Contact person: David Henry
Email address: [email protected]
Contact number: 510-708-3164
The Digital Insurer Startup InsurTech Award
Roost is an insurtech company focused on disrupting the traditional Property Insurance model through our “Telematics for the Home” approach. We are the lowest entry point into the smart home market with a $30 smart 9V battery that transforms smoke alarms into smart alarms and a smart water leak & freeze detector for less than $40. Both provide peace-of-mind to homeowners and rich data to insurers. We deliver these affordable, easy to install Wi-Fi devices throughout the home with our co-branded mobile app and cloud based notification solution.
Roost’s primary GTM approach is through Insurance companies deploying directly to their policyholders. The effect is a reduction in claim cost expenses (Fire and Water perils costing $20B/year in US) as well as driving policyholder engagement through a content rich, digital mobile app experience, impacting retention and customer acquisition. Over the past 18 months, Roost has established a leadership position in the Home Telematics segment with their deployment of more than 100,000 smart sensors in the homes of policyholders of 12+ Insurance partners in North America and Europe. Roost is focused at changing the way home insurance models assess risk and pricing on a real-time basis for each home. In addition, Roost is creating a new model for insurers to build engagement through “digitally connected policyholders”.