Insight Risk Technologies designed and managed a multi-vendor IoT strategy for a new multi-family development project to meet insurance requirements.

Insight Risk Technologies is forging better outcomes in Builder’s Risk insurance for policyholders and carrier partners through a unique model incorporating IoT water damage protection solutions, comprehensive underwriting, and proactive risk management that minimizes construction losses and maximizes financial performance, Insight Risk designs and deploys non-intrusive environmental sensor systems on every construction job site to monitor conditions 24/7 and provide early warning of potentially catastrophic events, especially those that occur during off hours. Our projects show up to a 90% reduction in water damage losses, which are the number one source of financial loss and delay on vertical construction. Our team comprises professionals with over 150 years of combined experience in insurance, technology, construction, and claims, each with a long track record of innovation and success. Although our focus is on risk control and mitigation, we also employ digital solutions from submission to claims handling, delivering a lower cost of risk to our policyholders and superior returns to our carrier partners. Insight Risk is a proud member of the International Risk Management Institute (IRMI), Inland Marine Underwriters Association (IMUA), University Risk Management and Insurance Association (URMIA), The Risk Management Society (RIMS), and Associated General Contractors of America (AGC).

Founded 2021