Horizon policyholders to get leak sensors

Insurance Business Magazine | December 03, 2019

Horizon policyholders to get leak sensors
With Association of British Insurers data showing escape of water claims made up nearly a third (30%) of all domestic household claims in 2018, Horizon (UW) Limited has decided to address the issue by partnering with smart-home specialist Hive. Horizon, which underwrites on behalf of a consortium of insurers led by Legal & General, will be including the Hive Leak Sensor in all its policies starting January 01 next year for new business and from February 01 for renewals. The goal of the Worcestershire-based underwriting agency is to tackle escape of water, the cause of approximately £1 billion in damages last year. Commenting on the tie-up, Horizon founder and chairman Richard Pexton stated: “Horizon’s partnership with Hive marks an important step forward for household insurance in changing normal practice from repair and replace to predict and prevent.

Spotlight

Cognizant helped EmblemHealth fasten its claims-processing by bringing in robotic process automation (RPA) to mimic human judgment and decision making. This helped EmblemHealth pay claims on time, reducing provider escalations and decline in interest penalties. This video talks about the success of this digital transformation.

Spotlight

Cognizant helped EmblemHealth fasten its claims-processing by bringing in robotic process automation (RPA) to mimic human judgment and decision making. This helped EmblemHealth pay claims on time, reducing provider escalations and decline in interest penalties. This video talks about the success of this digital transformation.

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