Company Market Research Report: Roost, Inc.
Company Overview
Name: Roost, Inc.
Mission of the Company: Transforming homeowners and commercial insurance with smart, in-home solutions.
Founded: No information is available.
Founder(s): No information is available.
Key People in the Company:
- Roel Peeters – CEO & Co-Founder
- James Blackwell – CTO & Co-Founder
- Donald Sprague – VP Sales
- Mickey Nasiri – VP Software
- Jim Van Patten – VP Operations
Headquarters: Sunnyvale, CA, USA
Number of Employees: No information is available.
Revenue of the Company: No information is available.
Notable for: Roost is known for its innovative telematics solutions that integrate home security with property insurance, partnering with leading insurance companies to deliver value-added services to policyholders.
Products
Protection360 (Commercial Lines)
A comprehensive service aimed at commercial carriers, offering immediate alerts to policyholders for water leaks, extreme temperatures, and smoke alarm alerts, specifically designed for commercial properties such as small & medium businesses, multi-family properties, houses of worship, and small hotels.
Key Features:
- 24/7 Real-Time Alert Notifications: For water leak, temperature, power outage, and fire situations.
- Long Range Wireless Solution: Covers typical properties up to 25,000 square feet.
- “Zero-Install” Technology: Enables initial connection in less than 60 seconds.
- Smart Sensor Components: Includes Water Leak and Freeze Detector, SmartBase, Water Leak Detector with tail, Armed Intruder Device, and Smoke Alarm Notification Device.
- Turn Key 90-Day Deployment: Comes with centralized installation, cellular connectivity, Wi-Fi, and long-range sub-GHz wireless.
- “Zero-Install” Technology: Quick and simple DIY installation.
Security360 (Personal Lines)
An evolution in home security that bundles property insurance with complete home protection for residential customers, offering a win-win situation for consumers and insurance providers.
Key Features:
- 24/7 Real-Time Sensor Data: Provides accurate policy pricing and reduces claims costs.
- Custom-Branded App: Daily engagement with policyholders through a custom mobile application.
- Easy DIY Setup: Sensors that can be installed in minutes without professional help.
- Component Bundle: SmartBase, Motion Sensor, Entry Sensor, Water Leak/Temperature Sensor, Smoke Alarm Listener, and Keypad.
- Notifications & Alerts: Covers burglary, smoke/fire, water leak, freeze, high temperature, and power/Wi-Fi outage alerts.
- Professional Monitoring: 24/7 monitoring service with emergency dispatch options.
Security360 for Homeowners
A similar solution as Security360 but specifically packaged and tailored for homeowner scenarios.
Key Features:
- Comprehensive System: Combines theft, water leak/freeze, and fire detection into one monitored system.
- Easy Management: Through a user-friendly mobile app.
- 24/7 Monitoring and Response: Professional monitoring service that contacts emergency services if necessary.
Recent Developments
New Products Launched
- Armed Intruder Service: Added to the Protection360 solution.
- Pilot Program with Alfa Insurance: New sensor deployment and pilot program announcement.
New Features Added
- Smoke Alarm Notification Service: Recently added to the Protection360 service, offering extended fire detection features.
Partnerships and Collaborations
- Willis Towers Watson: Partnered for credible and third-party analysis based on Home Telematics Program.
- HomeAdvisor: Introduced an integrated platform called “Instant Plumber Connect” for immediate responses to water leak issues.
- The Weather Company, an IBM Business: Partnering to provide emergency weather alerts through Roost’s Home Telematics insurance partners.
- Duck Creek: Roost is a member of Duck Creek’s Partner Ecosystem.
- Guidewire: Recognized as one of five companies in the Insurtech Vanguards Program.
Conclusion
Roost, Inc. continually evolves in the smart home and insurance industries by integrating advanced telematics into property insurance products, creating value for both policyholders and insurance providers through innovative and proactive home monitoring solutions. The recent product launches and strategic partnerships demonstrate Roost’s dedication to driving the industry forward.