back Back

ARMD launches Smart Van Alarm and tracker for safety of insurers

By Gloria Methri

December 26, 2022

  • ARMD
  • Insurance Underwriting
  • Insurtech
Share

ARMD, Smart Van Alarm, InsurTech, UK, underwriting, tradespeople, tool insurance, IoT solutionLondon-based InsurTech ARMD has launched its new Smart Van Alarm and tracker, an IoT solution that promises insurers of better underwriting data, reduced fraudulent claims, and enhanced protection for tradespeople.

The launch completes ARMD’s technology ecosystem with its free tool inventory app and dedicated tool insurance for tradespeople. It means that customers are now called instantly in the event of a break in. The device also doubles up as a vehicle tracker, providing vital data for both underwriting and claim purposes.

The IoT device is self-installed, with no technical knowledge required, and is controlled via the ARMD app.

Devin Chawda, co-founder and CEO of ARMD, said, “We are thrilled to have our Smart Van Alarm up and running after many months of product development, and initial user feedback has been really encouraging. Our aim is to give tradespeople peace-of-mind knowing they are better protected, and insurers better risk mitigation and underwriting data.

ARMD aims to make it easier and more affordable for tradespeople to protect their livelihoods. This complete package will be offered within one monthly payment and includes insurance coverage embedded for enhanced protection.

ARMD’s solution consists of four core elements:

  1. Record, with a free tool inventory app for tradespeople to digitally record their tools;
  2. Protect, with this IoT ARMD Smart Van Alarm;
  3. Insure, with online tool insurance;
  4. Replace, with an online shop selling over 30,000 tools from major brands.

Previous Article

December 26, 2022

Centbee raises $1m in a pre-series A funding round

Read More
Next Article

December 26, 2022

Here’s how payment as a service will evolve in 2023

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 12, 2025

Mambu and Good Money launch digital lending app in Thailand

Read More

February 12, 2025

T2 acquires majority stake in Saudi startup Moola

Read More

February 12, 2025

Experion Technologies & Tagit partner to drive personalised banking

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More