Today 54% of the world population lives in urban areas, a proportion that is expected to increase to 66% in 2050. As a result, cities will face numerous challenges including housing and housing management. More than 80% of this people will live on Condominiums that will house by then more 2.5 billion people than today.
Condominium management market is going to increase at a fast pace, requiring new solutions and Insurance will be called to follow with ingenious solutions.
Algorithm has designed a Condominium Ecosystem integrating Telematics and Optimised Insurance for the management of Common Areas, Individual Property, House Content and Cars in garages, providing integrated Prevention and Protection against Accidents and Intrusion on a complete set up to Condo Management, Individuals and Families.