Purely IOT

WHO WE ARE?

We are insurtech aiming to create and deploy IoT risk management solutions to enable commercial insurers to reshape the business model from risk transfer to risk prevention.

assureIQ is revolutionary IoT based Insights Engine for insurance that allows real-time risk mitigation for Commercial P&C insurance, MGA and their clients to have less costly claims, reduce loss frequency and grow profitably.

May 2022, Purely IoT as a subsidiary of Purely Cloud. We are a group of Insurance; technological and risk management experts came together with the objective to transform risk management for Commercial Insurance space.

Our team has partners with IoT solution provider and have created a revolutionary insights engine that focusses is on any insurance solution based on sensors for collecting data on the state of insured risk and telematics for remote transmission and management of the data collected.

Mission

Empower every insurance business with risk prevention Insights

ADVISORS

Christopher Wing

Founder & CEO – Purely Cloud

Sridevi Ramaswamy

Founder & CEO – Charlee.ai

Jeffery Rauch

Client Partner – Salesforce

INSURANCE INDUSTRY TRENDS

Insurer Market Growth

Commercial Insurance is growing at 8% YoY

Increased Safety Budget

Industrial Safety is growing at 6.7% CAGR

IoT Exponential Growth

Wearables is projected to grow at 12% CAGR from 2021 - 2028

Increased Loss

Insurance company have consistency reported increase losses YoY since 2018

IOT BASED SOLUTION

OPPORTUNITY

Untapped market potential to use wearable tech in Commercial Line insurance. Transform Insurance operation from risk transfer to risk prevention.

IoT is a key driver of data generation. Such data can provide insurers with valuable insights, with the potential to predict and prevent risks, as well as offer wider insurance coverage

CUSTOMERS

Commercial Insurance Companies, Risk Management Companies, and Insureds

SOLUTION

Risk Prevention and Mitigation as an IoT based Analytical Services. Partner with implementation partner LTI.

SOLUTION APPROACH

US Commercial Insurance

IoT based Risk Prevention Create value for Insurers Improve Suitability

01. Awareness

Pillar one: Create awareness of the current risk level

02. Action

Pillar two: Suggest a change in behavior

03. Action