InsureTek

IoT-enabled Loss Control as a Service for commercial property water damage prevention

Specialty Solutions Growth Bootstrapped

Overview

InsureTek is a commercial property technology and insurtech company that provides IoT-enabled water sensor and loss control solutions for commercial buildings. Founded in 2020 by experienced insurance, technology, and real estate professionals, the company addresses water damage -- which accounts for one in every five insurance claims and approximately USD 13 billion per year in losses.

InsureTek delivers Loss Control as a Service (LCaaS) through its AI-enabled Yogi platform, combining off-the-shelf IoT sensors with a cloud-based software platform for real-time water monitoring, leak detection, and damage mitigation. The capex-lite subscription model requires no upfront cost for customers and delivers quick payback periods.

By 2022 the company had approximately 1,000 devices installed across multiple property types, and it has since expanded to serve customers across North America and Europe, operating across 2 continents with 51 employees as of mid-2025.

Products & Services

Yogi Platform

AI-enabled water sensor and monitoring system combining IoT hardware sensors with a cloud-based software dashboard. Provides centralized visibility into water events, usage patterns, and risk metrics across a property portfolio.

Key Features

Real-time water event monitoring and leak detection
Burst pipe and running toilet detection with automated alerting
ESG water usage tracking and reporting
Centralized multi-property risk dashboard
AI/ML-powered predictive analytics for loss prevention

Target Users: Commercial property owners and operators, insurance carriers, MGAs

Loss Control as a Service (LCaaS)

Bundled subscription offering that includes sensors, financing, installation, warranty, 24/7 monitoring, and active mitigation services. Billed as a monthly subscription with no upfront capital expenditure required.

Key Features

Capex-lite subscription model
End-to-end turnkey deployment (hardware + software + support)
24/7 monitoring with active incident response
Integration with insurance underwriting and carrier workflows

Target Users: Commercial property owners, REITs, insurance programs

At a Glance

Founded: 2020
Headquarters: Nashville, Tennessee, USA
Employees: 51-200
Funding: Bootstrapped

Category & Focus

Category: Specialty Solutions
Subcategories: IoT Loss Control Water Damage Prevention Commercial Property Risk
Insurance Verticals: P&C Commercial Specialty/E&S
Target Customers: Carriers, Brokers, MGAs/MGUs