Onics enters the UK home insurance market

Onics , a Denmark-based IoT provider, is expanding into the UK home insurance market after gaining traction with Nordic carriers. The company already works with insurers like If, using sensors and connected-home devices to reduce water-leak, fire, and burglary losses while feeding structured data into underwriting and claims models.

The setup includes API integrations, a ready-made customer app, and support for rollout.

The company was formed through the merger of Denmark’s Develco Products and Norway’s Datek Smart Home and sees an opportunity to help UK insurers lower losses, strengthen retention, and expand into connected-home services.

“In the UK, home insurers face a challenging market where margins continue to be squeezed,” said Karsten Ries, CEO of Onics. We are here to help insurers return to profit by preventing losses before they occur. As the power behind AI, we provide the high-quality data needed to unlock its full potential for under writing insights. ‍‍Further, we help insurers offer more value to customers and stand apart in a highly competitive landscape.” – Onics CEO Karsten Ries.