We first started work with Neos back in 2016 when they began a limited trial of their connected home insurance service. The early visibility we achieved helped secure initial seed investment from wealthy individuals and then a successful series A round, backed by Zoopla and Aviva. So this week we were really proud to help announce the nationwide consumer launch of Neos.
Neos is set to revolutionise the way consumers protect and insure their homes, by combining smart connected home technology, 24/7 monitoring and assistance plus the back up of comprehensive home insurance, all managed through an app. This creates a policy that’s “always-on” and allows homeowners to actively protect their home from their phone, from anywhere in the world. The technology can detect and help prevent fire, intruders, and water leaks, with real time updates provided to your smartphone, including the real-time view inside your home from connected cameras.
Currently, insurers pay out £8.1m every day in the UK to repair homes and replace contents. Yet, while this repairs the financial loss suffered by consumers, nearly one in four UK consumers say they’ve lost an irreplaceable item to burglary, water damage or fire in the home. With home insurance premiums now rising at their fastest rate in three years, more than double the rate of inflation, Neos also promises customers a three-year price freeze.
Neos is now available to consumers across the UK as one of three simple packages: ‘Good’, ‘Better’ and ‘Best’. Each quote is unique, with prices varying from approximately £15 to £50 per month, which includes both the smart technology package, 24/7 monitoring and assistance along with comprehensive insurance cover.