Australian home security specialist Scout Security Limited (ASX: SCT), has signed a major international agreement with one of the USA’s most respected insurance companies for the marketing of Scout’s self-installed wireless home security kits.
The deal with Hanover Insurance Group, Inc., one of the oldest continuously running insurance companies in the US, will provide Scout wit access more than 2 million of Hanover’s home and business policy holders.
Scout co-founder and CEO, Dan Roberts, said the agreement is part of Hanover’s ‘Partners in Protection’ programe, which promotes collaboration with high quality service providers to offer valued services at special pricing to the benefit of policyholders.
“We are thrilled to partner with Hanover to bring affordable, portable home security to a base of like-minded customers,” Mr Roberts said.
“We look forward to helping Hanover simplify customer adoption of smart home devices and enhance its portfolio by offering a valued service — one which solves a problem for Hanover policy holders, provides a more tightly integrated smart home experience, and provides Hanover with an opportunity to introduce an attractive additional service into the insurance sector.”
Mr Roberts said Hanover and Scout will work together to market the offering with the aim of maximising penetration into Hanover’s large and growing client base.
Hanover, which has more than 150 years of experience, is integrating new smart home technologies to reduce property loss claims from intrusion, water leaks, temperature fluctuations and carbon monoxide detection.
Mr Roberts added that Scout is continuing to progress discussions with additional potential resellers.