WINT's Water Intelligence was recognized by the Insurance Times for its impact in reducing water damage risk and insurance claims.

February 3, 2020

Water intelligence technology provider WINT Water Intelligence has won gold at the Insurance Times Awards in London. The gold award for the Excellence in Technology – Claims category went to WINT’s artificial-intelligence-powered solution, which lets insurers, facilities managers, and construction and building services contractors reduce water damage risk and claims. WINT Water Intelligence picked up the award with one of its U.K. partners, Aqualytics, which provides on-the-ground customer service for WINT technology.

WINT’s technology helps construction projects, existing buildings and estates, and newly built facilities avoid water damage-related claims by identifying anomalies, leaks, and waste at the source, alerting facilities managers and shutting off water supplies when necessary.

The U.K. Society of Claims Professionals states in “Escape of Water – Good Practice Guide for Claims Professionals” (January 2019) that “escape of water” has become a common and significant issue. According to the Association of British Insurers, the total cost of escape of water claims has increased year on year by 28%, and insurers are paying out nearly $5.1 million per day on claims in the U.K. alone.

The Excellence in Technology – Claims category recognizes solutions that improve internal and external operational and administrative claims processes in the insurance market. The judges, made up of leaders in the insurance market, were looking for tangible evidence that technology has improved operational efficiencies, claims processes, customer services, and business administration.

The judges described WINT as “a cool product – honest, clear and knows the market. We need something like this in our businesses.”

WINT uses artificial intelligence (AI) and pattern matching to detect water leaks and waste. It continuously learns and adapts to a building’s water network to ensure detection and prevention are optimized for each site. WINT devices are fully autonomous and will continue to operate even regardless of network coverage.

SOURCE FACILITY EXECUTIVE 

Media

Taxonomy

• Leakage Detection
• Leakage Reduction
• AI
• pipeline leak detection