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Mar 22, 2019

“It’s more likely that a homeowner will have to file a claim for water damage than fire and theft combined.” - Gabriel Halimi

(click to tweet)

A whole economy exists after the claim has been made.

From adjusters to call centers, carriers to providers—this ecosystem of service and transaction defines the insurance claims space.

But what happens when technologies get introduced that lessen the chance for a claim ever needing to be made?

On today’s episode of the FNO: InsureTech, we are joined by CEO and Co-founder of Flo Technologies—Gabriel Halimi. Flo is a first of its kind water control and monitoring service that proactively detects microleaks and other vulnerabilities anywhere in a home water system (thus, reducing the need for claims.) Gabriel’s father, Henry Halimi, invented the technology—with his 25 years as a fluid mechanics engineer, plumbing manufacturer, and inventor.

Tune in to this episode to hear Gabriel’s technology and plumbing-centric insights!

“People make good decisions when they have better data.” - Gabriel Halimi

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The FNO: Tips

  • Leaks and water damage are the most common cause of preventable home damage
  • Similar to a heart attack, there are many indicators for future water damage
  • The EPA estimates that 13% of household water nationwide is lost to leaks (over a trillion gallons/year)
  • Insurance companies see water claims as an indicator for future claims, as the fixes are typically just band-aids
  • Look at the number of industries a company can benefit when assessing value  

Fourseventy Claim Management