In today’s fast-paced world, technology is transforming every industry, including insurance. In our ongoing mission to offer cutting-edge solutions for insurers, we are excited to introduce another forward-thinking company—nami.ai. They are bringing a game-changing solution to the home-security market that not only enhances safety but also could provide significant value to both insurance providers and their customers alike.

Meet nami: Intelligent WiFi Sensing for Enhanced Home Security

At the forefront of this collaboration is nami, an innovative company specializing in intelligent WiFi sensing. While traditional home security systems rely on cameras or infrared sensors, nami is disrupting the market with its non-invasive, privacy-friendly approach. Using WiFi signals, nami’s technology can detect real-time movement within a household, providing instant alerts if an intrusion is detected.

But it doesn’t stop there. nami’s technology is incredibly versatile—it can also be used to monitor the well-being of elderly individuals without compromising their privacy. It also works the other way round, giving an alert if no movement is detected. This could be useful for elderly people who live on their own and are far from relatives who could come and check on them. If the usual patterns of movement are not detected, the alert can trigger a relative or carer to visit to check if there's a medical emergency.  This makes it a valuable tool not only for enhancing home security but also for providing peace of mind to families who care for aging loved ones. Unlike traditional solutions, nami's system does not rely on video cameras, providing a seamless, secure and privacy-conscious experience.

A Win-Win for Insurance Companies and Their Customers

By partnering with nami.ai, Preventinno opens up new opportunities for insurance companies. This collaboration allows insurers to offer their customers an affordable, comprehensive home security solution that can reduce the risk of burglary. The potential cost of this service is surprisingly low, starting at just €100-150 per household before any potential carrier subsidies, making it accessible to a wide range of customers. Traditional full-featured alarm and monitoring systems cost several thousand euros, which is usually beyond the reach of typical household budgets. 

This innovative technology helps protect homes from intruders, which is a clear win for customers. However, insurance companies can also benefit significantly. By offering a proactive security solution that reduces the likelihood of home break-ins, insurers benefit first and foremost from a new USP in the sales process and customer satisfaction among existing customers. It could also reduce the volume of burglary-related claims, although in Germany at least, this is a relatively small part of household insurance claims costs. The combined effect on the top and bottom line may justify a subsidy from the insurer to the customer, which would add up to the manufacturer's discount. Ultimately, by offering customers a state-of-the-art security solution at an affordable price, insurers can increase customer satisfaction and retention.

Practical Use Case design

The cornerstone of this use case is simple: an insurer that provides peace of mind beyond the simple payment of claims. Preventinno will support the practical implementation of a tailored use case and facilitate the agreement between the insurer and nami.ai. Such a use case should not be limited to a simple discount offer on the insurer's website. Rather, it should start with triggering risk awareness about burglary risks, then guide the customer through the most important preventive measures and security recommendations, and only then provide a specific solution with the nami.ai offer. A similar and much more emotional use case can be built around the risks of accidents and medical emergencies at home for elderly people. 

This combination of real-time intrusion detection, privacy-conscious elder care and affordability offers homeowners unparalleled peace of mind. Insurance companies, in turn, can offer a service that not only protects homes, but also builds trust and long-term relationships with their customers. 

What’s Next?

This is just one example from our PrevTech Network. At Preventinno, we are committed to partnering with innovative companies like nami to develop more solutions that blend technology with security, always keeping our customers' best interests at the forefront. We are paving the way for smarter, safer world, and our collaboration with nami is just one of the many ways we are bringing that vision to life.

Stay tuned for more updates as we continue to roll out innovative, affordable, and effective solutions that redefine home security and risk management in the insurance sector.

Conclusion

The partnership between nami.ai and Preventinno represents a significant leap forward in how we think about home security and risk mitigation in the insurance industry. By leveraging intelligent WiFi sensing technology, we are offering an end-to-end solution that is not only affordable but also incredibly effective. Together, nami and Preventinno are leading the charge towards a future where **peace of mind** is just a WiFi signal away.

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For more information, visit nami.ai and follow Preventinno on LinkedIn. Stay connected as we continue to innovate and bring you the latest in smart home security technology!

🏠🔒 Your home, your peace of mind—protected by nami and Preventinno.