Insight Risk Technologies

Insight Risk Technologies

Insurance

New York, New York 1,331 followers

Merging Builder's Risk insurance with technology-driven risk management

About us

Insight Risk Technologies is forging better outcomes in Builder’s Risk insurance for policyholders and carrier partners by minimizing construction losses and maximizing financial performance through a unique model incorporating IoT water damage protection solutions, comprehensive underwriting, and proactive risk management. Insight Risk designs and deploys non-intrusive environmental sensor systems on every construction job site to monitor conditions 24/7 and provide early warning of potentially catastrophic events, especially those that occur during off hours. Our projects show up to a 90% reduction in water damage losses, which are the number one source of financial loss and delay on vertical construction. Our team comprises professionals with over 150 years of combined experience in insurance, technology, construction, and claims, each with a long track record of innovation and success. Although our focus is on risk control and mitigation, we also employ digital solutions from submission to claims handling, delivering a lower cost of risk to our policyholders and superior returns to our carrier partners.

Industry
Insurance
Company size
2-10 employees
Headquarters
New York, New York
Type
Privately Held
Founded
2021
Specialties
Builder's Risk Insurance, IoT Water Damage Protection Technology, Site Security Deployments, Ground Up Work, Renovation Work, Master Builder Programs, In-House Programs, and Open Market Participation

Locations

Employees at Insight Risk Technologies

Updates

  • Discover how Insight Risk’s bundled Builder’s Risk solution and IoT water damage protection platform is safeguarding one of the US’s most important national treasures during a major renovation.     A beacon of hope and opportunity, the Ellis Island monument is undergoing extensive improvements, which — as with any construction project — leave it vulnerable to water damage.    Watch now to hear project leaders explain their objectives and key features of Insight Risk’s market-leading platform.    #IoT #buildersrisk #riskmanagement #constructioninsurance #buildersriskinsurance #lossprevention #ellisisland

  • Join us TODAY at 2 PM ET for an insightful webinar with URMIA - University Risk Management & Insurance Association. This panel discussion, featuring Ted Way, Senior Vice President at Gallagher; Matt Moustakas, Executive Director of Risk Management at Texas Woman's University, and Matt Joyal, Director of IoT Loss Control at Insight Risk, will share valuable insights to strengthen your risk management strategies through the use of IoT loss control technology. Get ready to gain exclusive insights and take your risk management strategies to the next level. Register now and secure your spot: https://buff.ly/3YKiOs9 All are welcome to join this session; there is a nominal $50 fee for non-URMIA members. 

    Reminder: we hope to see you all at our webinar tomorrow! In this session, experienced insurance and technology professionals will outline specific strategies to address exposures to water damage losses, including a survey of available options, guidance on identifying, designing, and procuring the right tech solutions, the elements of an effective prevention and response plan, and how to leverage technology investments with brokers and carriers. Register now: https://buff.ly/3YKiOs9 #URMIA2024 #Webinar #RiskManagement

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  • At Insight Risk, we take pride in the diverse backgrounds and expertise of our team members, each contributing uniquely to our mission. Today, we're excited to highlight our Vice President of Builder’s Risk, Victor Nieznalski, whose extensive experience and innovative approach are key assets to our company.    With over a decade of experience in commercial insurance, Victor has concentrated on underwriting complex, technical North American construction property placements for international carriers such as AXA XL and Berkshire Hathaway Specialty Insurance. Victor is a graduate of the University of Toronto’s Commerce program, and holds IIC Chartered Insurance Professional (CIP), RIMS Canadian Risk Management (CRM), and IRMI Construction Risk and Insurance Specialist (CRIS) designations.    Victor’s dedication to innovation and excellence is evident in his own words: “I'm proud to be part of a pioneering team that’s using cutting-edge tech solutions to address the evolving needs of the Builder’s Risk market. By bundling insurance offerings with the latest in IoT technology, we're raising the bar for managing risk on the job site. The positive feedback our comprehensive solutions receive, especially for water damage management, motivates us to keep finding creative ways to bring added value to our partners and clients. Our work helps prove that the insurance and construction industries are very willing to embrace new trends in technology.”    Victor’s expertise and forward-thinking approach exemplify Insight Risk’s commitment to delivering innovative and effective solutions to those we work with. Stay tuned to learn more about our exceptional team members and their contributions to our ongoing success.    #IoT #buildersrisk #riskmanagement #constructioninsurance 

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  • Making the physical world a safer and more productive is part of Insight Risk’s vision, whether it's installing cutting-edge technology or conducting thorough inspections.   But this week, while at a construction site installing our proven IoT loss control technology, our rental car company decided to join the safety-first mindset in their own bright and bold way. Check out this eye-catching chartreuse ride that they provided us! It definitely turned heads and made sure we were visible from a mile away—talk about taking safety seriously! #IoT #buildersrisk #riskmanagement #constructioninsurance #buildersriskinsurance #safety 

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  • Thanks to URMIA - University Risk Management & Insurance Association for letting us share our knowledge with your members!

  • Insight Risk is pleased to announce Jason Tschinkel as our new Assistant Vice President, Builder's Risk located in the greater Boston Area. With 7 years of experience in Specialty Inland Marine and Builder's Risk, and holding the CLCS designation, Jason brings additional depth to the Underwriting talent pool at Insight Risk and will play a pivotal role in expanding our product offering and geographic reach.     With Jason as part of our underwriting team, we will continue to provide the response and expertise our brokers rely on while ensuring lower costs of risk for policyholders through our unique tech-enabled insurance model. We look forward to strengthening our long-term relationships with brokers, carriers, contractors, owner-developers, and other stakeholders committed to reducing their total cost of risk.     Please join us in welcoming Jason to the Insight Risk team!   #IoT #buildersrisk #riskmanagement #constructioninsurance #buildersriskinsurance #culture #growth 

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    1,331 followers

    At Insight Risk, our strength lies in the exceptional expertise and dedication of our team members. Today we're featuring Bret Bush, ARM, CRIS, Executive Vice President of Insight Risk, whose innovative strategies and deep industry experience have significantly impacted our approach to risk management. Bret is a 30-year veteran of the construction and insurance industries, specializing in harnessing the power of IoT to drive innovation across the risk management landscape. His strategies have fundamentally changed how contractors, owners, and developers operate through the deployment of sensor technology, data analytics, and business intelligence tools. Prior to Insight Risk, Bret was the Strategy and Execution Lead of IoT at The Hartford, a position that led to over 60 successful large-scale IoT deployments on projects ranging to $500 million in construction value. "I've been a broker. I ran a construction company. I have worked at two of the largest insurance companies in the world. I have passionately tried to be an expert in loss prevention for all of my clients. Whether using education and training, procedures and protocols and now technology, whatever it takes to assist and support their risk management needs. This opportunity as an MGA is so unique and empowering. We have the flexibility, creativity and expertise to change this industry. I am most proud of the losses that my efforts have prevented. I love the speed of innovation. I have always had an entrepreneur spirit, so seeing how far Insight has come has been especially satisfying. I can't wait to see what this team of experts is able to achieve going forward.” Bret’s passion for innovation is a driving force for Insight Risk’s ability to deliver cutting-edge solutions and unparalleled service to our clients. Stay tuned as we continue to showcase more of our talented team members and their contributions to our mission of excellence and innovation. #IoT #buildersrisk #riskmanagement #constructioninsurance #culture #risktech #buildersriskinsurance

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    1,331 followers

    At Insight Risk, exceptional service is at the heart of everything we do. Today, we feature John Dempsey, Co-Founder and CEO of Insight Risk, whose expertise and leadership shape our mission to provide unparalleled service to our customers.      John was the founder and Managing Partner of Dempsey Partners, a risk management consulting firm acquired by Aon in 2013. After serving as Global Director of Aon’s Claims Preparation, Advocacy and Valuation team, he formed Terrabella Risk Consulting LLC, an insurance advisory and risk management specialist firm. John pioneered policyholder-oriented complex claims services that led to the resolution of over $14 billion in business interruption, property, fidelity, and cyber losses.     "We conceived Insight Risk to offer high-quality Builder’s Risk insurance, complemented by loss control technology solutions that make us unique in the market. Backed by the collective experience of our technology team in designing and servicing hundreds of successful IoT deployments, our solutions monitor sensitive environmental conditions 24/7 and have been used to avert tens of millions in losses. Our team provides the right solution, custom-designed to each project, and delivers flawless installation and monitoring until completion. We also use the data collected by our sensors to help risk managers improve performance on future projects. Ultimately, our goal is to create peace of mind for our customers."      Stay tuned as we continue to highlight more of our outstanding team members and their contributions to our mission of excellence.     #IoT #buildersrisk #riskmanagement #constructioninsurance   

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    1,331 followers

    At Insight Risk, we pride ourselves on delivering exceptional service and innovative solutions for every project. Today, we’re highlighting the renovation of a historic townhouse into the corporate headquarters for an international political consulting company in New York.   This $10 million TIV project involved adding a fifth story and an elevator while preserving the building’s original 50+ year-old wood elements and decorations. The contractor chose Insight Risk for our IoT water damage prevention technology, which was installed and operational within two weeks of binding the policy.    Stay tuned as we continue to feature more of our outstanding projects, demonstrating our commitment to excellence and innovation.    #IoT #buildersrisk #riskmanagement #constructioninsurance 

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    1,331 followers

    At Insight Risk, we redefine Builder’s Risk insurance by integrating cutting-edge IoT loss control technology with proactive risk management to minimize unforeseen events and financial losses, maximizing your project’s profit margins. Designed specifically for your client’s project, this 100% non-invasive, cost-effective solution monitors the presence of water, temperature and humidity 24/7, providing early warnings of potential disasters.       We handle the entire IoT process—from design to installation to monitoring —ensuring seamless protection throughout your project. If a potential event is detected, you receive instantaneous alerts via text, email, and in-app messages, allowing you to find the source of the issue – before it becomes an issue.  In addition, Insight Risk has pre-negotiated with its carrier partners to bring policy benefits to you for this technology option: premium credits and deductible credits. And with policies written on A+ paper, you’re guaranteed top-quality coverage from our reputable partners.  Innovate your Builder’s Risk policy with “The Insight Advantage.” #IoT #buildersrisk #riskmanagement #constructioninsurance #risktech #constructiontech

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Funding

Insight Risk Technologies 1 total round

Last Round

Seed

US$ 1.0M

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