Leader in intelligent leak protection awarded by Insurance Nexus

Toronto, ON -- (SBWire) -- 07/11/2018 --Eddy Home, Canadian manufacturer of smart water monitoring and leak protection solutions was recently awarded a 2018 AI Pioneer Award by Insurance Nexus at the Insurance AI and Analytics USA Summit in Chicago on June 27 and 28.

Insurance Nexus is the central hub for insurance executives, offering in-depth industry analysis, targeted research, niche events, and quality content, and provides platforms to network, discuss, learn and shape the future of the insurance industry. Hosting several Insurance AI events each year in Europe and North America, their most recent AI event showcased InsurTech innovations, including the 2018 AI Pioneer Award winners.

"It's a huge honour to be recognized as an Insurance AI pioneer," said Venky Weylagro, VP of Sales at Eddy, who accepted the award at the Chicago conference. "Our focus on intelligent water monitoring – integrating AI specifically – to detect anomalies in water usage patterns has allowed us to create a service that truly considers the customer experience without compromising leak protection for buildings and homes."

Eddy's leak protection solution includes the Eddy IQ, a device installed on a water main that tracks usage and includes a remote and automatic shutoff, and Eddy H2O sensors which are placed in various locations near water sources to pinpoint the exact location of leaks or other issues. An app and dashboard are included depending on the application, and users can track their water consumption in real time as well as act immediately when issues are detected. Eddy's suite of products also includes the Link, a non-intrusive technology that complements existing meter infrastructure and integrates with a shutoff valve available in sizes up to 18 inches for commercial and industrial applications.

"We were thrilled with how the industry engaged with us on the AI Pioneers awards. There is clearly a huge focus on innovation in insurance right now, particularly where AI and automation are concerned. Carriers and technology providers must work together to create the best products and services and we hope to continue inspiring innovation by celebrating those who are leading the way!" commented Mariana Dumont, Head of New Markets at Insurance Nexus.

"Our intelligent technology not only enables users to mitigate damage with shutoffs, but just as importantly provides insurers with home telematic data which revolutionizes the industry's ability to analyze usage data, ensure accurate claims, and ultimately build a more complete risk profile for each customer," added Sam Boyajian, President of Eddy.

About Eddy
Eddy is a leading provider of intelligent water monitoring and flood/leak detection, protecting multi-dwelling units, commercial buildings, and single-family homes with IoT powered technology. In 2017, Eddy was awarded Most Innovative Product of the Year by EnerQuality and the Project/Technology award by Water Canada.

For more details on Eddy's products or company information, please visit http://www.eddyhome.com.