Insurance broker Hood tests water-leak detection tech for homes
Insurance broker Hood Group has teamed up with smart home technology firm Lightwave to test a water-leak detection and reaction system. The technology is aimed at insurance companies to help them develop home coverage policies. The system is being piloted in three domestic properties to evaluate its efficacy in detecting water leaks and mitigating the consequences. "We believe the internet of things can have a hugely positive impact in the household market and, as water damage is a huge area of claims for home insurers, we felt where better to start than piloting water-flow sensing technology," said Hood's head of marketing and innovation, Gavin Dobson.
The broker is testing escape of water sensor technology to inform new home insurance propositions.

Hood Group has begun testing a new connected home pilot programme designed to evaluate escape of water sensor technology and inform the development of new home insurance propositions.

The broker said it is working in partnership with smart home provider, Lightwave, and will be running the pilot over the next two months.

Hood Group head of marketing and innovation, Gavin Dobson, explained: "The insurance industry needs to find better ways of insuring people's homes and delivering a better