with the customer relationship through smart IoT.
The insurance industry is struggling with greater levels of churn, as more people are willing to switch carriers and customers' expectations are rising. Replacing customers is a large expense: the cost can be five to 25 times more than retaining an existing customer.
Company Info
Notion
Notion is the leading partner for smart property monitoring. Their mission is to help de-risk a property and reduce the complexities of property ownership by empowering owners to monitor their spaces and most valued possessions. Through partner programs, Notion helps insurance carriers, agents and service providers provide value to their customers with Notion’s DIY smart home technology. The easy-to-use Notion system, powered by a multifunctional sensor and app, drives customer acquisition, changes user behavior, increases positive points of engagement, reduces insurance claims, and enables customized products/pricing. Partners include Hippo Insurance, Nationwide, Travelers, Brotherhood Mutual, Comcast and more.
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