Pepper and Notion partner to create IoT smart home platform
By Gloria Methri
Pepper and Notion have joined forces to create an IoT and smart home platform business that will offer insurance carriers customized and connected services in the InsurTech and IoT industries.
Pepper enables businesses worldwide to build, deliver and monetize secure connected devices and services to consumers through a sustainable revenue model. Notion is a DIY smart property monitoring sensor system and app to enable home and small business owners to proactively monitor and reduce loss from costly property damages. Comcast, the previous owner of Notion, has made an investment in the Pepper/Notion combination.
By pairing next generation IoT and smart home technologies, insurance carriers can reduce the frequency and dollar amount of insurance claims filed by policy holders while home, property and small business owners can save up to 20% on insurance by proactively monitoring for water leaks, fire, carbon monoxide, mold, open doors and windows, drastic temperature changes, and more.
“We believe connected insurance tech is the next frontier of innovation in consumer IoT,” said Scott Ford, CEO of Pepper. “Combining Notion’s leading smart property monitoring sensor system with Pepper’s full-featured platform and service offerings will provide insurance carriers a customized suite of connected solutions through a seamless white-label approach. This acquisition will allow us to leverage Notion’s leadership as an InsurTech solution supplier while expanding the offering to include popular smart home and security services.”
Pepper-powered solutions will open the door to real time, actionable data for carriers and customers through its consumer IoT platform. The data generated through these programs will be controlled and owned by the carrier and its customers. In addition to improving key carrier business metrics like underwriting and claims reduction, the combination of Pepper and Notion will enable the sale of additional insurance products and create attractive recurring revenue streams.
“Partnering with a trusted, next-generation consumer IoT platform like Pepper aligns perfectly with Notion’s mission to deliver innovative, smart insurance and home security offerings,” said Thomas Fad, vice president and general manager of Notion. “By joining Pepper, we will be able to further accelerate in a high-growth market and expand into new product offerings, all while continuing to deliver the best in InsurTech for our customers.”
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