InsureTek
IoT-enabled Loss Control as a Service for commercial property water damage prevention
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
Customers
- Multi-family residential complexes
- Hotels and resorts
- Office buildings and commercial properties
- Restaurants and food service facilities
- Educational institutions
- Military properties (including Fort Campbell, Kentucky)
- REITs and commercial property owners
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Last updated: 2026-04-09