Honey Insurance is celebrating a strong start to the year, with the announcement of Home Insurance Innovation of the Year at the 2023 The WeMoney Innovation Awards
The WeMoney Innovation Awards celebrate products and services that offer innovative and market-leading features, as well as competitive experience to customers.
WeMoney Founder & CEO, Dan Jovevski, commented, “We’re thrilled to announce that Honey Insurance has been recognised for their incredible achievements in our WeMoney Innovation Awards.”
The award for Home Insurance Innovation of the Year is given to the home insurer that offers an innovative product and demonstrates how this addresses a key customer problem to be solved in the market. Honey’s customer-focused ethos is based on reducing claims with smart technology that alerts customers to accidents like fire, theft and water damage. Customers can choose to include complimentary smart home sensors on eligible Honey home and contents policies.
“The WeMoney Innovation Awards celebrate the most innovative brands and products in market. Honey's clear differentiation to provide smarter home insurance with in-home sensors was the key reason they won 'Home Insurance Innovation of the Year'. This is a hallmark recognition for Honey, helping Australian consumers identify great innovations in the marketplace.”
Jovevski concluded, “The award is well very deserved and is a testament to the success that Honey has seen across their suite of other awards.”
Honey is smart home insurance, and we are on a mission to eliminate the majority of avoidable accidents that happen in the home. We give our customers $250 of technology upfront, and ongoing services to keep homes safer when they sign up for house and contents insurance. Honey then rewards them with a lower price on their insurance for being safer. In June 2021, Honey raised $15.5m, the largest seed investment in Australian history at the time, from industry leaders such as AGL, Metricon, Mirvac, PEXA, and many others. Honey is underwritten by RACQ, one of the most trusted insurance companies in Australia.