Insurtech

Make your insurance business intelligent with a customized IoT solution to keep your market share, retain your existing customer base, acquire new customers, and lower your payouts.

Insurtech

Make your insurance business intelligent with a customized IoT solution to keep your market share, retain your existing customer base, acquire new customers, and lower your payouts.

The need for smart insurance

As witnessed in most industries, the market share of incumbents in the insurance industry is at risk due to the emergence of new innovative players. More and more technology-led companies with a customer-centric approach are currently entering the insurance industry, giving rise to a new age of insurance and creating a competitive threat to traditional insurance companies.

Keeping up with the latest trends within the sector and adapting to digital insurance innovations is more crucial now than ever in relation to customer acquisition and retention. User experience and personalized offerings need to be among the primary concerns of insurance companies in order to fulfill the needs of today’s customers.

It is time now for insurance companies to benefit from the possibilities of IoT technology and turn digital innovations into opportunities instead of competitive threats.

How can I get started?Get to know your options

The fast track to intelligent insurance

Building an intelligent insurance solution from scratch might seem overwhelming. You will most likely end up spending an unnecessarily large amount of time and capital on product development. To shorten the time to market of your insurtech solution, Develco Products offers you a market-ready and certified product platform. The mature platform is tested and validated in large volumes. All devices in the platform are white label products, meaning that you can add your brand and make them your own.

Explore all the customization options

From the beginning of your project, you will be provided with professional technical support from our experts in wireless technology. You will also benefit from the high level of quality, competencies, and capacity throughout our development processes and supply chain.

In addition, you will get access to software development tools, which enable you to easily build your software on top of our platform.

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Innovation in insurance
Smart insurance for home owners

Personalized insurance services

Insurance solutions integrating IoT technology can be used in both private and commercial buildings. Develco Products’ product portfolio, including a wide range of IoT devices, allows you to integrate the products that fit your customers’ needs into your solution. To connect the devices in your solution, the Squid.link gateways, secure and reliable gateways, give you a great level of flexibility when designing your smart insurance solution.

Take a look at the IoT devices ideal for insurtech solutions

With the data provided by IoT devices, you can get extensive knowledge about where damages happen in the building of your customers. Based on this data, you can optimize the profitability of your business as insurance payouts can be lowered. At the same time, you can offer your clients tailored discounts if they have a low risk of damages, making your services more attractive and helping you retain your customers. With personalized and proactive insurance offerings, you will strengthen the relationship between your company and your customers and increase the level of trust and loyalty.

See how easy it is to get started with your Insurtech solution.

Minimize damages and insurance payouts with intelligent devices

Water leaks and damages make up the majority of costs for insurance companies. With a Water Leak Detector installed in your customers’ home, water leaks can be detected as soon as they are happening, minimizing costly water damages and insurance payouts. The Vibration Sensor is useful in detecting vibration in piping, allowing your customers to quickly identify blockages that could end up causing severe damage.

The installation of Smoke Alarms and Heat Alarms ensures that fires are recognized immediately and can be fought as soon as possible to reduce damage to buildings.

By integrating Humidity Sensors or Air Quality Sensors, your insurtech solution can protect valuable personal belongings or other humidity-sensitive items from damage.

With the Motion Sensor Mini and the Window Sensor monitoring the home or commercial building, a break-in is quickly detected, allowing for action to be taken immediately. To detect burglaries, the Vibration Sensor will notify your customer if a window is shattered.

Get to know the insurtech products further

Customer retention

Retain your customers

Become an active service partner in your customers’ life, instead of only being present when accidents happen, in order to drive customer engagement and retention.

Competitive advantage

Get ahead of your competition

Do not get left behind in currently emerging innovations in the insurance industry. Take advantage of the IoT to provide valuable offerings to the growing number of digitally savvy customers.

Attractive insurance services

Make your services more attractive

Customize your insurance services according to your customers’ specific needs. Meet the increasing norm in customer expectations to get instant digital transactions when in need.

Low insurance payouts

Lower your insurance payouts

Enable pro-active maintenance of insured items, allow your customers to detect accidents early on to help prevent costly damages, and reduce your insurance payouts.

Interested in getting your own Insurtech solution?

The business developers' guide to the innovative and competitive insurtech solution of the future

The business developers' guide to the innovative and competitive insurtech solution of the future

Do you want to future-proof your insurance business and avoid becoming obsolete?

This guide provides you with 5 key considerations that you should contemplate when deciding to innovate your insurance business with the IoT.

Download the guide and take the first step towards turning technological innovations into opportunities instead of competitive threats.

Download guide

News

Read the latest news about the insurtech field. Get all the insights here.

Insurtech news
Insurtech products

Insurtech products

By basing your insurtech solution on white label devices, you will be able to launch your solution before your competitors. All devices offered by Develco Products are secure, thoroughly tested, and customizable, making them a perfect fit for your insurtech solution.

Explore the devices

Selected customer cases

For more than 10 years, Develco Products has helped companies entering the IoT industry. Read a selection of our customer cases by clicking below.

Read cases

Develco Products customer cases
Christoffer Kyk, Account Manager for Insurtech
Christoffer Kyk
Account Manager

Do you want to get started with your own Insurtech solution? Get in touch.

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